Augmented Reality and Virtual Reality Market Size to Reach USD 2174.1 billion, With a CAGR of 46.74.% by 2030 – Report by Market Research Future (MRFR)

Research Reports

Apr 14, 2023

Market Research Future Insights

According to MRFR analysis, the Augmented Reality and Virtual Reality Market is expected to register a CAGR of 46.74% from 2020 to 2030 and hold a value of over USD 2174.1 billion by 2030.

Augmented Reality (AR) is a technology that overlays digital content on the real world, allowing users to interact with virtual objects and information in a real-world environment.

Virtual Reality (VR) is a technology that simulates a completely artificial environment that users can interact with and immerse themselves in.

The AR and VR market refers to the industry and ecosystem of companies, developers, and users involved in creating, distributing, and using AR and VR technologies and content. The market for AR and VR is rapidly growing, with applications in a wide range of industries, including gaming, entertainment, education, healthcare, and more.

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The COVID-19 pandemic had a mixed impact on the Augmented Reality and Virtual Reality (AR and VR) market. The pandemic has accelerated the adoption of AR and VR technologies, as more people have had to work and learn from home, and as businesses have had to find new ways to engage with customers in a socially distanced world.

The pandemic has also led to an increased demand for AR and VR solutions in healthcare, where these technologies have been used to support remote consultations, training, and patient care.

Key Players

Some of the key market players are:

  • Blippar
  • Google LLC
  • EON Reality Inc.
  • Hewlett-Packard Company
  • Augmented Pixels Inc.
  • DAQRI LLC
  • Terminal Eleven (SkyView)
  • Wikitude GmbH
  • Sony Corporation
  • org Pty Ltd (buildar.com)
  • Zapper Limited

 

Augmented Reality and Virtual Reality Market Report Scope:

Parameter

Details

Revenue Forecast in 2030:

USD 2,174.18 Billion

Growth Rate:

CAGR of  46.74% from 2020 to 2030

Forecast Period:

2020 -2030

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

 

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Regional Analysis

The largest region for the Augmented Reality and Virtual Reality (AR and VR) market is North America, followed closely by Europe and Asia Pacific. North America has a strong gaming and entertainment industry, which has been a major driver of AR and VR adoption. The region has also seen significant adoption of AR and VR technologies in healthcare, education, and industrial applications.

Europe is another important market for AR and VR technologies, with several major companies based in the region, including Volkswagen, Airbus, and Siemens. The region has also seen significant adoption of AR and VR technologies in the gaming, entertainment, and automotive industries.

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Market Segmentation

The Augmented Reality and Virtual Reality Market has been segmented into technology and device type.

Based on the technology, the market has been segmented into marker-based augmented reality and marker-less augmented reality and non-immersive systems, semi-immersive projection system.

Based on the device type, the market has been segmented into head-mounted display, head-up display and handheld devices.

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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.

Tags: Global Augmented Reality and Virtual Reality Market, Augmented Reality and Virtual Reality Market growth, Augmented Reality and Virtual Reality Market Size, Augmented Reality and Virtual Reality Market, Augmented Reality and Virtual Reality Market Share See Campaign: https://www.marketresearchfuture.com/reports/augmented-reality-virtual-reality-market-6884

Contact Information:

Contact Information: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: [email protected] Website: https://www.marketresearchfuture.com

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