Mobile Devices Powering The Future Of AR/VR Chip Market: An Emerging Driver Transforming The AR/VR Chip Market Landscape

The AR/VR Chip Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the AR/VR Chip Market?
The size of the AR/VR chip market has seen significant expansion in recent times, with projections estimating a rise from $3.96 billion in 2024 to $4.82 billion in 2025, reflecting a compound annual growth rate (CAGR) of 21.9%. The historic growth in this market can be credited to the spread of augmented reality (AR) and virtual reality (VR) applications, advancements in the technology of graphics processing units (GPUs), the thriving gaming and entertainment sectors, greater application of AR/VR in healthcare and education settings, and the demand for high-performance computing in AR/VR devices.

In the coming years, the AR/VR chip market is projected to undergo rapid expansion. By 2029, it is anticipated to reach $10.1 billion, growing at a compound annual growth rate (CAGR) of 20.3%. The anticipated market expansion during the forecasted period can be credited to the proliferation of augmented reality glasses and headsets, the incorporation of AR/VR in business and industrial sectors, the shift towards 5G technology for superior AR/VR experiences, the soaring demand for compact, energy-efficient AR/VR chips, and the rise in extended reality (XR) and mixed reality (MR) applications. Key trends expected to emerge in the forecast period encompass the cultivation of AI-facilitated AR/VR experiences, the application of edge computing for immediate AR/VR processing, the integration of AR/VR chips into smart glasses and wearable devices, the focus on haptic feedback and sensory, and integration in AR/VR devices.

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What Are the Different AR/VR Chip Market Segments?
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

Subsegments:
1) By Processor ICs: Graphics Processing Units (GPUs), Application Processors, Digital Signal Processors (DSPs)
2) By User Interface ICs: Touchscreen Controllers, Gesture Recognition ICs, Audio Or Video Interface ICs
3) By Power Management ICs: Voltage Regulators, Battery Management ICs, Power Distribution ICs

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What Are the Primary Drivers Shaping the AR/VR Chip Market?
The surge in the utilization of mobile devices is anticipated to catalyze the expansion of the AR/VR chip market. A mobile device, defined as a handheld tablet or a similar lightweight device easy to transport, is now capable of executing virtually all functions previously limited to larger computers, courtesy of advancements in data storage, computation, and display technology. AR/VR chips incorporated into smartphones offer immersive virtual and augmented reality gaming experiences that enable user interaction with their environment using their hands. For instance, a report published by G2.Com Inc., a U.S-based software firm, in January 2024 states that 86% of the world population used Smartphones in 2023, generating 59% of web traffic in 2022 and accounting for 90% of mobile app usage time in 2021. Meanwhile, in the U.S., they represented 70% of digital media usage, though 17% of less affluent and older Americans still rely on feature phones. Thus, the rising use of mobile devices is promoting the growth of the AR/VR chip market.

Which Companies Are Leading in the AR/VR Chip Market?
Major companies operating in the AR/VR chip market include 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., Alphabet Inc., Magic Leap, Lytro, Inpria

What Are the Major Trends Shaping the AR/VR Chip Market?
The major trend emerging in the AR/VR chip market is technological advancement. To retain their market position, prominent companies in the AR/VR space are focusing on technological enhancements. For instance, Qualcomm Technologies Inc., a leading semiconductor firm based in the US, in September 2023, introduced its latest chips for XR and AR platforms, named the Snapdragon XR2 Gen 2 and AR1 Gen 1. Focused on VR and mixed-reality devices, the Snapdragon XR2 Gen 2 offers a 2.5x increase in GPU performance and an 8x improvement in AI, which facilitates immersive mixed and virtual reality experiences. Meanwhile, the Snapdragon AR1 Gen 1 platform, designed specifically for smart glasses, provides real-time AI features like hands-free live streaming and visual search. In partnership with Meta, these breakthroughs set to launch in 2023, promise to transform the XR and AR device industry by providing more potent, compact, and user-friendly solutions.

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What Are the Top Revenue-Generating Geographies in the AR/VR Chip Market?
Asia-Pacific was the largest region in the AR/VR chip market in 2024.North America was the second-largest region of the AR/VR chip market. The regions covered in the AR/VR chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AR/VR Chip Market?
2. What is the CAGR expected in the AR/VR Chip Market?
3. What Are the Key Innovations Transforming the AR/VR Chip Industry?
4. Which Region Is Leading the AR/VR Chip Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

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