Press release
Extended Reality Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Extended Reality
The Business Research Company's Extended Reality Global Market Report 2023 Increasing government initiatives in extended reality (XR) as the major driver for the Extended Reality market's growth in the forecast period. Acute ischemic stroke refers to a severe medical emergency brought on by poor blood supply to the brain, which causes brain cell destruction. Early diagnosis of acute ischemic stroke will aid in treatment and reduce brain damage and other consequences resulting from the stroke.
The global extended reality market is expected to grow from $34.56 billion in 2022 to $44.62 billion in 2023 at a compound annual growth rate (CAGR) of 29.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 extended reality market is expected to reach $123.77 billion in 2027 at a CAGR of 29.1%.
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Major competitors in the Extended Reality market are 3M Co., APA Corporation, Avery Dennison Corporation, Fedrigoni SpA, Guangzhou Sino Group Ltd., Garware Hi-Tech Films Limited, Alphagraphics UK.
A key trend in the Extended Reality market includes product innovation. Major companies operating in the Extended Reality market are focusing on improving the usability and longevity of their automotive wrap film offerings. For instance, in April 2022, 3M Company, a US-based industrial conglomerate, launched 3M Print Wrap Film IJ280, a new innovative vehicle wrap film. The new 3M Print Wrap Film IJ280 is designed to be installed faster than regular Extended Reality and requires less rework. 3M Print Wrap Film IJ280 can be installed 20 % faster than traditional Extended Reality , offering two times more lifting resistance.
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The Extended Reality market is segmented -
• By Component: Hardware, Software, Services
• By Technologies: Augmented Reality (AR) Technology, Virtual Reality (VR) Technology, Mixed Reality (MR) Technology
• By End User: Gaming, Retail, Healthcare, Manufacturing, Media And Entertainment, Education, Aerospace And Defense, 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 Extended Reality market.
The Business Research Company's "Global Extended Reality Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Extended Reality Market Include:
1. Extended Reality Market Executive Summary
2. Extended Reality Market Segments
3. Extended Reality Market Size And Extended Reality Market Growth Rate
4. Key Extended Reality Market Trends
5. Major Extended Reality Market Drivers
……
25. Key Mergers And Acquisitions In The Extended Reality Market
26. Top Extended Reality Companies
27. Extended Reality Market Opportunities And Strategies
28. Extended Reality Market, Conclusions And Recommendations
29. Appendix
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