BOSTON, Sept. 29, 2022 /PRNewswire/ -- Virtual,
augmented, and mixed reality (VR/AR/MR) devices promise to
revolutionize the way we interact, acting as gateways to the
metaverse. Despite these technologies already achieving limited
adoption, extensive headset hardware development is required to
meet the demands of becoming a ubiquitous computing platform.
The new IDTechEx report, "Virtual, Augmented and Mixed Reality
2023-2033: Technologies, Players, and Markets", analyzes the future
of this hardware development. IDTechEx has been covering this
industry since 2015, staying close to the technical and market
developments, interviewing key players worldwide, attending
numerous conferences and delivering multiple consulting projects:
this experience is utilized to analyze the market, identify
technological trends and opportunities, and forecast VR/AR/MR
headset industry's growth at a CAGR of 13% to 2033.
The Evolving Role of XR
VR devices replace the real environment with virtual content,
whereas AR devices overlay content on top of the real world.
MR-capable AR devices blur the line between the real and digital
worlds, with overlaid virtual content interacting with real
objects. Collectively, these technologies are referred to as
eXtended Reality (XR).
IDTechEx's report analyzes the changing applications XR devices
will see and their effects on design and hardware demands. For AR,
the largest change is expected to be renewed attempts to crack the
historically difficult consumer market with initial targeting by
more niche devices on the route to the eventual hope of replacing
the smartphone. For VR, a near-term trend will be efforts to find
new consumer use-cases outside of gaming, to find growth outside of
this crowded market.
The report contains breakdowns of the VR and AR application
space today and in 2033, examining the effects of this evolution.
Working from its database of technical and pricing data for the
majority of XR headsets released since 2010, IDTechEx quantitively
analyzes the history of these trends, informing conclusions on the
development of market segmentations, development path and
innovation gaps in displays, optics and sensing, and acting as a
key input to IDTechEx's market forecasts.
Industry Overview and Market Forecasts
Numerous profiles of players across the XR industry, from
component manufacturers to content developers, form the bedrock of
IDTechEx's view of its landscape, alongside its attendance of
conferences including Laval Virtual Europe, CES and Augmented World
Expo in 2022/21. These not only enable IDTechEx's report to offer
qualitative insight into the changing status of the XR hardware
market, which is seeing growing investment from major tech firms
but form one of many data inputs into IDTechEx's forecasting
process.
These forecasts divide the XR headset market into six granular
categories, predicting it to surpass US$20
billion by 2033. Furthermore, they forecast the development
of the componentry industry, with 18 different granular categories
overall, as well as the adoption of XR accessories. Discussion of
the methodology behind and implications of these forecasts helps
build out a comprehensive picture of the market's development.
Componentry, Connectivity, and Computing
Without an understanding of the crucial componentry for XR
headsets it is difficult to evaluate the path of hardware
development here as a whole. As such, the report outlines the
technological and industrial landscape for XR optics, displays,
sensors (including for positional and eye tracking), and haptics.
The implementation and consequences of new computing systems and
connectivity standards in XR devices are detailed.
The IDTechEx report, "Virtual, Augmented and Mixed Reality
2023-2033: Technologies, Players, and Markets", assesses the
XR market in considerable detail, based on technology benchmarking,
hands-on experience of major products from events, analysis of
industrial data and more. The report includes multiple company
profiles based on interviews with major players across the
different technologies. IDTechEx also develop granular 10-year
market forecasts and assessments of the potential for success of
the technologies covered. To find out more about this report,
including downloadable sample pages, please visit
www.IDTechEx.com/ARVR.
About IDTechEx
IDTechEx guides your strategic business decisions through
its Research, Subscription and Consultancy products, helping you
profit from emerging technologies. For more information,
contact research@IDTechEx.com or
visit www.IDTechEx.com.
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Media Contact:
Natalie Fifield
Digital Marketing Manager
press@IDTechEx.com
+44(0)1223 812300
Social Media Links:
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LinkedIn: https://www.linkedin.com/company/idtechex/
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