The Extended Reality Display Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Extended Reality Display Market:
https://www.thebusinessresearchcompany.com/report/extended-reality-display-global-market-report
According to The Business Research Company’s Extended Reality Display Global Market Report 2024, The extended reality display market size has grown exponentially in recent years. It will grow from $1.52 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 34.7%. The growth in the historic period can be attributed to research and usability testing, gaming and entertainment, medical and healthcare applications, market research and advertising, human-computer interaction.
The extended reality display market size is expected to see exponential growth in the next few years. It will grow to $6.81 billion in 2028 at a compound annual growth rate (CAGR) of 35.1%. The growth in the forecast period can be attributed to expanded virtual reality (VR) and augmented reality (AR) applications, e-commerce and retail integration, health monitoring wearables, education sector adoption, smart devices and internet of things (iot). Major trends in the forecast period include application in neuromarketing, rise in wearable eye tracking devices, eye tracking in automotive design and driver monitoring, advancements in healthcare applications, remote work collaboration.
The rising usage of smartphones is expected to propel the growth of the extended reality display market going forward. Smartphones are advanced mobile phones that combine the functionality of a traditional mobile device with features typically found in computing devices. Extended reality displays are used in smartphones to seamlessly integrate digital information into the real world through augmented reality (AR) and mixed reality (MR). For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. Further, the UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the rising usage of smartphones is driving the growth of the extended reality display market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=13653&type=smp
The extended reality display market covered in this report is segmented –
1) By Display Type: Liquid Crystal Displays (LCD), Organic Light-Emitting Diode (OLED), Other Display Type
2) By Component: Hardware, Software, Services
3) By Solution: Business Engagement, Consumer Engagement
4) By Application: Augmented Reality, Mixed Reality, Virtual Reality
5) By End-User Industry: Gaming and Entertainment, Healthcare, Education, Military and Defense, Automotive and Manufacturing, Retail, Other End-Users
Major companies operating in the extended reality display market are focused on developing innovative technologies, such as spatial reality displays, to sustain their position in the market. Spatial Reality Displays are advanced display technologies designed to provide users with a more immersive and interactive experience by blending digital content with the physical world in three-dimensional space. For instance, in September 2023, Sony Corporation, a Japan-based conglomerate corporation, unveiled a new Spatial Reality Display. The display provides a 3D experience without the need for glasses or a VR headset. It features a 27-inch 4K resolution screen with a 100% Adobe RGB color gamut.
The extended reality display market report table of contents includes:
1. Executive Summary
2.Extended Reality Display Market Characteristics
3.Extended Reality Display Market Trends And Strategies
4.Extended Reality Display Market analysis
5.Extended Reality Display Market Size And Growth
6.Extended Reality Display Segmentation
7.Extended Reality Display Regional And Country Analysis
.
.
.
27.Extended Reality Display Competitive Landscape And Company Profiles
28.Extended Reality Display Key Mergers And Acquisitions
29.Extended Reality DisplayFuture Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Apple Inc.
- Alphabet
- Samsung Electronics Co. Ltd.
- Microsoft
- Meta Platforms Inc.
- Dell Technologies Inc.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Extended Reality Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the extended reality market include Augray Ltd., HTC Corporation, Microsoft Corporation, Northern Digital Inc., Qualcomm Technologies Inc., SoftServe Inc., Softweb Solutions Inc., SphereGen Technologies, and VertexPlus Softwares Pvt.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Extended Reality Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/extended-reality-market/download-sampleMarket DynamicsThe rising penetration of smartphones and mobile gaming is the significant factor that drives the extended reality market across the glob e. In addition, a rise in the adoption of augmented & virtual reality solutions in many diverse industries such as education, entertainment, and healthcare also boosts the market growth.
Moreover, the use of extended reality technology in the healthcare sector reduces costs, and improving outcomes for individuals without taking risking, propels the demand.
However, the lack of infrastructure and interoperability issues of immersive 3D graphics are some of the hindering factors for the growth of the market during the forecast period.
The report "Extended Reality Market with COVID-19 Impact Analysis by Technology (AR, VR, MR), Application (Consumer, Commercial, Enterprises, Healthcare, Aerospace and Defense), Offering, Device Type, and Region(North America, Europe, APAC) - Global Forecast to 2026", is expected to grow from USD 33.0 billion in 2021 to USD 125.2 billion by 2026, at a CAGR of 30.6%.
The market growth can be attributed to several factors, such as surging deployment of extended reality in education sector and industrial training, rising demand for extended reality devices and technology in global automotive industry, surging adoption of extended reality in healthcare sector, and increasing demand for extended reality in entertainment and gaming industry.
The growth of the VR devices segment of the market is expected to be led by HMD.
The consumer segment of the market comprises gaming and entertainment applications wherein AR technology is used to create 3D visual objects in the real world.
VR technology also offers remarkable results regarding visual effects when used in gaming and sports broadcasts.
Some of the key companies operating in the market are Microsoft (US), Sony (Japan), Oculus VR (Facebook) (US), HTC (Taiwan), Google (US), Samsung Electronics (South Korea), Apple (US), PTC (US), Seiko Epson (Japan), and so on.
