NEW YORK, Aug. 24, 2021 /PRNewswire/ -- According to the latest market research report titled augmented reality (AR) and virtual reality (VR) market by Technology (AR and VR) and Geography (North America, APAC, Europe, MEA, and South America) from Technavio, the market is expected to expand at a healthy CAGR of 46%.
Technavio has announced its latest market research report titled Augmented Reality and Virtual Reality Market by Technology and Geography - Forecast and Analysis 2021-2025
Technavio's custom research offerings with crucial business data insights including country-level impact, upcoming vaccines, and pipeline analysis
Impact of COVID-19The industry is expected to have a mixed impact due to the spread of the COVID-19 virus. The market will have a direct impact due to the spread. In the short term, the market demand will show at par growth due to the increase in infections and reduced economic activity.
Download a free sample report in minutes
Frequently Asked Questions:
Based on segmentation by Technology, which is the leading segment in the market?The augmented reality and virtual reality market share growth by the AR segment will be significant during the forecast period.
At what rate is the market projected to grow?The augmented reality (AR) and virtual reality (VR) market has the potential to grow by USD 162.71 billion during 2021-2025.
Who are the top players in the market?Alphabet Inc., Facebook Inc., HP Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., Samsung Electronics Co. Ltd., Snap Inc., Sony Corp., and Toshiba Corp. are some of the major market participants.
What are the key market drivers and challenges?The increasing demand for AR and VR technology is notably driving the augmented reality and virtual reality market growth, although factors such as high development costs associated with AR and VR apps may impede the market growth.
How big is the APAC market?34% of the market's growth will originate from APAC during the forecast period.
Related Reports on Information Technology Include:
eDiscovery Software Market Report -The eDiscovery software market has the potential to grow by USD 2.70 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 12.71%. Download a free sample report now!
Story continues
Field Service Management Software Market Report -The field service management (FSM) software market has the potential to grow by USD 3.68 billion during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 18.22%. Download a free sample report now!
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Although the increasing demand for product launches, and M&A activities will offer immense growth opportunities, risks associated with AR and VR applications and limitations of AR and VR technology are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this augmented reality (AR) and virtual reality (VR) market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Augmented Reality (AR) and Virtual Reality (VR) Market 2021-2025: Segmentation
Augmented Reality (AR) and Virtual Reality (VR) Market is segmented as below:
Augmented Reality (AR) and Virtual Reality (VR) Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The augmented reality (AR) and virtual reality (VR) market report cover the following areas:
Augmented Reality (AR) and Virtual Reality (VR) Market Size
Augmented Reality (AR) and Virtual Reality (VR) Market Trends
Augmented Reality (AR) and Virtual Reality (VR) Market Industry Analysis
This study identifies the Increasing number of M&A activities as one of the prime reasons driving the Augmented Reality (AR) and Virtual Reality (VR) Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Gain instant access to 17,000+ market research reports by using Technavios Subscription PlatformTechnavio's SUBSCRIPTION platform
Augmented Reality (AR) and Virtual Reality (VR) Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist augmented reality (ar) and virtual reality (VR) market growth during the next five years
Estimation of the augmented reality (ar) and virtual reality (VR) market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the augmented reality (ar) and virtual reality (VR) market across North America, APAC, Europe, MEA, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of augmented reality (ar) and virtual reality (VR) market, vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Market segments
Comparison by Technology
AR - Market size and forecast 2020-2025
VR - Market size and forecast 2020-2025
Market opportunity by Technology
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Appendix
About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: http://www.technavio.com/
Technavio (PRNewsfoto/Technavio)
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/augmented-reality-ar-and-virtual-reality-vr-market-to-grow-by-usd-162-71-billion-alphabet-inc-facebook-inc-emerges-as-key-contributors-to-growth-technavio-301360732.html
SOURCE Technavio
Go here to see the original:
- Fans still waiting for a virtual reality view of the Buffalo Bills' new ... - Buffalo News - November 28th, 2023 [November 28th, 2023]
- Immerse yourself in new, augmented worlds - University of Miami: News@theU - November 28th, 2023 [November 28th, 2023]
- Who are the leading innovators in vehicle digital twins for the ... - just-auto.com - November 28th, 2023 [November 28th, 2023]
- How Virtual and Augmented Reality Are Redefining Construction - TimesTech - November 28th, 2023 [November 28th, 2023]
- Virtualware Appoints VRARA's John A Cunningham to Advisory Board - XR Today - November 28th, 2023 [November 28th, 2023]
- University Project Aims to Dissolve Borders Between Virtual and ... - XR Today - November 28th, 2023 [November 28th, 2023]
- Are real cadavers better than virtual ones? - Slate - November 28th, 2023 [November 28th, 2023]
- Samsung Glasses could be the name of a new pair of Samsung ... - TechRadar - November 28th, 2023 [November 28th, 2023]
- The Best Augmented Reality Accessories for AR Immersion - XR Today - November 28th, 2023 [November 28th, 2023]
- The best VR apps for 2022 | Digital Trends - February 18th, 2023 [February 18th, 2023]
- What is virtual reality? - TechTarget - February 18th, 2023 [February 18th, 2023]
- Forget the metaverse, Sony's PlayStation VR2 will make you a virtual reality believer again - British GQ - February 18th, 2023 [February 18th, 2023]
- Time to play! New virtual reality gaming coming to Northern Virginia - WUSA9.com - January 31st, 2023 [January 31st, 2023]
- Virtual reality training content launched for footwear and leather sector - The Hindu - January 31st, 2023 [January 31st, 2023]
- Texas A&M researchers are using multisensory virtual reality to help NASA astronauts - KAGSTV.com - January 31st, 2023 [January 31st, 2023]
- Hollywoods Virtual Reality Guru and American Millionaire Expanded His Soccer Portfolio to Europe With a Deal Worth $940 Million - EssentiallySports - January 8th, 2023 [January 8th, 2023]
- TikTok owner ByteDance takes first step into virtual reality with ... - December 26th, 2022 [December 26th, 2022]
- Virtual Reality inspires students to think about long-term careers - Turn to 10 - December 21st, 2022 [December 21st, 2022]
- Virtual Reality Arcade with Best VR Game Experiences - Main Event - December 12th, 2022 [December 12th, 2022]
- Virtual Reality - reddit - November 16th, 2022 [November 16th, 2022]
- The Future Of Virtual Reality (VR) - Forbes - November 16th, 2022 [November 16th, 2022]
- Virtual Reality (VR) For Professional Workflows | NVIDIA - October 28th, 2022 [October 28th, 2022]
- Virtual reality in fiction - Wikipedia - October 28th, 2022 [October 28th, 2022]
- Meta will release a new consumer-grade VR headset next year - TechCrunch - October 28th, 2022 [October 28th, 2022]
- Virtual Reality [VR] Market Size & Share | Forecast Report, 2029 - October 25th, 2022 [October 25th, 2022]
- Virtual Reality in the Healthcare Industry - VISUALISE - October 25th, 2022 [October 25th, 2022]
- Virtual Reality vs. Augmented Reality vs. Mixed Reality - Intel - October 25th, 2022 [October 25th, 2022]
- Applications Of Virtual Reality - Virtual Reality Society - October 25th, 2022 [October 25th, 2022]
- The Global Augmented Reality & Virtual Reality In Manufacturing Market size is expected to reach $27.9 billion by 2028, rising at a market growth... - October 25th, 2022 [October 25th, 2022]
- We Met in Virtual Reality Explores the Potential of the Metaverse - Seven Days - October 19th, 2022 [October 19th, 2022]
- What If the Metaverse Is Better Without Virtual Reality? - WIRED - October 19th, 2022 [October 19th, 2022]
- XRHealth and HTC Introduce The First Distraction Therapy Virtual Reality Platform to Improve Patient Experience During Painful or Anxiety Provoking... - October 19th, 2022 [October 19th, 2022]
- Department of Corrections Introduces Virtual Reality Technology to Augment Programming for Incarcerated Parents and Their Children - Pennsylvania... - October 19th, 2022 [October 19th, 2022]
- Arden Bendler Browning conquers virtual reality, Luve More LC + Thinkers Makers Society, and opportunity - theartblog.org - October 19th, 2022 [October 19th, 2022]
- How Virtual or Augmented Reality Can Help Your Packaging Line - Packaging Digest - October 19th, 2022 [October 19th, 2022]
- A marriage of virtual reality and physical therapy: Immergo Labs emerges from its UCSC roots - Lookout Santa Cruz - October 19th, 2022 [October 19th, 2022]
- Senior living residents explore the world through virtual reality - Rocky Mountain PBS - October 19th, 2022 [October 19th, 2022]
- Orthopedic Residency Program and PrecisionOS Team up For Exclusive 3-Year Collaboration: Virtual Reality Development and Curriculum Integration - PR... - October 19th, 2022 [October 19th, 2022]
- 6 Insightful Construction XR Cases to Read in 2022 - XR Today - October 19th, 2022 [October 19th, 2022]
- Video footage emerges from an MMA event that put virtual reality users into the thick of the fighting action - Yahoo News - October 19th, 2022 [October 19th, 2022]
- Carmack: Theres a bunch that Im grumpy about in virtual reality - Ars Technica - October 19th, 2022 [October 19th, 2022]
- The Peripheral Co-Creator on the Shows Line Between Reality & Virtual Reality - TV Insider - October 19th, 2022 [October 19th, 2022]
- Clarkson's Dr. Dana Barry Gave a Presentation at International Conference in Italy - Clarkson University News - October 19th, 2022 [October 19th, 2022]
- Apple VR glove with finger- and hand-tracking patent hints at companion accessories for the "Reality Pro" headset - Notebookcheck.net - October 19th, 2022 [October 19th, 2022]
- Virtual reality spectacle of 2010 sockeye run returns to Shuswap Salmon Arm Observer - Salmon Arm Observer - October 19th, 2022 [October 19th, 2022]
- The virtual reality push brings together Microsoft, Meta and the art of war - Stuff - October 19th, 2022 [October 19th, 2022]
- What Is Virtual Reality All About? - Oculus VR - September 20th, 2022 [September 20th, 2022]
- What Is Virtual Reality? | Tech & Learning - September 20th, 2022 [September 20th, 2022]
- 10 Advantages And Disadvantages Of Virtual Reality (2022) - September 20th, 2022 [September 20th, 2022]
- Insights on the Tactile Virtual Reality Global Market Research Report to 2027 - Growing Advancements in Virtual Reality Products & Rising... - September 20th, 2022 [September 20th, 2022]
- Each guest experience will be different: VR and the future of theme parks - The Guardian - September 20th, 2022 [September 20th, 2022]
- Get your own personal holodeck with the HP Reverb G2 VR headset, now over $100 off at Amazon - Space.com - September 20th, 2022 [September 20th, 2022]
- Highway workers got a dose of virtual reality to help keep them safe - WVXU - September 20th, 2022 [September 20th, 2022]
- IDC Tracker Sees a Long Road Ahead for Augmented Reality Headsets - Business Wire - September 20th, 2022 [September 20th, 2022]
- Anti-virtual reality note included with Northeastern explosive package - GBH News - September 20th, 2022 [September 20th, 2022]
- Virtual Reality (VR) Headset Market Projected to Hit USD 57.65 Billion at a 28.50% CAGR by 2030 - Report by Market Research Future (MRFR) -... - September 20th, 2022 [September 20th, 2022]
- Perspectus and The University of Charleston Offer Next Generation Virtual Reality Education Lab - Business Wire - September 20th, 2022 [September 20th, 2022]
- Virtual reality: Veteran on virtual trips around the world - VA News - Veterans Affairs (.gov) - September 20th, 2022 [September 20th, 2022]
- Malden Dancer Part Of Upcoming Augmented Reality Dance Project - Patch - September 20th, 2022 [September 20th, 2022]
- Cognitive load, fatigue and aversive simulator symptoms but not manipulated zeitgebers affect duration perception in virtual reality | Scientific... - September 20th, 2022 [September 20th, 2022]
- The Joys and Horrors of Virtual Reality in Anime - Otaku USA Magazine - September 20th, 2022 [September 20th, 2022]
- Robot skull measures VR and AR headsets from any angle - MIXED Reality News - September 20th, 2022 [September 20th, 2022]
- Why VR could be the new dawn of pain, anxiety management - MedCity News - September 20th, 2022 [September 20th, 2022]
- Disney Releases First AR Short Film; Is Virtual Reality the Future of Streaming at Disney+? - The Streamable - September 20th, 2022 [September 20th, 2022]
- virtual reality gaming (VR gaming) - WhatIs.com - September 2nd, 2022 [September 2nd, 2022]
- Worlds Most Immersive Virtual Reality Experience, Sandbox VR, is Coming Soon to Park Meadows - Yahoo Finance - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality Becomes Actual Reality for Title I Schools Across the Nation - PR Newswire - September 2nd, 2022 [September 2nd, 2022]
- Why is VR so important to the metaverse? - Verdict - September 2nd, 2022 [September 2nd, 2022]
- Worldwide Virtual Reality in Gaming Industry to 2027 - Rising Research Activities in the Field of VR is Driving Growth - Yahoo Finance - September 2nd, 2022 [September 2nd, 2022]
- Clocking In at the Virtual Reality Kmart - WIRED - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality Market to Register Impressive Expansion of - GlobeNewswire - September 2nd, 2022 [September 2nd, 2022]
- Welcome to the iDome: Concept offers virtual-reality riding therapy without a headset - Horsetalk - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality for Diversity and Inclusion - ATD - September 2nd, 2022 [September 2nd, 2022]
- Meta's 'Project Cambria' Virtual Reality Product to Launch This Fall - The National Interest Online - September 2nd, 2022 [September 2nd, 2022]
- Could virtual reality be the future of poultry health? - Food Safety News - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality: Taking the Online Dating Game to New Heights - TechSpective - September 2nd, 2022 [September 2nd, 2022]
- POSITIVE VIBES: The positive vibes of virtual reality - Finger Lakes Times - September 2nd, 2022 [September 2nd, 2022]
- Planning Commission to hear request for virtual reality arcade in downtown Carson City - Carson Now - September 2nd, 2022 [September 2nd, 2022]
- The Impact of Augmented Reality on the Gaming Industry in India - GLYFE Nation - September 2nd, 2022 [September 2nd, 2022]
- Oshkosh PD: Virtual reality simulator is proving to be a useful tool - WGBA NBC 26 in Green Bay - September 2nd, 2022 [September 2nd, 2022]