Augmented Reality and Virtual Reality Market Size is Expected to Reach at USD 451.5 Billion by 2030, registering a CAGR of 38.5%, Owing to Growing Applications in Healthcare Sector - Yahoo Finance

Acumen Research and Consulting precocious published study titled “Augmented Reality and Virtual Reality Market Report and Region Forecast, 2022 - 2030”

TOKYO, Dec. 27, 2022 (GLOBE NEWSWIRE) -- The Global Augmented Reality and Virtual Reality Market Size accounted for USD 22.6 Billion successful 2021 and is estimated to execute a marketplace size of USD 451.5 Billion by 2030 increasing astatine a CAGR of 38.5% from 2022 to 2030.

Augmented Reality and Virtual Reality Market Statistics

• Global augmented world and virtual world marketplace gross was worthy USD 22.6 cardinal successful 2021, with a 38.5% CAGR from 2022 to 2030

• Asia-Pacific augmented world and virtual world marketplace stock gathered much than 35.4% successful 2021

• According to study, the emergence of AR/VR exertion successful the United States unsocial volition nutrient 2.3 cardinal jobs implicit the adjacent fewer years.

• By component, the hardware class seizure implicit 61.2% of full marketplace stock successful 2021

• Growing acceptance successful the subject and defence industries, propel the augmented world and virtual world marketplace value
  

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Augmented Reality and Virtual Reality Market Report Coverage:

Augmented Reality and Virtual Reality Market Overview

The marketplace for augmented world and virtual world importantly widens the spectrum of regular tasks that connected devices whitethorn assistance with, including accusation search, commerce, arsenic good arsenic different activities, portion virtual world enables users to question the satellite from the convenience of their homes. VR exertion generates a simulated situation for its consumers, allowing them to comprehend the existent beingness of gaming.

Augmented Reality and Virtual Reality Market Trends

The cardinal drivers of the marketplace are the expanding usage of the net and the booming video crippled sector. The AR & VR marketplace volition emergence rapidly during the forecast play owed to the increasing uses of virtual world and augmented world successful sectors specified arsenic retail, entertainment, healthcare, media, aerospace, manufacturing, and defense. Furthermore, governments crossed the satellite are encouraging the usage of antithetic technologies and caller technologies to assistance the automotive manufacture and manufacturing sectors to thrive. In addition, for on-site improvements and digitalization, commercialized and concern solutions are highly babelike connected AR technology. As a result, specified aspects are liable for accrued marketplace share.

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Augmented Reality and Virtual Reality Market Segmentation

The planetary augmented world and virtual world marketplace has been segmented by Acumen Research and Consulting based connected instrumentality type, component, technology, platform, and instrumentality application. By instrumentality type, the conception is separated into augmented world devices (head-up displays (HUD), head-mounted displays (HMD), and handheld devices), and virtual world devices (head-mounted displays (HMD), projects & displays wall, and motion power devices (GCD)).

In presumption of component, the marketplace is categorized into hardware, and software. According to the augmented world and virtual world marketplace forecast, the hardware class is predicted to make importantly successful the adjacent years.

Based connected technology, the marketplace is categorized into marker-based augmented reality, marker-less augmented reality, and virtual world technology. In presumption of platform, the marketplace is classified into mobile, PC, console, and others. Moreover, the marketplace is divided into augmented world exertion (commercial, tourism, e-learning, e-commerce & selling applications, medical, consumer, aerospace & defense, and others), and virtual world exertion (commercial, aerospace and defense, industrial, consumer, medical, and others), based connected the instrumentality application.

Augmented Reality and Virtual Reality Market Regional Overview

Based connected the region, the worldwide augmented world and virtual world marketplace segmentation is into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to an manufacture reappraisal of augmented and virtual reality, the Asia-Pacific country is the fastest-growing market. The expanding user conception successful nations similar Japan, South Korea, and China is liable for ARVR's growth. The increasing request for ARVR successful sectors specified arsenic medicine, entertainment, existent estate, aerospace & military, and acquisition is besides propelling the worldwide augmented world and virtual world marketplace forward. Furthermore, arsenic the request for mobile phones and portable devices grows, augmented world and virtual world innovation are becoming progressively fashionable among machine crippled and handheld instrumentality producers. ARVR exertion is utilized successful the defence and aerospace industries to show accusation specified arsenic craft speed, skyline line, and altitude. ARVR exertion is utilized successful objective teaching, antithetic aesculapian devices, and wellness monitoring systems successful the healthcare industry.

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Augmented Reality and Virtual Reality Market Players

Some of the salient augmented world and virtual world marketplace companies are Qualcomm Technologies Inc., Vuzix Corporation, Oculus VR, Samsung Electronics Co. Ltd., Laster Technologies, CyberGlove Systems LLC, Google Inc., Innovega Inc., Facebook Inc., Microsoft Corporation, NIVIDIA Corporation, EON Reality, Inc., Magic Leap, Inc., Augmented Pixels Co., and Advanced Micro Devices, Inc.

Questions Answered By This Report

• What was the marketplace size of Augmented Reality and Virtual Reality Market successful 2021?

• What volition beryllium the CAGR of Augmented Reality and Virtual Reality Market during the forecast play from 2022 to 2030?

• Who are the large players successful Global Augmented Reality and Virtual Reality Market?

• Which portion held the largest stock successful Augmented Reality and Virtual Reality Market successful 2021?

• What are the cardinal marketplace drivers of Augmented Reality and Virtual Reality Market?

• Who is the largest extremity idiosyncratic Augmented Reality and Virtual Reality Market?

• What volition beryllium the Augmented Reality and Virtual Reality Market worth successful 2030?
  

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