Press release
Extended Reality Display Technology: Global Market Report 2024
Extended Reality Display Market Segmentation
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $2.04 billion
• Revenue Forecast In 2033: $6.81 billion
• CAGR: 35.1%
Global Extended Reality Display Market: Segmentation
The extended reality display market covered in this report is segmented -
1) By Display Type: Liquid Crystal Displays (LCD), Organic Light-Emitting Diode (OLED), Other Display Type
2) By Component: Hardware, Software, Services
3) By Solution: Business Engagement, Consumer Engagement
4) By Application: Augmented Reality, Mixed Reality, Virtual Reality
5) By End-User Industry: Gaming and Entertainment, Healthcare, Education, Military and Defense, Automotive and Manufacturing, Retail, Other End-Users
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Extended Reality Display Market Report: Growth Drivers
The increasing use of smartphones is anticipated to drive the growth of the extended reality display market in the future. Smartphones are sophisticated mobile devices that blend the features of traditional mobile phones with capabilities commonly associated with computing devices. Extended reality displays in smartphones integrate digital information into the physical world using augmented reality (AR) and mixed reality (MR). For instance, a report from Uswitch Limited in February 2023 indicated that there were 71.8 million mobile connections in the UK in 2022, marking a 3.8% (approximately 2.6 million) increase from 2021. Additionally, the UK population is projected to reach 68.3 million by 2025, with around 95% (approximately 65 million people) expected to own smartphones. Therefore, the rising smartphone usage is driving the extended reality display market's growth.
Key Developments:
Autodesk Acquires The Wild To Advance Extended Reality Solutions In The AEC Industry
In March 2022, Autodesk, Inc., a US-based software company, acquired The Wild for an undisclosed sum. With this acquisition, Autodesk hopes to assist AEC clients over the project delivery lifecycle and raise demand for augmented reality (AR) and virtual reality (VR) technological breakthroughs within the AEC industry. The Wild is a US-based company that provides extended reality (XR) solutions.
Top Market Leader Included:
Apple Inc., Alphabet, Samsung Electronics Co. Ltd., Microsoft, Meta Platforms Inc., Dell Technologies Inc., Sony Corporation, HP Development Company L.P., Accentur*e PLC, Qualcomm Technologies Inc., Koninklijke Philips N.V., Vuzix Corporation, Seiko Epson Corporation, Japan Display Inc., PTC Inc., Niantic Inc., Tata Elxsi Limited, Magic Leap, MAGIC LEAP Inc., HTC Corporation, EON Reality Inc., Talespin Reality Labs Inc., Kopin Corporation, Varjo Technologies Oy, Zappar, SphereGen Technologies LLC, Metaio, Softweb Solutions Inc.
Extended Reality Display Industry: Regional Landscape
North America was the largest region in the extended reality display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the extended reality display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the extended reality display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global Extended Reality Display Market Report Include?
1.Introduction
• Overview of the Extended Reality Display Market
• Comprehensive Analysis of Extended Reality Display Market
2. Extended Reality Display Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Extended Reality Display Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Extended Reality Display Market
• Overview
• Products and Services
• Strategy
5. Extended Reality Display Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Extended Reality Display Market
• Technological Advancements
• Emerging Trends
7. Extended Reality Display Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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