AR VR Chip Market Size is Expected to Grow $7.75 Billion by 2026, Increase in Demand in Gaming Vertical Boosted the Growth

As per the report published by Allied Market Research, the global AR/VR chip market accounted for $1.38 billion in 2018, and is estimated to reach $7.75 billion by 2026, growing at a CAGR of 23.3% from 2019 to 2026.

Increase in demand for AR/VR chip in gaming vertical and surge in need for adoption of AR/VR in various applications have boosted the growth of the global AR/VR chip market. The healthcare segment is anticipated to portray the highest CAGR of 27.8% during the study period. On the other hand, the market across Asia-Pacific held the largest share in 2018, accounting for more than half of the market.

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The key players 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 have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their AR/VR chip market share.

The global AR/VR chip market is segmented on the basis of type, device type, end user, and geography. Based on type, the market is categorized into processor ICs, user interface ICs, and power management ICs. The processor ICs segment dominated the market in 2018, accounting for more than half of the market. Moreover, the segment is expected to register the highest CAGR of 24.1% during the forecast period.

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On the basis of device type, the market is categorized into head-mounted display, head-up display, handheld device, gesture tracking device, and projector & display wall. The head-mounted display segment held the largest share in 2018, accounting for more than half of the market. However, the head-up display segment is projected to manifest the fastest CAGR of 25.2% during the forecast period.

Based on end user, the market is divided into gaming, entertainment & media, aerospace & defense, healthcare, and others. The healthcare segment is anticipated to portray the highest CAGR of 27.8% during the study period. However, the gaming segment contributed the largest share in 2018, accounting for more than two-fifths of the market.

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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.

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 Market Players

• 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
• Huawei Technologies Co. ltd.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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