Extended Reality Display Market Growth Outlook Through 2024-2033

Overview and Scope
Extended reality display refers to a display technology that encompasses virtual reality (VR), augmented reality (AR), and mixed reality (MR). It involves using immersive displays to blend digital content with the physical world or create entirely virtual environments. The extended reality display is used in gaming and entertainment to provide immersive and interactive experiences for users.

Sizing and Forecast
The extended reality display market size has grown exponentially in recent years. It will grow from $1.52 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 34.7%. The growth in the historic period can be attributed to research and usability testing, gaming and entertainment, medical and healthcare applications, market research and advertising, human-computer interaction.

The extended reality display market size is expected to see exponential growth in the next few years. It will grow to $6.81 billion in 2028 at a compound annual growth rate (CAGR) of 35.1%. The growth in the forecast period can be attributed to expanded virtual reality (VR) and augmented reality (AR) applications, e-commerce and retail integration, health monitoring wearables, education sector adoption, smart devices and internet of things (iot). Major trends in the forecast period include application in neuromarketing, rise in wearable eye tracking devices, eye tracking in automotive design and driver monitoring, advancements in healthcare applications, remote work collaboration.

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Segmentation & Regional Insights
The extended reality display market covered in this report is segmented –

1) By Display Type: Liquid Crystal Displays (LCD), Organic Light-Emitting Diode (OLED), Other Display Type
2) By Component: Hardware, Software, Services
3) By Solution: Business Engagement, Consumer Engagement
4) By Application: Augmented Reality, Mixed Reality, Virtual Reality
5) By End-User Industry: Gaming and Entertainment, Healthcare, Education, Military and Defense, Automotive and Manufacturing, Retail, Other End-Users

North America was the largest region in the extended reality display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the extended reality display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising usage of smartphones is expected to propel the growth of the extended reality display market going forward. Smartphones are advanced mobile phones that combine the functionality of a traditional mobile device with features typically found in computing devices. Extended reality displays are used in smartphones to seamlessly integrate digital information into the real world through augmented reality (AR) and mixed reality (MR). For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. Further, the UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the rising usage of smartphones is driving the growth of the extended reality display market.

Key Industry Players

Major companies operating in the extended reality display market report are Apple Inc., Alphabet, Samsung Electronics Co. Ltd., Microsoft, Meta Platforms Inc., Dell Technologies Inc., Sony Corporation, HP Development Company L.P., Accenture PLC, Qualcomm Technologies Inc., Koninklijke Philips N.V., Vuzix Corporation, Seiko Epson Corporation, Japan Display Inc., PTC Inc., Niantic Inc., Tata Elxsi Limited, Magic Leap, MAGIC LEAP Inc., HTC Corporation, EON Reality Inc., Talespin Reality Labs Inc., Kopin Corporation, Varjo Technologies Oy, Zappar, SphereGen Technologies LLC, Metaio, Softweb Solutions Inc.

The extended reality display market report table of contents includes:

1. Executive Summary
2. Extended Reality Display Market Characteristics
3. Extended Reality Display Market Trends And Strategies
4. Extended Reality Display Market – Macro Economic Scenario
5. Global Extended Reality Display Market Size and Growth
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31. Extended Reality Display Market Other Major And Innovative Companies
32. Global Extended Reality Display Market Competitive Benchmarking
33. Global Extended Reality Display Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Extended Reality Display Market
35. Extended Reality Display Market Future Outlook and Potential Analysis
36.Appendix

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