Emerging Trends to Drive Extended Reality Display Market Growth at 34.5% CAGR Through 2029

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What Is the Expected CAGR for the Extended Reality Display Market Through 2025?
The market size for extended reality displays has experienced explosive growth lately. It's projected to increase from $2.04 billion in 2024 to $2.76 billion in 2025, with a compound annual growth rate (CAGR) of 35.1%. The significant growth during the historical period is due to factors like research and usability testing, applications within gaming and entertainment, medical and healthcare, market research and advertising, and human-computer interaction.

What's the Projected Size of the Global Extended Reality Display Market by 2029?
The market for extended reality displays is predicted to undergo significant expansion in the coming years, growing to a value of $9.04 billion by 2029, with a compound annual growth rate (CAGR) of 34.5%. Factors contributing to this growth during the forecast period may include the increased use of virtual reality (VR) and augmented reality (AR), their integration into e-commerce and retail, the rise of health-tracking wearables, the adoption by the education sector, along with the incorporation of smart devices and the internet of things (IoT). Key trends to look out for in this period may include the application in neuromarketing, the increasing prevalence of wearable eye tracking devices, the adoption of eye tracking in automotive design and driver monitoring, advancements in healthcare applications, and the use in remote work collaboration.

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Top Growth Drivers in the Extended Reality Display Industry: What's Accelerating the Market?
The anticipated growth of the extended reality display market is likely to be fuelled by the increased use of smartphones. Modern mobile phones, or smartphones, merge the capabilities of typical cellular devices with those found in computers. These extended reality displays are employed in smartphones to smoothly fuse digital data into real-world environments via augmented and mixed reality. For instance, Statistics Canada, a national statistical agency, reported in November 2024 that 85% of Canadians utilized the internet through their smartphones in 2022. The highest usage was among the 25 to 34 age group, with a 98% smartphone usage rate, while those aged 75 and above were recorded with the least usage at 37%. Hence, the surge in smartphone use is a significant contributor to the expansion of the extended reality display market.

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What Trends Will Shape the Extended Reality Display Market Through 2029 and Beyond?
Leading corporations in the extended reality display market are concentrating their efforts on the creation of groundbreaking technologies such as spatial reality displays in order to maintain their market standing. Spatial Reality Displays are revolutionary display technologies that merge digital content with the tangible world in 3D space, offering users an enhanced immersive and interactive experience. For example, Sony Corporation, a multinational conglomerate from Japan, launched a new Spatial Reality Display in September 2023. This display allows for a 3D experience without the requirement for glasses or a VR headset, boasting a 27-inch 4K resolution screen with a color gamut that covers 100% of Adobe RGB.

What Are the Main Segments in the Extended Reality Display Market?
The extended reality displaymarket 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

Subsegments:
1) By Liquid Crystal Displays (LCD): Standard LCDs, Thin Film Transistor (TFT) LCDs, In-Plane Switching (IPS) LCDs
2) By Organic Light-Emitting Diode (OLED): Flexible OLED Displays, Rigid OLED Displays, Transparent OLED Displays
3) By Other Display Types: MicroLED Displays, Projection Displays, Digital Light Processing (DLP) Displays

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Which Top Companies are Driving Growth in the Extended Reality Display Market?
Major companies operating in the extended reality display market report are Apple Inc., Alphabet, Samsung Electronics Co. Ltd., Microsoft, Meta Platforms Inc., Dell Technologies Inc., Sony Corporation, HP Development Company L.P., accenture* 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.

Which Regions Will Dominate the Extended Reality Display Market Through 2029?
North America was the largest region in the extended reality display market in 2024. 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.

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