Global Extended Reality
Market Report
2024
As per Cognitive Market Research's latest published report, The Global Extended Reality market size was USD 35.81 Billion in 2022 and it is forecasted to reach USD 277.96 Billion by 2030. The Extended Reality Industry's Compound Annual Growth Rate will be 29.57% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, The Global Extended Reality market size was USD 35.81 Billion in 2022 and it is forecasted to reach USD 277.96 Billion by 2030. The Extended Reality Industry's Compound Annual Growth Rate will be 29.57% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Extended Reality Market Sales Revenue 2022 | $ 35.81 Billion |
Global Extended Reality Market Sales Revenue 2030 | $ 277.96 Billion |
Global Extended Reality Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29.57% |
Market Split by Component |
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Market Split by Technology |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Extended Reality Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Extended reality is a coined term, which it refers to immersive technology. Various technology already humans have such as virtual reality (VR), mixed reality (MR), and augmented reality (AR). These are people enables to connect, visit locations nearly, and experience the sensations as if they were essentially there. In addition, the extended reality is now used in employee and onboarding training, and a number of company hiring processes.
Increasing investment in extended reality and adoption of XR in the healthcare industry is the key factor expected to drive the growth of the global extended reality market.
Advancement in the 5G technology is projected to create lucrative growth opportunities for the global extended reality market in the forecast period.
Excessive use of XR devices has harmful health effects and COVID-19’s impact on the technology is anticipated to hamper the growth of the extended reality market.
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Google has developed AR/VR more immersive on consumer devices
In June 2020, Google has developed a new technology to make immersive augmented reality and virtual reality devices for consumers’ experiences.
Top Companies Market Share in Extended Reality Industry: (In no particular order of Rank)
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North America has the largest revenue share in the extended reality market. This is owing to the increasing use of extended reality in smartphones and other connected devices such as entertainment, gaming, healthcare, media, and others. This is anticipated to drive the growth of the global extended reality market in the region.
The current report Scope analyzes Extended Reality Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Extended Reality Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Extended Reality Industry growth. Extended Reality market has been segmented with the help of its Component, Technology End User, and others. Extended Reality market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on components, the hardware segment has the largest revenue share in the extended reality market. This is due to increasing investment in hardware to provide inventing the designs as per changing demands and personalized XR experience projected to drive the growth of this segment.
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Based on technology, the virtual reality (VR) segment has the major revenue share in the extended reality market. This is attributed to the increasing need for VR technology in rendering, high-quality video, and extremely low latency to make experiences believable for the end-user expected to drive the growth of this segment.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Based on end users, the gaming segment has the largest market share in the extended reality market. This due to the increasing numerous tempting applications and enhancing the shopping experience for augmented reality in fashion has an impact on economic, and social development and productivity. This is projected to drive the growth of the gaming segment in the global extended reality market.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Extended Reality Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Extended Reality Market and is projected to experience significant growth in the near future.
The Mixed Reality (MR) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Accenture Plc, HTC Corp and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Hardware, Services, Software |
Technology | Mixed Reality (MR), Augmented Reality (AR), Virtual Reality (VR) |
End User | Media and Entertainment, Gaming, Manufacturing, Retail, Education, Healthcare, Aerospace and Defense, Others |
List of Competitors | Accenture Plc, Alphabet Inc Facebook Inc, HTC Corp, Microsoft Corp, Northern Digital Inc, Qualcomm Inc, Seiko Epson Corp, Softweb Solutions Inc, Sony Corp |
This chapter will help you gain GLOBAL Market Analysis of Extended Reality. Further deep in this chapter, you will be able to review Global Extended Reality Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Technology Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Extended Reality market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Extended Reality market? |
What are the key factors affecting the Hardware and Services of Extended Reality Market? |
What is the CAGR/Growth Rate of Mixed Reality (MR) during the forecast period? |
By type, which segment accounted for largest share of the global Extended Reality Market? |
Which region is expected to dominate the global Extended Reality Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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