AR and VR Worldwide Market Trends
In a press release this week, analysis by Big Market Research is revealed on the Global Augmented Reality and Virtual Reality Gear Market which is set to grow at a compound annual growth rate of 37.45% during the period 2017-2021.
The market report covers present and future prospects and has calculated the market size by considering the unit shipment of each device and is multiplied by the average selling price.
Geographical areas covered include America, APAC and AMEA.
The main vendors operating in this market are the following:
- BAE Systems
- Samsung Electronics
Some key questions that have been answered in this report are key trends, drivers, strengths and weaknesses of the key vendors, market opportunities, size and growth rate.
A further report this week by Wise Guy Reports, suggested the CAGR would be 58.3% to 2022 and that the major players are:
Google Inc. Qualcomm Inc., Oculus VR, LLC, Magic Leap, Inc., Osterhout Design Group (ODG), Cyberglove Systems LLC., Samsung Electronics Co., Ltd., Microsoft Corporation, Blippar Inc., Meta Company, Qualcomm Inc., Vuzix Corporation, Infinity Augmented Reality Inc. and Metaio GmbH.
Head mounted Display (HMD) in device type segment is expected to be the largest market among those because of increasing gaming, entertainment and medical applications in vertical segment. North America in geography segment is estimated to be the largest revenue generating market because of main IT & technological base and Asia pacific is estimated to be the fastest emerging market. A sample of that report (by Wise Guys) can be accessed here.