AI In Virtual Reality And Augmented Reality Market Expansion Continues, with Forecast Valuation of $387.34 Billion by 2029

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AI In Virtual Reality And Augmented Reality Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for AI in virtual reality and augmented reality has seen a massive expansion in recent years. The market is projected to swell from $57.37 billion in 2024 to $84.23 billion in 2025, advancing at a compound annual growth rate (CAGR) of 46.8%. The historical growth can be ascribed to developments in computer vision, enhancements in machine learning algorithms, advancements in natural language processing (NLP), the expansion of cloud computing, and the emergence of edge computing.

AI In Virtual Reality And Augmented Reality Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for the AI in virtual reality and augmented reality market, with predictions of a surge in growth in the foroming years. The projected estimated value for this market in 2029 is $387.34 billion, indicating a compound annual growth rate (CAGR) of 46.4%. The predicted growth during this period possibly owes to various factors such as AI-enabled social interactions, tailored content recommendations, advanced gesture and voice recognition, AI-built realistic environments, and applications in healare and therapy. The forecast period could also see trends such as AI-powered virtual assistants in VR or AR, AI-enriched virtual try-on experiences, AI-boosted object recognition and interaction, the combination of AI with AR smart glasses, and AI-powered immersive storytelling.

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What Are the Drivers Transforming the AI In Virtual Reality And Augmented Reality Market?
The growth of AI in the virtual reality and augmented reality market is anticipated to be propelled by the rising numbers of IoT (Internet of Things) devices. IoT devices are physical equipment equipped with sensors, software, and connectivity capabilities allowing them to gather and share data with other devices or systems via the internet, thus forming the IoT ecosystem. These devices operate on interconnected networks, facilitating uninterrupted communication and data transfer between systems and devices. The functionalities of IoT devices can be amplified by AI in virtual reality and augmented reality - offering more engaging and intuitive user experiences, enhancing data analysis, enabling predictive maintenance, aiding in context-aware interactions, enabling remote monitoring and control, and improving training and simulation capabilities. As an example, in March 2023, the UK's non-profit organization, the GSM Association, projected that the number of IoT connections will more than double between 2021 and 2030, totaling 37.4 billion. As such, the surge in IoT device numbers is encouraging the growth of AI in the virtual and augmented reality market.

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What Long-Term Trends Will Define the Future of the AI In Virtual Reality And Augmented Reality Market?
Key players in the AI within the virtual and augmented reality markets are pioneering assisted reality glasses that elevate their offerings to consumers. These smart glasses, devices worn by users, superimpose digital data, graphics, or visuals onto the user's visual field, offering an enriched view of the physical environment. Take Oppo for instance, a consumer electronics enterprise based out of China. In February 2024, they showcased their OPPO Air Glass 3. This ground-breaking product, a set of assisted reality glasses accompanied by a voice assistant propelled by Oppo's expansive language model (LLM) named AndesGPT, has been crafted to supply instantaneous information via a full-color display incorporated into the lenses of the glasses. Designed for everyday use, these glasses allow users to see digital content like texts or navigation maps placed over the real-world view. The functionality of the Air Glass 3 is dependent on a connection to an Oppo smartphone and can be operated using touch sensors found on the frame's side.

Which Segments in the AI In Virtual Reality And Augmented Reality Market Offer the Most Profit Potential?
The AI in virtual reality and augmented reality market covered in this report is segmented -

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, Healare 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

Subsegments:
1) By Artificial Intelligence-Powered Virtual Reality (VR): AI-Driven VR Content Creation, Personalized VR Experiences, AI In VR Training And Simulation, Real-Time AI Interaction In VR
2) By Artificial Intelligence-Enhanced Augmented Reality (AR): AI-Powered Object Recognition, AI-Driven AR Navigation And Mapping, Real-Time AI Data Overlay, AI In AR Retail And Shopping Experiences

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Which Firms Dominate the AI In Virtual Reality And Augmented Reality Market by Market Share and Revenue in 2025?
Major companies operating in the AI in virtual reality and augmented reality market report are Apple Inc.; Alphabet Inc.; Samsung Electronics Co. Ltd.; Microsoft Corporation; Meta Platforms Inc.; Sony Corporation; Lenovo Group Limited; Intel Corporation; Qualcomm Incorporated; NVIDIA Corporation; Dassault Systemes SE; PTC Inc.; Sixense Enterprises Inc.; Magic Leap Inc.; HTC Corporation; EON Reality Inc.; Daqri LLC; Zappar Ltd.; Scope AR; Vuzix Corporation; Upskill; Avegant Corporation; Atheer Inc.; Cognixion; Marxent Labs LLC

Which Regions Offer the Highest Growth Potential in the AI In Virtual Reality And Augmented Reality Market?
North America was the largest region in the AI in virtual reality and augmented reality market in 2024. The regions covered in the AI in virtual reality and augmented reality market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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