Press release
Extended Reality (XR) Market Set to Reach USD 44.14 Billion by 2030 amid Rapid Growth in AR & VR
Extended Reality (XR) Market Size & Trends | Mordor Intelligence
Extended reality market Overview
The global extended reality (XR) market is expected to grow from USD 7.55 billion in 2025 to USD 44.14 billion by 2030, reflecting a 42.36% compound annual growth rate (CAGR). This projected expansion reflects increasing opportunities across augmented reality (AR), virtual reality (VR), and mixed reality (MR).
Extended reality technologies are gaining traction beyond gaming and entertainment, especially in enterprise use cases across healthcare, manufacturing and defense. As XR hardware and services gain maturity, adoption is accelerating in regions like North America and Asia-Pacific.
Report Overview: https://www.mordorintelligence.com/industry-reports/extended-reality-xr-market?utm_source=openpr
Extended reality market Key Trends
Several market dynamics are shaping the trajectory of XR adoption:
Enterprise Use Driving Hardware & Services Growth
Enterprise adoption in sectors such as healthcare, manufacturing and defense is outpacing consumer uptake. Hardware held about 53.2% of revenue share in 2024, while services are expected to expand at around 42.5% CAGR through 2030.
Device Diversification: Beyond Headsets
Head‐Mounted Displays (HMDs) accounted for nearly 42.7% of the market in 2024, but spatial and holographic displays are growing faster estimated to rise at 43.1% CAGR.
AR Leads the Pack
In 2024, AR represented roughly 43.2% of the XR market and is forecasted to grow at 42.7% CAGR through 2030.
Healthcare and Life Sciences Gaining Momentum
While gaming and entertainment held about 38.3% of XR revenue in 2024, the healthcare vertical is expanding faster, with forecasts showing a 42.9% CAGR.
Regional Dynamics: Asia‐Pacific Expansion
North America held about 37.1% of XR revenue in 2024, but Asia‐Pacific is on track to be the fastest-growing region, with a projected 41.9% CAGR through 2030.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/extended-reality-xr-market?utm_source=openpr
Extended reality market Segmentation:
By Offering
Hardware
Software
Services
By Device Type
Head-Mounted Displays (Tethered, Stand-alone)
Head-Up Displays
Handheld and Mobile Devices
Others
By Technology
Virtual Reality (VR)
Augmented Reality (AR)
Mixed Reality (MR)
By End-user Industry
Gaming and Entertainment
Healthcare and Life Sciences
Industrial and Manufacturing
Retail and E-commerce
Education and Training
Aerospace and Defense
Architecture, Engineering and Construction
Others
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Rest of Asia-Pacific
Middle East and Africa
Middle East
Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa
South Africa
Nigeria
Egypt
Rest of Africa
Explore Our Full Library of Technology, Media and Telecom Research Industry Reports - https://www.mordorintelligence.com/market-analysis/technology-media-and-telecom?utm_source=openpr
Key Players
Qualcomm Technologies Inc.
A leading semiconductor company, Qualcomm provides XR-focused chipsets and platforms like Snapdragon XR, powering many AR and VR devices.
SoftServe Inc.
A digital services and consulting company delivering custom XR applications and immersive experiences for enterprise clients.
SphereGen Technologies LLC
Specializes in AR, VR, and mixed reality solutions for industries like healthcare and education, with a focus on practical enterprise applications.
Northern Digital Inc. (Roper Technologies Inc.)
Known for precision tracking technology, NDI provides optical and electromagnetic tracking systems often used in medical XR applications.
Conclusion
The extended reality market is steadily integrating into critical industries, driven by growing enterprise demand and expanding use cases. With applications ranging from immersive medical training to enhanced manufacturing processes, XR technologies are being recognized as practical tools for solving real-world challenges. As device types diversify and service offerings grow, the market is maturing beyond consumer-focused experiences. Regional momentum, particularly in Asia-Pacific, combined with strong enterprise interest, suggests that XR is moving toward long-term relevance across multiple sectors.
Industry Related Reports
Virtual Reality Market
Virtual Reality (VR) Market is Segmented by Offering (Hardware, Software, and Services), Device Form Factor (Tethered HMD, Stand-Alone HMD, and More), Immersion Level (Non-Immersive, Semi-Immersive, Fully-Immersive), End-User Industry (Gaming, Healthcare, and More), and by Geography.
To know more visit this link: https://www.mordorintelligence.com/industry-reports/virtual-reality-market?utm_source=openpr
Location Based VR Market
Location-Based Virtual Reality (LBVR) Market Report is Segmented by Type (Hardware and Software), Application (VR Arcades, VR Theme Parks, and VR Cinemas), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).
To know more visit this link: https://www.mordorintelligence.com/industry-reports/location-based-virtual-reality-vr-market?utm_source=openpr
Mixed Reality Market
The report covers Global Mixed Reality Software Market Analysis & Companies. The market is segmented by End-user Verticals (Education, Engineering, Entertainment, Healthcare) and by Geography.
To know more visit this link: https://www.mordorintelligence.com/industry-reports/mixed-reality-market?utm_source=openpr
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
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About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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