NEW YORK , Jan. 27, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global augmented reality and virtual reality market size is estimated to grow by USD 442.9 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 50.22% during the forecast period. Growing demand for ar and vr technology is driving market growth, with a trend towards growing funding in startup AR and VR companies from investors.
However, high development costs associated with ar and vr apps poses a challenge. Key market players include Alphabet Inc., Apple Inc.
, Augmented Pixels Inc., Blippar Ltd., CyberGlove Systems Inc.
, Eon Reality Inc., HP Inc., HTC Corp.
, Innovega Inc., Lenovo Group Ltd., Magic Leap Inc.
, Maxst Co. Ltd., Microsoft Corp.
, PTC Inc., Samsung Electronics Co. Ltd.
, Seiko Epson Corp., Toshiba Corp., Vuzix Corp.
, Wikitude GmbH, and Zugara Inc.. Key insights into market evolution with AI-powered analysis.
Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver Augmented Reality (AR) and Virtual Reality (VR) markets are experiencing significant growth, driven by trends in 3D environments and models, 5G networks, and advanced technologies like AI and gesture-tracking devices. AR technology is gaining traction in commercial industries, including architecture, engineering, and manufacturing, with applications in consumer electronics, e-commerce, and entertainment. HMDs (Head-mounted displays) and heads-up d.
