Reportlinker has released a research report, “Augmented Reality and Virtual Reality Market to 2025 – Global Analysis and Forecasts by Technology, Sensors & Components and Applications.” The market has been separated into the segments technology, components, and end user industries; this includes education, medial, entertainment, aerospace and defence, retail, and industrial.
Major industry players mentioned in the report include:
- AREA member DAQRI LLC
- Blippar
- Vuzix Corporation
- Augmented Pixels Co.
- Oculus VR LLC
- Microsoft Corporation
- Google, Inc.
Significant points emerging include:
- The global ARVR market is predicted to grow at a compound annual growth rate (CAGR) of 41.2% from 2016 to 2025
- The ARVR market is expected to cost $130.01 billion in 2025
- Currently, the entertainment industry has the biggest application in the ARVR market and is predicted to grow at a CAGR of 43.9% from 2016 to 2025
- North America currently has the highest adoption of ARVR technology
- Asia Pacific is expected to be the leader of the ARVR market in the near future
- In the report, ARVR market revenue has been analysed then data has been validated through primary interviews
- Big Data visualisation is a key driver for the ARVR market
- Retail applications are expected to increase the demand for ARVR tech
- ARVR applications are spread across various markets: entertainment, education, medical, sports, and training
Regions covered in the report are:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The full summary of the report can be read here.
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Source: Augmented and Virtual Reality Market Analysis to 2025
