Augmented Reality and Virtual Reality Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global augmented reality (AR) and virtual reality (VR) market is projected to account for a revenue of $1,274.4 billion in 2027, rising from $37.0 billion in 2019, progressing at a robust CAGR of 42% during the forecast period (2021-2027).

Augmented reality is a technology that provides an immersive digital experience in a real-time environment by using the existing user’s environment and overlaying digital or virtual content or information on it. Virtual reality is a computer-generated 3D environment that allows end-users to fully immerse themselves in the artificial world without seeing the real world. Augmented reality applications are developed in specialized 3D programs that allow developers to integrate contextual or digital content with the real world in real-time. Virtual reality provides a realistic user experience of an artificial world in an interactive simulation environment.

Market Segments

By Application

• Consumer
• Enterprise

By Organization Size

• Large Enterprises
• Small- & Medium-sized Enterprises

By Industry Vertical

• Gaming
• Entertainment & Media
• Aerospace & Defense
• Healthcare
• Education
• Manufacturing
• Retail

Key Players

• Alphabet (Google Inc.)
• DAQRI
• Facebook
• HTC
• Magic Leap, Inc.
• Microsoft Corporation
• Osterhout Design Group
• Samsung Electronics Co., Ltd.
• Sony

Scope of the Report

The research study analyzes the global Augmented Reality and Virtual Reality industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Augmented Reality and Virtual Reality Market Report

1. What was the Augmented Reality and Virtual Reality Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Augmented Reality and Virtual Reality Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Augmented Reality and Virtual Reality Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.