Impact of Covid-19 on Mixed Reality market 2019 [ PDF ] with CAGR of the End 2029 | DAQRI, Magic Leap, META COMPANY

Mixed Reality Market:

Mixed Reality or Merged Reality (MR) is a hybrid of Virtual Reality and Artificial Reality and aims to offer the best of both worlds. It uses a headset to see through a mounted translucent viewport or glass such as Google Glass and also projects visuals on top of the environment. Mixed Reality can be best demonstrated with the help of a real-life example — suppose a worker operates in his field wearing smart glasses, and he receives a diagnostic vision indicating that the system is malfunctioning. A skilled technician in another location provides the worker with detailed digital instructions for repairing the malfunction by walking him through the entire process.
Mixed Reality helps deliver actionable information across industries regardless of operating locations. It is a highly interactive technology as compared to Virtual Reality and Augmented Reality. It is capable of projecting persons, places, or scenarios as it would really appear in real-life. This eliminates the need for a hand-held device to operate with, rather life-like gestures can be operated with bare hands. Key companies such as Apple, Google, and Microsoft are leading the AR and MR technology and are expected to significantly contribute to market growth during the forecast period.

Determining the growth of Mixed Reality with precision amidst the growing dominance of AR and VR in the global market is unclear. However, the emergence of a technological solution that allows physical interaction with visuals without a remote controller or operating device is expected to bring new opportunities. Government initiatives and funding by investors will accelerate the global adoption of MR technology during the forecast period.

The physical convenience in case of long hours of use and ease of operation is further setting high hopes for the growth of Mixed Reality. Applications in various industry verticals to examine complex scenarios and formulate effective solutions are fuelling technology adoption. 3D models based on MR can be manipulated by designers and engineers in the manufacturing and production sector to provide cutting edge services to customers. Therefore, despite the limited possibilities due to the dominance of AR and VR, MR is still anticipated to grow rapidly, owing to its appreciation by various industry specialists and boundless offerings.

The rising popularity of 5G across the world, with countries, rapidly upgrading their network infrastructure, increasing affordability, and availability of low-cost hardware is driving the Mixed Reality market growth. Industrial advancements with the inclusion of Bring Your Own Device (BYOD) has expanded the scope of Mixed Reality in the manufacturing, production, and healthcare sectors. There is an increasing demand for virtual realizations and real-time interactive applications in the gaming and entertainment industries worldwide.
Holographic experiences help understand a situation in a real-like situation and take necessary actions beforehand. Immersive experiences such as mapping physical surroundings, and voice recognition, among others, offer an uninterrupted personalized view to the decision-makers. MR embodiment in manufacturing, healthcare, retail, and real estate can transform a product review into a 360-degree virtual walkthrough, allowing the client to invest more in the product.

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The Major Prominent Players Covered in this Report:
DAQRI, Magic Leap, META COMPANY, Microsoft, Osterhout Design Group, EON Reality, Facebook, Google, HTC Corporation, and Samsung.

By Component, Hardware, Software, By Application, Aerospace and Defense, Architecture, Entertainment and Gaming, Medical, Others

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Mixed Reality Market Trends:
- The report identifies, determines, and forecasts the Global Mixed Reality Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Mixed Reality Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Mixed Reality Market.

Product manufacturers, maintenance, defense, navigation, gaming and entertainment, healthcare education, sports, tourism, construction, Interactive Product Content Management (IPCM), Simulation-Based Learning (SBL), and end-user robotics are some of the notable end-users of the global Mixed Reality market.

Industry 4.0 -
Growing trends of information and connectivity in industrial settings demands the use of Internet of Things (IoT), artificial intelligence, and robotics
The intervention of Mixed Reality in the up-gradation process is easing the burden of tasks. Workers are now visualizing jobs in real-time through intuitive training
360-degree visualizations in factories assist laborers in improved quality assurance, detect exceptions, and access metadata to determine a solution for a problem

Head-Mounted Displays (HMDs) -
Microsoft’s HoloLens has enabled digital manipulation of data. Voice control technology and hand gestures make interactions look like they are happening with real-world objects
HMDs are also reducing learning time as training and education can take on the job. BAE Systems has taken a similar initiative to train employees while working on its electric propulsion systems

Digital Arenas -
Tournaments, championships, and the Olympics can significantly bolster the Mixed Reality market growth. There is a growing trend to enhance fan experience through interactive big screens, and a series of refreshment activities. Players can create mini-matches, a replica of the original match for practice
Golden 1 Center, an indoor arena in Sacramento, California, United States is the most connected arena that offers onscreen graphics and analytics
FIFA World Cup 2018 has already blended Augmented Reality with live sports experience by collaborating with Snapchat and Facebook. Selfie-filters, background segmentation and magnified player projections on a screen create a whole new experience for viewers
Creators of mobile arcade games such as Ultimate Rivals: The Rink and others are significantly investing in Mixed Reality technology to deliver professionalism and remarkable vision

Military Exercise -
Mixed Reality is making its breakthrough in the training and simulation of military forces across the world. It is creating an augmented prototype of real-world scenarios to address soldier marksmanship and offers full-scale battlefield training
Weapon Training Simulation System (WTSS) allows military personnel to train as a flight simulator. A combination of Virtual and Augmented views of the war zone allows soldiers to realize the real situation inside a small room

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