Augmented reality Your browser does not support the audio element. [New] Today, 171 million people are using VR technology; The combined market of AR/VR is expected to reach $16.8 billion in 2019; VR gaming revenue is forecast to touch $22.9 billion by 2020. [New] The global AR and VR Software Market is expected to witness a promising growth in the next few years. The market for Augmented Reality (AR) and Virtual Reality (VR) immersive collaboration solutions will exceed US$ 400 million by 2025, up from less than US$ 12 million in 2019. Worldwide spending on commercial virtual reality is expected to grow to $7.1 billion this year, up $4.5 billion in 2019. Shipments of VR and AR headsets are expected to increase in coming years with each device forecast to sell over 30 million units in 2023. In 2019, the virtual reality hardware market is valued at 4.4 billion U.S. dollars and forecast to reach ten billion U.S. dollars by 2022. The global Augmented Reality and Virtual Reality Platform market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2026. Augmented Reality (AR) is set to add more than $1 trillion to the global economy and £62.5bn to the UK economy in the next decade. Apple is believed to be working on some kind of AR headset dubbed Apple Glasses, expected to launch within the next 2-3 years. The virtual reality market was worth $5.12 billion in 2017, and by 2023, the market will reach $34.08 billion. 5G is predicted to generate more than $140 billion in revenue from augmented reality (AR) and virtual reality (VR) application between 2021 and 2028. The demand for augmented reality in healthcare will undoubtedly grow, as a recent Grand View Research report predicts a 23% CAGR growth for the global market for AR by 2025. Virtual Reality is a fast-growing industry, it was estimated that over 200 million headsets will have been sold by end of 2020, with the market value for both VR hardware and software reaching well over $20 billion by then. Almost 10 per cent of industrial smart glasses and standalone Virtual Reality (VR) devices will have a 5G connection by 2026. Worldwide shipments of Augmented Reality (AR) and Virtual Reality (VR) headsets are forecast to decline in the first half of 2020 due to supply chain disruptions caused by the COVID-19 outbreak. While augmented and virtual reality solutions are expected to remain the top investment, artificial intelligence solutions may reach the second level in the coming years according to analysts. Middle East & Africa, and South American countries are expected to contribute less to the VR and AR market in the coming years as compared to other regions. App-less augmented reality, or WebAR is becoming increasingly prevalent in the digital world, so much so that the AR market is currently valued at around $16.6 billion and is predicted to grow to approximately $198 billion by 2025. North America is expected to have a leading share in the Augmented Reality Market over the coming years. The number of AR users around the globe will reach 2.5 billion in the next three years. The market for augmented reality technologies will soar to $100 billion by 2024, driven by advances in interaction between the user and AR devices. In 2025, the global automotive AR and VR market is forecast to reach about 673 billion U.S. dollars, with a CAGR of 175.7 percent from 2018 to 2025. See full forecast Last updated: 05 July 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
