In a recent published report, Kenneth Research has updated the market report for Augmented & Virtual Reality Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Augmented & Virtual Reality Market products.
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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.
A detailed report on Augmented & Virtual Reality Market has been published by Kenneth Research. The report has been categorized by growth indicators, market size and further encompasses detailed market analysis on macro trends. Additionally, the report also contains region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. Moreover, the report also offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
Global Augmented & Virtual Reality Market was valued at USD 12.36 Billion in the year 2017. Global Augmented & Virtual Reality Market is further estimated to grow at a CAGR of 54.91% from 2018 to reach USD 409.99 Billion by the year 2025. North America region holds the highest Market share in 2017 whereas Asia Pacific region is considered as the fastest growing Market in the forecasted period. At the country level, U.S. was the biggest Market in 2017 and it is projected to grow at a steady pace in the coming years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The major Market players in Augmented & Virtual Reality Market are Microsoft Corporation, Samsung Electronics Co. Ltd., Qualcomm Inc., Alphabet (Google) Inc., Apple Inc., NVIDIA Corporation and other 13 company’s information is provided in research report. Rising research and development costs for product innovations to address varying demand of the end users are driving this Market. Similarly, organic growth strategies adopted by most of Tier 1 and Tier 2 companies in last few years is also gaining popularity.
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Head Mounted Display for Augmented and Virtual Reality Market is projected to grow at the highest CAGR of XX% during the year 2018-2025. Head Mounted Display has the largest application base and it is widely used in medical and e-commerce.
By Device
Augmented Reality Devices:
Head Mounted Display
Handheld Device
Head up Display
Virtual Reality Devices:
Projector & Display Wall
Head Mounted Display (HMD)
Gesture Control Device
By Technology
Augmented Reality Technology:
Marker-Based Augmented Reality
Marker-less Augmented Reality
Virtual Reality Technology:
Semi-Immersive & Fully-Immersive Technologies
Non-Immersive Technology
By Component
Augmented Reality:
Augmented Reality Hardware Component
Augmented Reality Software Component
Virtual Reality:
Virtual Reality Hardware Component
Virtual Reality Software Component
By Application
Augmented Reality Applications:
Aerospace & Defense
Consumer
Commercial
Medical Verticals
Others
Virtual Reality Applications:
Commercial
Consumer
Medical
Industrial
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By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
ANSWERED TO THE FREQUENTLY ASKED QUESTIONS :
WHAT IS THE SCOPE OF THE REPORT?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
WHAT ARE THE KEY SEGMENTS IN THE MARKET?
*By product type
*By End User/Applications
*By Technology
*By Region
WHICH MARKET DYNAMICS AFFECTS THE BUSINESS?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Key Topic Covered in this Report
*Market Growth Opportunities
*Leading Market Players
*Market Size and Growth Rate
*Market Growth Drivers
*Company Market Share
*Market Trends and Technological
The Augmented & Virtual Reality Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Augmented & Virtual Reality Market before evaluating its possibility.
Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support
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