BOSTON, September 29, 2022 /PRNewswire/ — Virtual, augmented and mixed reality (VR/AR/MR) devices promise to revolutionize the way we interact, acting as gateways to the metaverse. Although these technologies already achieve limited adoption, extensive headset hardware development 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 technical and market 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 devices replace the real environment with virtual content, while AR devices overlay content on top of the real world. MR-enabled AR devices blur the line between the real and digital worlds, with overlaying virtual content that interacts 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 out of the historically tough consumer market with initial targeting of more niche devices on the way to eventually hopefully 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 technical and pricing 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 sensing, and acting as a key input to 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. Not only do these 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 tech companies, but they also form one of many data inputs into the forecasting process. from IDTechEx.

These forecasts break down the XR headset market into six granular categories, predicting it will outperform US$20 billion by 2033. In addition, they forecast the development of the components industry, with 18 different granular categories overall, as well as the adoption of XR accessories. The discussion of the underlying methodology and the implications of these forecasts helps to build a complete picture of the market development.

Components, connectivity and computing

Without an understanding of the crucial components for the XR headset, it’s difficult 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 leading XR products, events, industrial data analysis. and more. The report includes multiple company profiles based on interviews with major players across the different technologies. IDTechEx also develops granular 10-year market forecasts and assessments of the potential for success of covered technologies. 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 research@IDTechEx.com or visit www.IDTechEx.com.

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