Press release
AI In Virtual Reality And Augmented Reality Global Market Poised for Dramatic Growth: Market Size and CAGR Analysis, Key Growth Drivers, Noteworthy Trends, and Key Players
AI In Virtual Reality And Augmented Reality Market Size
What Is The Projected Market Size Of The Global AI In Virtual Reality And Augmented Reality Global Market Report 2025 And Its Growth Rate?
The AI in VR and AR market continues its rapid expansion:
•Market growth from $57.37 billion in 2024 to $84.23 billion in 2025 (46.8% CAGR)
•Expected leap to $387.34 billion in 2029 (46.4% CAGR)
This impressive growth can be attributed to advancements in machine learning, increase in cloud computing, improved natural language processing, and integration of AI with AR smart glasses among others.
What Is Driving The Growth In The AI In Virtual Reality And Augmented Reality Global Market Report 2025?
The proliferating number of IoT devices bolsters the AI in VR and AR market growth. These interconnected devices provide an immersive and user-friendly experience, enhancing the usage and performance of IoT devices. For instance, IoT connections are projected to more than double from 2021 to 2030, reaching a staggering 37.4 billion, driving the exponential growth of AI in VR and AR market.
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Who Are the Key Players Driving AI In Virtual Reality And Augmented Reality Global Market Report 2025 Growth?
Key market players include:
•Apple Inc.
•Alphabet Inc.
•Samsung Electronics Co. Ltd.
•Microsoft Corporation
•Meta Platforms Inc.
•Sony Corporation
•Lenovo Group Limited
•Intel Corporation
•Qualcomm Incorporated
•NVIDIA Corporation
Each of these players play a pivotal role in shaping the market landscape and driving its growth.
What Are The Key Trends In The AI In Virtual Reality And Augmented Reality Global Market Report 2025?
Prominent trends shaping the market:
•AI-driven virtual assistants in VR or AR
•Virtual try-on experiences enhanced by AI
•AI-enhanced object recognition and interaction
•Integration of AI with AR smart glasses
•AI-powered immersive storytelling
What Are The Segments Of The Global AI In Virtual Reality And Augmented Reality Global Market Report 2025?
This market includes segments such as:
1) By Type: Artificial Intelligence-Powered Virtual Reality (VR), Artificial Intelligence-Enhanced Augmented Reality (AR)
2) By Technology: Natural Language Processing (NLP), Computer Vision, Machine Learning, Deep Learning, Gesture Recognition, Speech Recognition, Simulated Environments
3) By Platform: Mobile Devices, Head-Mounted Displays (HMDs), Projectors And Smart Glasses, Wearables And Body Tracking Devices, Desktop Computers And Consoles
4) By Application: Gaming And Entertainment, Education And Training, Healthcare And Medical, Retail And E-commerce, Real Estate And Architecture, Automotive And Transportation, Tourism And Travel, Social Media And Communication, Industrial And Manufacturing, Military And Defense
Which Region Leads The AI In Virtual Reality And Augmented Reality Global Market Report 2025?
North America was the largest region in the AI in VR and AR market in 2024, followed by other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The AI In Virtual Reality And Augmented Reality Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the AI In Virtual Reality And Augmented Reality Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI In Virtual Reality And Augmented Reality Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall AI In Virtual Reality And Augmented Reality Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI In Virtual Reality And Augmented Reality Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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