As part of Emergen Research's Global Augmented Reality and Virtual Reality Chips Market Research Report, key business details and extensive geographical spread of the Augmented Reality and Virtual Reality Chips industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Augmented Reality and Virtual Reality Chips market. A detailed forecast is provided until 2030 based on historical data from 2017 and 2018. Also included are profiles of established and emerging players, including business overviews, product portfolios, strategic alliances, and business expansion strategies. The current COVID-19 pandemic is expected to have an effect on the growth of the Augmented Reality and Virtual Reality Chips industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, several sectors of the global market have been affected, and Augmented Reality and Virtual Reality Chips will likely be among them. Economic slowdown and dynamic changes in demand will further hinder the growth of the sector. The report covers the impact analysis of the COVID-19 pandemic on the overall Augmented Reality and Virtual Reality Chips industry.
The Augmented Reality (AR) & Virtual Reality (VR) chips market size was USD 2.78 Billion in 2021 and is expected to register a revenue CAGR of 24.5% during the forecast period, according to the latest analysis by Emergen Research. Growing need for adoption of AR/VR solutions in various applications, such as employee training, is a key factor driving revenue growth of the market. AR & VR offers a cost-effective and efficient solution in training and skill development, as they replicate real scenarios by using AR & VR-enabled solutions. AR and VR solutions find high usage in various industries such as healthcare, defense & security, civil aviation, entertainment, digital manufacturing, and education. For instance, workers in factories or power plants must be able to properly operate machines, as they cannot be allowed to take charge unless they get a solid knowledge of the situation. With the help of VR and AR, training may be done in a risk-free environment, as employers can model their operations precisely, with tools they employ. In addition, new employees can experiment with their acquired knowledge and earn skills through simulation.
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The report bifurcates the Augmented Reality and Virtual Reality Chips market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Augmented Reality and Virtual Reality Chips market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Advanced Micro Devices, Spectra7, NVIDIA Corporation, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., PHOTONIS, Qualcomm Technologies, Mediatek Inc., IBM, and Intel Corporation
Regional Landscape section of the Augmented Reality and Virtual Reality Chips report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
On the basis of type, the market is segmented into
Chip Type Outlook (Revenue, USD Billion; 2019–2030)
- Processor ICs
- User Interface ICs
- Power Management ICs
Device Outlook (Revenue, USD Billion; 2019–2030)
- Head Mounted Display
- Gesture Tracking Device
- Projector & Display Wall
- Head-Up Display
- Handheld Device
End-User Outlook (Revenue, USD Billion; 2019–2030)
- Media & Entertainment
- Gaming
- Aerospace & Defense
- Others
Research Report on the Augmented Reality and Virtual Reality Chips Market Addresses the Following Key Questions:
- Who are the dominant players of the Augmented Reality and Virtual Reality Chips market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Augmented Reality and Virtual Reality Chips market?
- What are the key growth drivers and restraining factors of the Augmented Reality and Virtual Reality Chips market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Augmented Reality and Virtual Reality Chips market and its key segments?
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