Augmented and Virtual Reality Hardware Market Projected to Hit 3,89,066.4 Million at a 35.8% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Overview:

Augmented and Virtual Reality Hardware Market To Cross USD  3,89,066.4 Million By 2030 at 35.8% CAGR

According to the research reports by MRFR, the global market for augmented and virtual reality hardware market is predicted to thrive considerably during the assessment timeframe from 2022 to 2030 at a healthy CAGR of approximately 35.8%. The report further anticipates the market to attain a size of around USD 3,89,066.4 Million by the end of 2030.

The global market for augmented and virtual reality hardware has shown massive expansion in recent times owing to the aspects such as consumer and commercial rising interest, the ongoing evolution of silicon technologies, the increasing use of smartphones & tablets, and the rising usage of V.R. beyond gaming.

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Augmented and Virtual Reality Hardware Market Report Scope:

Segment Analysis

The global augmented and virtual reality hardware market has been segregated into segments based on industry verticals, hardware type, region, and application.

Based on the hardware type, the global market for augmented reality and virtual reality hardware is split into display monitors, cameras, processors, headphones, controllers, sensors, and others.

Based on the application, the global market for augmented reality and virtual reality hardware is divided into handheld devices, head-up displays, and head-mounted display

Based on the industry vertical, the global market for augmented reality and virtual reality hardware is fragmented into automotive, education & training, aerospace & defense, healthcare, gaming & entertainment, and others.

Competitive Analysis

The global augmented and virtual reality hardware market has known to have a solid and competitive landscape. Players across the globe are implementing several new and innovative growth policies, such as mergers, acquisitions, partnerships, etc., to strengthen their market footprint. The catalog for the leading participants across the global market for augmented reality and virtual reality hardware includes companies such as Google LLC., ARM Limited, Penumbra, Inc, Qualcom Technologies Inc., DPVR, Valve Corporation, Inertial Labs, NXP Semiconductors, Samsung Electronics Co., Ltd, LEKE VR, Seiko Epson Corporation, Vuzix, HTC Corporation, Sony Corporation, Bosch Group, world viz, Oculus V.R., and several others.

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Regional Analysis

The augmented and virtual reality hardware market is analyzed across five major regions: South America, the Middle East & Africa, Europe, Asia-Pacific, and North America.

According to the research reports by MRFR, the North American region is predicted to ensure the top spot across the global market for augmented reality and virtual reality hardware market over the review timeframe. The region has Canada and the U.S. as the leading growth contributors. The primary parameter supporting the regional market’s growth is the increasing development in A.R. and V.R. technologies. Furthermore, the large number of A.R. and V.R. technology players present across the region is another crucial parameter supporting the brilliant performance of the regional market. The leading players across the region include Google LLC, Magic Leap, Microsoft, Apple, Inc., etc. In addition, the U.S. government is launching initiatives to promote expansion by offering virtual public health veterinary training courses, which is anticipated to catalyze the growth of the regional market over the coming years.

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The European regional market for augmented and virtual reality hardware market is likely to grow substantially over the coming years. the main parameter supporting the growth of the regional market is the widespread deployment of V.R. technology in various applications, especially in the gaming and automobile industries. The region has a massive gaming population helping the adoption of cutting-edge V.R. headsets. Furthermore, the rapid development and sale of powerful V.R. hardware focused on gaming have boosted the performance of the regional market over the review era.

Recent Developments

• November 2022- Apple’s Reality One augmented and virtual reality headset may start production soon based on the newest news. This supports flawlessly with previous indications that Apple’s first head-mounted display may be introduced in 2023, a challenge to Meta’s position as the prominent manufacturer of V.R. hardware.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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