ARVR Market to reach $130.01 Billion By 2025
WhaTech posted an article reporting on a study by The Insight Partners which analyses the Augmented Reality and Virtual Reality market to 2025. The report segments the ARVR market into technology, components, end-user industry, and geography.
It is predicted that the ARVR market will reach $130.01 billion by the year 2025, compared to $4.25 billion in 2015. In addition, developments of Mixed Reality are said to boost ARVR usage, and VR is expected to lose market share to AR.
Component segments in the report are:
- Sensors
- Semiconductor components
- Others
- Geographical regions studied in the report are:
- North America
- Europe
- Asia-Pacific
- South Africa
End-user industries studied in the report include:
- Education
- Entertainment
- Medical
- Real Estate and Architecture
- Retail
- Industrial
- Aerospace and Defense
Key players in the market profiled in the report include:
- AREA member DAQRI
- AREA member Catchoom
- Microsoft Corporation
- Blippar
- Oculus VR
- Vuzix Corporation
- Marxent Labs LLC
In 2015, North America held the major share of the ARVR market, due to leading tech companies such as Microsoft and Google, Inc., as well as complex internet infrastructure. Europe was the second leader of the ARVR market in 2015, and was led by the UK; however, it is estimated that the UK will lose its share to Germany from 2016 to 2025. Asia-Pacific is predicted to grow at a rate of 47.7% until 2025.