By 2030, the market for augmented and virtual reality (AR VR) is expected to expand quickly.
According to a recent study analysis, the global Augmented and Virtual Reality (AR VR) industry is expected to experience rapid expansion between 2023 and 2030. The market is anticipated to grow at a compound annual growth rate (CAGR) of 38.69% during the projected period due to the growing adoption of strategies by key players. The […]
Market Share 2023, Size ($30.7 Bn), Trends, and Forecast Report 2028 for AR and VR Smart Glasses.
How Big is the Market for AR VR Smart Glasses? In 2022, the market for AR and VR smart glasses was valued at US$14.6 billion. Looking ahead, IMARC Group projects that the market will develop at a compound annual growth rate (CAGR) of 13.5% between 2023 and 2028, reaching US$ 30.7 billion. What do the […]
Three motivating factors for mixed reality enthusiasm.
While virtual reality aims to completely immerse you, mixed reality has the capacity to incorporate digital aspects into the actual world or to blend the two. I identified and outlined two reasons why mixed reality will be a game-changer for the medium in parts one and two of my three-part series. Second, it makes possible […]
Researchers are developing smart contacts that are powered by human tears.
When you have excellent, old-fashioned emotions, who needs an external battery? Researchers at Nanyang Technological University in Singapore (NTU Singapore) have started developing augmented reality (AR) contact lenses that can project digital data onto physical objects. The group has started working on a flexible battery that will be about as thin as the human cornea. […]
Mattel, Hasbro, Lego, Sony, Vtech, Ubtech, Dji, and Irobot will dominate the $24.1 billion global connected toys market from 2023 to 2028.
According to projections, the market for connected toys would increase from USD 9.3 billion in 2023 to USD 24.1 billion by 2028, at a CAGR of 20.7% from 2023 to 2028. Several strong drivers support the dynamic growth of the connected toys market in the Asia Pacific region. This impetus is further amplified by the […]
2023 to 2030: Open World Game Market: Vast Virtual Worlds of Exploration and Adventure | MiHoYo, Tencent, Ubisoft, Sony.
In recent years, the open world game market has grown significantly and taken control of the video game market. Large, immersive worlds that promote exploration, interaction, and free will are provided by open-world video games. Hardcore gamers and recreational players alike have all been drawn to this genre. The growth of the market can be […]
Developers are audibly gasping at how excellent Apple’s Vision Pro is.
Apple might be about to release a product that genuinely lives up to the expectations despite the fact that many companies have tried to break into the virtual reality market. At WWDC, Apple unveiled the Vision Pro, describing it as a “spatial computer.” The experience is much better than many developers anticipated, and the company […]
The immersive tech revolution has the potential to transform Indian healthcare.
Forecasts also suggest that the Indian AR and VR market might reach $14 billion by 2027. A notable beneficiary of the growing uptake of immersive technologies like augmented reality (AR), virtual reality (VR), and mixed reality (MR) is the healthcare industry. The pandemic’s demands and the emergence of creative businesses that are actively pushing boundaries […]
How the UK is putting money towards augmented and virtual reality technology.
Since its early days, virtual and augmented reality has advanced significantly. Of course, VR has developed throughout the years, and in the 1990s, businesses like Sony and Sega created hardware that is somewhat reminiscent of that used today. Industries all around the world have begun to embrace this technology, and many have ambitious ambitions to […]
To ensure safety and reduce training costs, auto companies choose XR-painting.
The ability to imitate a conveyor belt on the work floor for painting is one of extended reality’s key benefits. The existence of a conveyor system only for training reasons is economically impossible. Additionally, doing so can avoid having to pay to stop the conveyor belt when something goes wrong. The XR is a component […]
