BOSTON, September 29, 2022 /PRNewswire/ — Virtual, augmented, and mixed reality (VR/AR/MR) headsets promise to revolutionize the way we interact, acting as gateways into the metaverse. Although these technologies already achieve limited adoption, extensive development of headset hardware is required to meet the demands of becoming a ubiquitous computing platform.

IDTechEx’s new report, “Virtual, Augmented, and Mixed Reality 2023-2033: Technologies, Players, and Markets,” looks at the future of this hardware development. IDTechEx has been covering this industry since 2015, staying close to market and technical developments, interviewing key players around the world, attending numerous conferences and delivering multiple consulting projects – this experience is used to analyze the market, identify trends and technology opportunities and forecast VR/AR/MR headset industry growth at a CAGR of 13% through 2033.

The evolving role of XR

VR headsets replace the real environment with virtual content, while AR headsets overlay content on top of the real world. MR-enabled AR devices blur the line between the real and digital worlds, with virtual content overlays that interact with real objects. Collectively, these technologies are known as extended reality (XR).

The IDTechEx report looks at the changing applications that XR devices will see and their effects on design and hardware demands. For AR, the biggest change is expected to be renewed attempts to break through the historically difficult consumer market with initial targeting of more niche devices on the road to the eventual hope of replacing the smartphone. For VR, a near-term trend will be efforts to find new consumer use cases outside of gaming, to find growth outside of this crowded market.

The report contains breakdowns of the VR and AR app space today and in 2033, examining the effects of this evolution. Working from its database of pricing and technical data for most XR headsets released since 2010, IDTechEx quantitatively analyzes the history of these trends, reporting conclusions on the development of market segmentations, development path and gaps. of innovation in displays, optics and detection, and acting as a key input for IDTechEx’s market forecasts.

Industry overview and market forecasts

Numerous player profiles in the XR industry, from component manufacturers to content developers, form the basis of IDTechEx’s vision of its landscape, along with its attendance at conferences including Laval Virtual Europe, CES and Augmented World Expo in 2022/ twenty-one. These not only allow the IDTechEx report to offer a qualitative insight into the changing state of the XR hardware market, which is seeing increasing investment from major technology companies, but also form one of many data inputs into the forecasting process. from IDTechEx.

These forecasts divide the XR headset market into six granular categories, and predict that it will exceed US$20 billion by 2033. In addition, they forecast the development of the component industry, with 18 different granular categories overall, as well as the adoption of XR accessories. Discussion of the underlying methodology and the implications of these forecasts helps build a complete picture of market development.

Components, connectivity and computing

Without an understanding of the crucial components for the XR headphones, it’s hard to assess the path of hardware development here as a whole. As such, the report outlines the technology and industry landscape for XR optics, displays, sensors (including positional and eye tracking), and haptics. The implementation and consequences of new computing systems and connectivity standards in XR devices are detailed.

IDTechEx’s report, “Virtual, Augmented, and Mixed Reality 2023-2033: Technologies, Players, and Markets,” assesses the XR market in great detail, based on technology benchmarking, hands-on experience of top XR products, events, industrial data analysis. and more. The report includes multiple company profiles based on interviews with major players across different technologies. IDTechEx also develops granular 10-year market forecasts and assessments of the potential for success of the technologies covered. For more information about this report, including downloadable sample pages, visit www.IDTechEx.com/ARVR.

On IDTechEx

IDTechEx guides your strategic business decisions through its Research, Underwriting and Consulting products, helping you benefit from emerging technologies. For more information contact [email protected] or visit www.IDTechEx.com.

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