According to a new market report published by Lucintel, the future of the extended reality display market looks promising with opportunities in the retail, education, industrial & manufacturing, healthcare, media & entertainment, gaming, aerospace & defense industries. The global extended reality display market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 27% from 2020 to 2025. The major drivers for this market are rising investment in extended reality market, adoption of augmented reality (AR)/virtual reality (VR), launch of 5G network, and high usage of smartphones, connected devices.
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In this market, extended reality display are used in virtual reality, augmented reality, and mixed reality. Augmented reality application will remain the largest segment because of the high demand for AR devices and applications in the healthcare, retail, and e-commerce industries.
Within the extended reality display market, gaming will remain the largest end use industry during the forecast period due to increasing adoption of immersive technologies in the gaming industry, along with the rising investment by key players.
North America will remain the largest region during the forecast period due to increasing adoption of extended reality display in education and aerospace industry. Presence of major players in the region with increasing investment in the technology will further drive the market.
Accenture plc, Adobe Inc., Qualcomm Incorporated, Unity Technologies and Microsoft Corporation are among the major extended reality display manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global extended reality display market by component, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Extended Reality Display Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global extended reality display market by component, application, end use industry, and region as follows:
By Component [$M shipment analysis for 2014 – 2025]:
Hardware
Software
Services
By Application [$M shipment analysis for 2014 – 2025]:
Virtual Reality
Augmented Reality
Mixed Reality
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Retail
Education
Industrial & manufacturing
Healthcare
Media & Entertainment
Gaming
Aerospace & Defense
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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