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AR/VR Chip Market 2023 - Global Driving Factors, Top Manufacturers, Growth Opportunities And Forecast To 2032
AR/VR Chip Market
AR/VR Chip Market Size, Growth Rate, And Forecast
The global AR/VR chip market size grew from $2.79 billion in 2022 to $3.6 billion in 2023 at a compound annual growth rate (CAGR) of 28.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The AR/VR chip market size is expected to grow to $9.54 billion in 2027 at a CAGR of 27.6%.
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AR/VR Chip Market Drivers
High adoption of mobile devices is expected to propel the growth of the AR/VR chip market going forward. The mobile device refers to a portable tablet or another gadget that is small and light enough to be carried around. It can now perform practically all tasks that were previously only possible with bigger personal computers due to the advancements in data storage, computing, and display technology.
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AR/VR Chip Market Segments
• By Chip Type: Processor ICs, User Interface ICs, Power Management ICs
• By Device Type: Head Mounted Display, Gesture Tracking Device, Projector and Display Wall, Head Up Display, Handheld Device
• By End User: Gaming, Entertainment and Media, Aerospace and Defense, Healthcare, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the AR/VR Chip market.
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AR/VR Chip Market Key Players
Major competitors in the AR/VR Chip market include Nvidia Corporation, Imagination Technologies Limited, MediaTek Inc., Intel Corporation, Spectra7 Microsystems Inc., Advanced Microdevices Inc.
The Business Research Company's "Global AR/VR Chip Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The AR/VR Chip Market Include:
1. Executive Summary
2. AR/VR Chip Market Characteristics
3. AR/VR Chip Market Trends And Strategies
4. AR/VR Chip Market - Macro Economic Scenario
5. AR/VR Chip Market Size And Growth
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26. Africa AR/VR Chip Market
27. AR/VR Chip Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AR/VR Chip Market
29. AR/VR Chip Market Future Outlook and Potential Analysis
30. Appendix
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