Press release
Global Extended Reality Market Outlook To 2029 - A Roadmap To Market Opportunities, Strategies, Trends, Companies, And Forecasts By Type, Application
Global Extended Reality Market was valued at USD 45.82 billion in 2021 and is expected to reach USD 387.05 billion by the year 2028, at a CAGR of 35.64%.
Extended Reality (XR) is a universal term for all immersive technology. A mixture of graphical technologies, including virtual reality, augmented reality, and mixed reality, is known as extended reality. It makes use of software and headgear that deliver genuine sounds and sights to turn a virtual environment into an interactive one. Nowadays, it is applied in a number of corporate hiring practices, such as onboarding, and staff training.
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Market Dynamics:
Driver:
The application of augmented reality in the healthcare industry creates new potential for medical practitioners and has a bright future, particularly for modern healthcare institutions. The application of augmented reality technology in the healthcare sector is lowering costs and increasing outcomes for individuals without endangering patients' lives. Extended reality technology can assist surgeons in exploring target organs by visualizing the intricacies of a patient's body before beginning any medical treatment, making it a risk-free practice. For instance, conjoined twins were successfully separated in May 2017 at the Children's Hospital of the University of Minnesota (US) using extended reality technology to visualize the connective tissue connecting the twins' hearts.
Opportunities:
The adoption of extended reality technology has been gaining momentum in both personal and professional applications. The advent of the 5G technology is expected to address some challenges by paving the way for optimized distribution of processing capabilities. Several cities in South Korea, China, and the United States have already started using 5G technology. These countries include South Korea, China, and the United States. A substantial amount of capital is being invested on a global scale in order to roll out 5G networks in every region of the world.
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The Report Will Include A Major Chapter
•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Type:
•AR Technology
•VR Technology
•MR Technology
By Application:
•Consumer
•Commercial
•Enterprise (Manufacturing)
•Healthcare
•Aerospace & Defense
•Energy
•Automotive
•Others
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By Region:
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)
Key Players For The Global Extended Reality Market
•Microsoft (US)
•Sony (Japan)
•Oculus VR (Facebook) (US)
•HTC (Taiwan)
•Google (US)
•Samsung Electronics (South Korea)
•Apple (US)
•PTC (US)
•Seiko Epson (Japan)
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Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Extended Reality Market by Type
5.1 Extended Reality Market Overview Snapshot and Growth Engine
5.2 Extended Reality Market Overview
5.3 AR Technology
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 AR Technology: Grographic Segmentation
5.4 VR Technology
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 VR Technology: Grographic Segmentation
5.5 MR Technology
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 MR Technology: Grographic Segmentation
Chapter 6: Extended Reality Market by Application
Continued…
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