Augmented Reality and Virtual Reality (AR & VR) Market Size is Expected to Reach USD 571.42 Billion by 2025 | Valuates Reports - Seite 3

This study presents the analytical representation of the global market for automotive AR and VR, along with current trends and future estimates to depict the imminent pockets of investment.

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• MIXED REALITY MARKET

Global Mixed Reality Market is expected to hit USD 5,3621 Million by 2024, rising by 71.6% (2018-2024) of the CAGR.

The market is driven by the increase in consumer electronics, growth in the transition to mixed reality in the gaming and entertainment industry, and demand for mixed reality by the education sector. The technology, however, is not so common among consumers, and is also expensive, limiting the growth of the mixed reality market.

The global market for mixed reality is segmented according to components, applications, devices, and geography. It is bifurcated by components into hardware and software. It is divided by application into manufacturing, aerospace and defense, medical, engineering, consumer electronics, and others. The goal of the report is to provide an in-depth analysis of the mixed reality market in North-America, Europe, Asia-Pacific, and LAMEA.

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• VIRTUAL REALITY MARKET

Global Virtual Reality Market Size is increasing with a CAGR of 34.5 percent over the 2019 to 2025 forecast period.

Virtual reality (VR) is an immersive computer-generated experience in a simulated environment that primarily combines auditory and visual input, but also other forms of sensory feedback such as haptic. 

North America is expected to hold the largest size of the market for virtual reality, while the Asia-Pacific market is estimated to expand at the highest rate. Countries in the APAC region such as China, India, Japan, and South Korea are experiencing a huge demand for head-mounted gaming device displays, which in turn is causing the growth of the virtual reality market.

Virtual Reality Market Report presents the sales volume, revenue, market share, and growth rate for each main enterprise, and also covers breakdown data (sales, revenue, and market share) by area, size, and device. 

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• AR AND VR IN HEALTHCARE MARKET

The healthcare sector profits from VR and AR in many areas, including medical professional's education and training, improved patient care and treatment, lifestyle and wellbeing management, surgical preparation, telementoring, and more.