Global Augmented Reality & Mixed Reality Market Analyis and Forecasts, Featuring Key Player Profiles Including Magic Leap, Acer, Dell and Zappar
DUBLIN, May 21, 2020 /PRNewswire/ -- The "Augmented Reality & Mixed Reality Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
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The augmented reality & mixed reality market is valued at USD 2.98 billion in 2019, and is expected to reach USD 27.44 billion by 2025, registering a CAGR of 44.74%, over the forecast period (2020 - 2025). The world is fully engrossed with the two technologies, Virtual Reality (VR) and Augmented Reality (AR). An incredible merger of these two has come into existence, which adds icing to the cake, which is an extended reality, known as mixed reality. It is a seamless intersection between Augmented Reality and Virtual Reality and combines the best of both virtual worlds
Although the initial technology was focused on gaming and entertainment, mixed reality has found applications across a diverse range of industries, including education and training. Companies are incorporating AR and MR technologies to provide training without the need for training equipment.
The major factors driving the growth of the market is the growing demand for high-end consumer electronics market, and the introduction of low-cost devices and the increasing purchasing power in developing countries. However, the high setup costs and the unavailability of batter backups might hinder market growth. The market is also poised with several challenges to the adoption of mixed reality as the next future disruption.
Augmented reality and Virtual reality are no longer buzzwords in the technology industry. However, an amalgamation of both the technologies, which is an extended reality, known as mixed reality, is set to disrupt the future of the technological industry. Mixed reality combines the best of both the technologies and is set to create an incredible face of the future of the digital world.
Key Market Trends
-- Due to the various advancements in the gaming industry, the significant
technologies which are earning a lot of market attention are Virtual
Reality (VR), Augmented Reality (AR), and Extended Reality, i.e., Mixed
Reality (MR). For an avid gamer, nothing could be more exciting than the
prospect of being transported inside the game, battling demons, aliens,
and spies, exploring amazing environments beyond imagination.
-- One of the most popular application of Augmented reality was
demonstrated in the game Pokemon Go in 2016, where players targeted to
search for virtual creatures on their smartphones. Another one is
Playstation VR, which is a console for playing Virtual Reality based
games.
-- The two technologies, AR and VR collectively, have already created
scenarios that once seemed impossible, by years of innovations. For
instance, products like the Oculus Go will allow users to download
games, apps, and other experiences right from their phone and sync the
games to the headset itself, eliminating the need to connect it to a
VR-ready computer, which was required by Oculus Rift.
-- However, with the introduction of mixed reality, the major factors
driving the mixed reality in gaming market is unceasing growth of the
gaming industry. Mixed reality in gaming provides an immersive virtual
environment and enables gamers to experience virtual reality on their
gadgets. For example, the launch of Microsoft Hololens motion
controllers and developer kits is serving to aid market players to
stimulate the development of mixed reality in gaming.
-- Furthermore, the increasing adoption of mixed reality in gaming
technology in amusement parks and military training is likely to
stimulate the application of mixed reality in the gaming industry. For
instance, the large theme parks in developed countries such as the U.S.
are making hefty investments to integrate mixed reality in gaming
technology to provide an immersive gaming experience. Brand name theme
parks are also investing to design and develop mixed reality in gaming
technology-based theme parks.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
5 TECHNOLOGY SNAPSHOT
6 MARKET SEGMENTATION
6.1 By Component
6.2 By Deployment Model
6.3 By End-user Industry
6.4 Geography
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
8 INVESTMENT OPPORTUNITIES
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned
-- Magic Leap, Inc.
-- Acer, Inc.
-- Dell, Inc.
-- Microsoft Corporation
-- Samsung Electronics
-- Lenovo Group Limited
-- H.P. Company
-- Asus Tek Computer, Inc.
-- Zappar
For more information about this report visit https://www.researchandmarkets.com/r/p9dzf7
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