Lucintel Forecasts AR/VR Chip Market to grow at a CAGR of 22% to 24% from 2021 to 2026

According to the recent study the AR/VR Chip Market is projected to grow at a CAGR of 22% to 24% from 2021 to 2026. Growth in this market is primarily driven by growth in demand for AR/VR chips in the gaming sector, cost-efficient benefits of augmented and virtual reality based solutions, and adoption of AR/VR in various applications.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in AR/VR chip market by device type (head mounted displays, gesture tracking devices, projector & display wall, head up displays, and handheld devices), end use industry (gaming, entertainment & media, aerospace & defense, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Handheld devices market is expected to remain the largest segment during the forecast period.”
Based on device type, the AR/VR chip market is segmented into head mounted displays, gesture tracking devices, projector & display wall, head up displays, and handheld devices. Lucintel forecasts that the handheld devices market is expected to remain the largest segment due to electronic devices and computing devices that could easily be held in one’s palms, with surge in users of AR/VR end use industry in gaming and computing.
“Within the AR/VR chip market, the gaming segment is expected to remain the largest end use industry”
Based on end use industry the gaming segment is expected to witness the highest growth over the forecast period due to shift in user’s interest towards AR/VR games and increasing number of game users.
“Asia pacific will dominate the AR/VR chip market in near future”
Asia Pacific will remain the largest region during the forecast period due to growing use of mobile devices, such as smartphones, significant increase in number of game users, and increasing awareness of the technology change.
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Major players of AR/VR chip market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Qualcomm Technologies Inc., NVIDIA Corporation, Imagination Technologies Limited, MEDIATEK Inc., Intel Corporation, Spectra 7, Advanced Microdevices Inc, International Business Machine Corporation, Samsung Electronics Co. Ltd, and Huawei Technologies Co. ltd. are among the major AR/VR chip providers.
This unique 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 click on this link https://www.lucintel.com/ar-vr-chip-market.aspx or helpdesk@lucintel.com
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