Press release
Augmented Reality and Virtual Reality Market Share 2021 Strategies to Boost Growth, Development, Manufacturers, Industry Size, Trends with Covid-19 Impact till 2027 | Continental, HARMAN International, Microsoft, Visteon, Volkswagen, HTC, NVIDIA
During the projected period of 2021-2027, the "Augmented Reality and Virtual Reality Market" research describes in-depth the demand and consumption of numerous products/services connected to market growth dynamics. In terms of quantity, a complete market assessment of the numerous opportunities in the market segment is made. The Augmented Reality and Virtual Reality market are covered several areas, including constraints, problems, and opportunities, as well as geographical considerations. Customers will benefit from this study because it provides historical and statistically significant data, making it both helpful and instructional.In accordance with the Augmented Reality and Virtual Reality, the market is set to grow at a CAGR of 73.9% over the forecast period (2021-2027).
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Top Key players operating in the global Augmented Reality and Virtual Reality market are:
Continental, HARMAN International, Microsoft, Visteon, Volkswagen, HTC, NVIDIA, Unity, AutoVRse, Bosch, DENSO
Recent Developments
In March 2020, Epson America, Inc., a division of Seiko Epson Corporation of Japan, partnered with 3D HoloGroup (US), a company that specializes in AR software architecture and systems integration, to sell Epson’s AR glasses.
In June 2019, PTC acquired TWNKLS (Netherlands), a supplier of practical AR solutions for Industry 4.0, to accelerate the development of AR enterprise apps.
In May 2019, Microsoft launched the second-gen HoloLens, the HoloLens 2. The HoloLens 2 complete set includes free trials of Unity Pro, Azure credits, and the Unity PiXYZ Plugin for CAD data. The company also announced the Unreal Engine 4 support for HoloLens 2, which will leverage customers with a more realistic experience.
Major Augmented Reality and Virtual Reality Market Types covered are:
AR
VR
Major Augmented Reality and Virtual Reality Market Applications covered are:
Passenger Vehicle
Commercial Vehicle
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North America to Dominate the Market
The North American segment of the AR & MR market studied is expected to grow significantly over the forecast period, owing to the presence of a large number of vendors that are also making considerable investments in market innovation and strategic partnerships.
Globally, the United States is expected to be one of the highly innovative AR markets. Most of the companies advancing in this technology are based in the United States. High technology exposure and ease of availability of smart devices have created a strong AR market in the region.
Regional Analysis of Global Augmented Reality and Virtual Reality market:
The Augmented Reality and Virtual Reality Market research gives an in-depth analysis of market growth and other factors in key nations (regions), including:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
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Table of Contents: Augmented Reality and Virtual Reality Market
- Chapter 1: outline of Augmented Reality and Virtual Reality marketplace
- Chapter 2: worldwide market reputation and forecast through areas
- Chapter 3: worldwide marketplace popularity and forecast by using types
- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
- Chapter 5: marketplace riding issue evaluation
- Chapter 6: market opposition reputation by major producers
- Chapter 7: essential producers Presentation and market data
- Chapter 8: Upstream and Downstream marketplace investigation
- Chapter 9: Fetched and net part investigation
- Chapter 10: advertising reputation research
- Chapter 11: marketplace file end
- Chapter 12: research technique and Reference
Impact of COVID-19 on the Augmented Reality and Virtual Reality Market:
The upward push of COVID-19 has moderated showcase improvement; anyhow, the market is constantly selecting up-tempo due to growing lockdowns. The sudden increment in CAGR is thanks to the request and extension of this marketplace, which is functionality to return to pre-pandemic ranges once the large, is gone.
Customization Available: Global Augmented Reality and Virtual Reality Market
The Global Augmented Reality and Virtual Reality Market report may be modified to meet your specific business needs. because we recognize what our customers want, we provide 25% customization for any of our MID reports at no extra value to all of our customers.
About Us:
Market intelligence data may be a global front-runner within the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customised research reports.
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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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