Woodridge, 2018 May (Press Release) – Global Augmented & Virtual Reality Market is valued at USD 12.36 Billion in the year 2017. Global Augmented & Virtual Reality market is further estimated to grow at a CAGR of 54.91% from 2018 to reach USD 170.84 Billion by year 2023. North America region holds the highest market share in 2017 and Asia Pacific region is considered as the fastest growing market in the forecasted period. At country level, U.S. is the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.
Alphabet (Google) Inc. (U.S), Microsoft Corporation (U.S), Apple Inc. (U.S), Qualcomm Inc. (U.S.), NVIDIA Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Oculus VR, LLC (U.S.) are some of the key players in the Augmented & Virtual Reality market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the Tier 1 and Tier 2 manufacturers in recent years.
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Key Market Players
Samsung Electronics Co., Ltd.
Alphabet (Google), Inc.
Flex VR Ltd.
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Growing use of AR/VR in healthcare industry
Loosing experience to actual reality
Rising Investments in AR/VR industry
AR and VR creating cyber threat
The Software Components holds the highest market share with highest CAGR during the forecast period 2018- 2023. On the other hand, Head Mounted Display for Augmented and Virtual Reality is expected to grow at the highest CAGR during year 2018-2023. As Head Mounted Display has large application and it is widely used in medical, e-commerce and other vertical.
Key Benefits for Stakeholders
Augmented & Virtual Reality Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries, Regulatory bodies.
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Augmented Reality Technology:
-Marker-Based Augmented Reality
-Markerless Augmented Reality
Virtual Reality Technology:
-Semi-Immersive & Fully-Immersive Technologies
-Augmented Reality Hardware Component
-Augmented Reality Software Component
-Virtual Reality Hardware Component
-Virtual Reality Software Component
Augmented Reality Devices:
-Head Mounted Display
-Head up Display
Virtual Reality Devices:
-Projector & Display Wall
-Head Mounted Display (HMD)
-Gesture Control Device
Augmented Reality Applications:
-Aerospace & Defense
Virtual Reality Applications: