AR VR Chip Market by 2026 is Ready for Future Growth after COVID-19 Pandemic | Qualcomm Technologies Inc., NVIDIA Corporation, Imagination Technologies Limited, MEDIATEK Inc., Intel Corp

Allied Market Research published a new report, titled, “AR/VR Chip Market by Chip Type (Processor ICs, User Interface ICs, and Power Management ICs), Device Type (Head Mounted Display, Head Up Display, Handheld Device, Gesture Tracking Device, and Projector & Display wall), and End User (Gaming, Entertainment & Media, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026”.

According to this report, the global AR/VR chip market size was $1.38 billion in 2018, and is projected to reach $7.76 billion by 2026, registering a CAGR of 23.3% from 2019 to 2026.

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Top Players Profiled in the report:

The key AR/VR chip market leaders profiled in the report include 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.

These key players adopted several strategies such as new product launch and development, acquisition, partnership & collaboration, and business expansion to increase their AR/VR chip market share.

Key Benefits for Stakeholders:

• This study includes the analytical depiction of the global AR/VR chip market outlook along with the current trends and future estimations to determine the imminent investment pockets.

• The market size is determined to understand the profitable trends to gain a stronger foothold.

• The report presents information related to key drivers, restraints, and opportunities with a detailed impact on the AR/VR chip market analysis.

• The current AR/VR chip market forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.

• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the AR/VR chip industry.

• The report includes the AR/VR chip market trends and market share of key vendors.

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AR VR Chip Market: Growth Drivers, Challenges and Opportunites

Augmented reality is a technology that uses the existing user’s environment and overlays the digital or virtual content or information over it. Augmented reality applications are developed on special 3D programs that enable developers to integrate contextual or digital content with the real world. While virtual reality is a computer-generated 3D environment—which completely immerses end users in an artificial world without seeing the real world.

Augmented and virtual reality technologies can be used for collaborative seminars, meetings, public lectures, flight training, military training, training for nurses and medical professionals, and self-learning process. Further, to introduce enhanced products or solutions key players are anticipated to emphasize on product innovation through continuous investment in product development.

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The AR/VR chip market growth is driven by rise in demand for AR/VR chip in gaming vertical, cost-efficient benefits of augmented and virtual reality based solutions, and surge in need for the adoption of AR/VR in various applications. However, resistance to adopt the augmented and virtual reality technology and lack of investments in R&D restrain the growth of the market.

Furthermore, technological advancements and introduction of industry-specific solution offer lucrative opportunities for the market growth. The market for AR/VR chip in commercial sector is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities.

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Global AR/VR Chip Market Segmentation:

By Chip Type

• Processor ICs
• User Interface ICs
• Power Management IC

By Device Type

• Head Mounted Display
• Gesture Tracking Device
• Projector & Display Wall
• Head Up Display
• Handheld Device

By End User

• Gaming
• Entertainment & Media
• Aerospace & Defense
• Healthcare
• Others

By Region

• North America

o U.S.
o Canada
o Mexico

• Europe

o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia-Pacific

o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific

• LAMEA

o Latin America
o Middle East
o Africa

Key Findings of the Study:

• By chip type, the processor ICs segment generated the highest revenue in the AR/VR chip market in 2018.

• By device type, the head mounted display segment generated the highest revenue in the market in 2018.

• By end user, the gaming segment generated the highest revenue in the AR/VR chip industry during 2018.

• By region, Asia-Pacific generated the highest revenue in the AR/VR chip market in 2018.

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