AR and VR Display Market

Augmented Reality (AR) and Virtual Reality (VR) Display Market:

Global Augmented Reality (AR) and Virtual Reality (VR) Display Market is expected to grow to the value of USD 5.3 billion by the end of 2026, rising with a CAGR of 21.8% during the forecast period.

The AR and VR Display technology influences the reality experience. Low resolution or too heavy may diminish the experience of the user. These devices are mainly used for industrial purposes as well as for leisure purpose. 

In AR and VR Display Market, the primary driver for the growth of VR technology is the high adoption of VR head-mounted displays (HMDs). The AR and VR Display market is estimated to have a sharp increase during the forecast period. The cost of the devices is high, which could be a challenge for the global AR and VR Display market during the forecast period. North America AR and VR Display market is leading the global business as of now. But Asia Pacific is foreseen to rule in the coming years.

Recent Developments

• 5G mobile devices are to reduce latency to undetectable levels. Verizon has launched 5G Networks, where the stand-alone requires a robust 5G network
• Mapping of the real world to enable the persistent AR ‘mirror worlds’. Pokémon Go provides an introduction to the actual mirror world concept. The scanning accuracy of the device will improve in the coming years
• For full natural communication, eye-tracking and facial expressions are inbuilt. Companies like Pupil Labs and Tobii provide eye-tracking hardware add-ons and software to VR/AR headsets. 

AR head-up displays (HUDs) are likely to witness massive demand in the global AR and VR display market, as it brings the awareness in safe driving and advancements in technology. Computer Technology advancements and internet connectivity are driving the market for and are also predicted to drive the demand further for AR and VR displays. The increasing demand from younger demographics has been the active promoter for the expansion of this technology. The augmenting demand in several end-user applications like real-estate, automotive and others has created an enormous opportunity for the development of the AR and VR technologies, which directly boosts the global AR and VR display market.

The factors that restrain the growth of the market are the availability of restricted content, deployment of full-screen alternative, and high prices involved in their purchase.

REPORT COVERAGE

Segmentation of AR and VR Display Market with evaluated size, growth & Forecast until 2025.

AR and VR Display Market Device: By Type

• Head-Mounted Device (HMD)
• Head-Up Display (HUD)
• Projector

VR HMD is leading the global AR and VR Display market and will continue the same trend during the forecast period. The gaming and entertainment sector is the primary driver for the growth of VR HMDs is consumer space.

AR and VR Display Market: By Technology

• AR
• VR

AR and VR Display Market: By Application

• Consumer
• Enterprise
• Healthcare
• Commercial
• Aerospace & Defense

Enterprise applications lead the global AR and VR display market as it helps in reducing human errors, reduce expenditure and improves efficiency.

AR and VR Display Market: Region

The AR and VR Display Market Report includes the segmentation of Regions with their respective Countries.

• North America AR and VR Display Market includes U.S, Canada

• Europe AR and VR Display Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

• Asia Pacific AR and VR Display Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

• Latin America AR and VR Display Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

• Middle East & Africa AR and VR Display Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

North America is leading the global AR and VR display market in terms of the revenue with around USD 4.4 billion in 2019. The early adoption of this technology in end-user applications, the presence of key players and their increasing investments are resulting in the market dominion of this region. Europe is another promising area for investments in the global business.

The Asia Pacific (APAC) region is predicted to witness the highest growth rate in the foreseen years, with a market value close to USD 13.76 billion by 2024.

Key Players of AR and VR Display Market listed in the report are:

1. Barco NV
2. BOE Technology Group Co., Ltd.
3. CREAL3D
4. eMagin, Inc.
5. Kopin Corporation
6. LG Display Co Ltd
7. Samsung
8. Seiko Epson Corporation
9. Sony Corporation
10. Syndiant