The Extended Reality Global Market Report 2023, provides comprehensive information on the extended reality market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/extended-reality-global-market-report
The global extended reality market is expected to grow from $34.56 billion in 2022 to $44.62 billion in 2023 at a compound annual growth rate (CAGR) of 29.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The extended reality market is expected to reach $123.77 billion in 2027 at a CAGR of 29.1%.
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Product innovations are a key trend gaining popularity in the extended reality market. Major companies operating in the extended reality market are innovating new products to sustain their position in the market. For instance, in June 2023, Apple Inc., a US-based technology, launched Apple Vision Pro, a spatial computer that seamlessly merges digital content with the physical world. It features an ultra-high-resolution display system controlled by a user’s eyes, hands, and voice, offering an intuitive and natural input system. The device runs on Vision, a spatial operating system that enables multitasking and infinite screen real estate. Vision Pro revolutionizes personal computing with its advanced hardware and software technologies by creating an immersive and interactive computing environment.
The extended reality market is segmented:
1) By Component: Hardware, Software, Service
2) By Technologies: Augmented Reality (AR) Technology, Virtual Reality (VR) Technology, Mixed Reality (MR) Technology
3) By End User: Gaming, Retail, Healthcare, Manufacturing, Media And Entertainment, Education, Aerospace And Defense, Other End Users
North America was the largest region in the extended reality market in 2022.
The table of contents in TBRC’s extended reality market report includes:
1. Executive Summary
2. Extended Reality Market Characteristics
3. Extended Reality Market Trends And Strategies
4. Extended Reality Market – Macro Economic Scenario
5. Global Extended Reality Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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32. Global Extended Reality Market Competitive Benchmarking
33. Global Extended Reality Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Extended Reality Market
35. Extended Reality Market Future Outlook and Potential Analysis
36. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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