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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
AR and VR Display Market Trends
Rising Use of Augmented and Virtual Reality in the Automotive and Education Sector to Bolster the Market Growth
The use of augmented reality display, especially head-up display (HUD), in the automotive industry to make the drivers aware of potential hazards and redirect the driver’s focus on the road is expected to boost the AR and VR display demand. Moreover, mixed reality displays are used to present virtual objects to drivers while preparing them for potential hazards. Also, they can be used for marketing to enable consumers to experience their automobile in virtual reality. These are anticipated to propel the market growth for AR and VR displays in the forecast period.
The rising use of AR and VR technology in the education sector is further strengthening the market growth. It is widely used to provide personalised education, enhance the learning experience, and increase interaction via immersive technology, which is consequently invigorating the AR and VR display market opportunities. Moreover, research and development by the leading companies to develop advanced displays and turn smartphones into AR and VR displays is accelerating the growth of the AR and VR display industry. In addition, the increasing adoption of AR technology in the gaming industry to provide an interactive experience to the viewers is also catalysing the market growth.
AR and VR Display Market Report Snapshots
AR and VR Display Market Growth
AR and VR Display Market Trends
AR and VR Display Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global AR and VR display market attained a value of nearly USD 1,851.38 million.
The market is projected to grow at a CAGR of 36% between 2025 and 2034.
The major drivers of the market include technological advancements and the extensive use of AR and VR display in the healthcare sector.
The increasing use of augmented and virtual reality in the automotive and education sector and surging research and development (R&D) activities are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of AR and VR display in the market are HMD, HUD, and projector.
The various technologies of AR and VR display considered in the market report are augmented reality (AR) and virtual reality (VR).
The significant applications of the product are commercial, automotive, healthcare, and aerospace and defence, among others.
The major players in the market are Samsung Electronics Co. Ltd., Oculus VR (Facebook Technologies, LLC), Sony Corporation, LG Electronics Inc., and HTC Corporation, among others.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 29,487.2 million by 2034.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124