Global AR/VR Chip Market 2024 - By Growth Factors, Applications, Regional Analysis, Key Players And Forecast 2033

The new report published by The Business Research Company, titled ""AR/VR Chip Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the ar/vr chip market size has grown exponentially in recent years. It will grow from $3.27 billion in 2023 to $4.02 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The ar/vr chip market size is expected to see exponential growth in the next few years. It will grow to $8.62 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7734&type=smp

Mobile Devices Powering The Future Of Ar/Vr Chip Market
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. AR/VR chips embedded in smartphones enable very realistic virtual and augmented reality game experiences where the user interacts with his or her surroundings using their own hands. For instance, according to the report published by Samsung Electronics Co. Ltd., a South Korea-based electronics corporation, smartphone adoption over the globe increased in 2021, as smartphone sales reached 1.30 billion units in 2020 and grew to 1.36 billion units in 2021. Therefore, the high adoption of mobile devices is driving the AR/VR chip market growth.

Technological Advancements In Ar/Vr Chips Market Powering The Future
Technological advancement is a key trend gaining popularity in the AR/VR chip market. Major companies operating in the AR/VR sector are focused on technological advancement to sustain their position in the market. For instance, in November 2021, Qualcomm Technologies Inc., a US-based company engaged in the manufacturing and development of semiconductors, mobile, networking, Wi-Fi, small cells, wireless power, and augmented reality, launched the Snapdragon SpacesTM XR Developer Platform, a head-worn Augmented Reality (AR) developer kit with proven technology. It is a powerful machine perception technology that is designed for the next generation of AR glasses and optimized for performance and low power. It can sense the user, intelligently interact with them, adapt to their physical indoor environments, and provide positional tracking and hand tracking.

The ar/vr chip market covered in this report is segmented -

1) By Chip Type: Processor ICs, User Interface ICs, Power Management ICs
2) By Device Type: Head Mounted Display, Gesture Tracking Device, Projector and Display Wall, Head Up Display, Handheld Device
3) By End User: Gaming, Entertainment and Media, Aerospace and Defense, Healthcare, Other End Users

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7734&type=discount

Major companies operating in the ar/vr chip market report are Nvidia Corporation, Imagination Technologies Limited, MediaTek Inc, Intel Corporation, Spectra7 Microsystems Inc, Advanced Microdevices Inc, International Business Machine Corporation, Samsung Electronics Co Ltd, Huawei Technologies Co. ltd., Broadcom Inc, Rockchip Electronics Co Ltd, Advanced RISC Machines Ltd, HiSilicon (Shanghai) Technologies CO. Ltd., Qualcomm Inc., Texas Instruments Incorporated, Xilinx Inc., Arm Limited, Cadence Design Systems Inc., Meta Platforms Inc., Apple Inc., Microsoft Corporation, QUALCOMM Incorporated, Adobe Inc., Hello Group Inc. ADR, Alphabet Inc., Magic Leap, Lytro, Eyefluence, Inpria, Interlude

Contents of the report:
1. Executive Summary
2. AR/VR Chip Market Report Structure
3. AR/VR Chip Market Trends And Strategies
4. AR/VR Chip Market - Macro Economic Scenario
5. AR/VR Chip Market Size And Growth
…..
27. AR/VR Chip Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/ar-or-vr-chip-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.