Global Shipments of XR (AR & VR) Headsets Drop 49% YoY in Q2 2023.
Recent statistics from Counterpoint show that in the second quarter of 2023, shipments of XR (Augmented Reality and Virtual Reality) headsets worldwide decreased significantly by 49% YoY. In comparison to the second quarter of the prior year, this reduction was much more pronounced, pointing to a struggle in the market brought on by weak demand. […]
The XR Sector’s Ability to Inspire Creativity.
Paul Doherty, president and chief executive officer of The Digit Group, recently discussed his company’s involvement in the Creativity Conference and his thoughts on the event. Additionally, he spoke on the value of creativity in the XR (Extended Reality) market and how it can be used to address problems faced by the sector. Doherty emphasized […]
By 2031, the global market for extended reality would generate $446.6 billion at a CAGR of 30.1%.
By 2031, the market for extended reality, which was valued at $33 billion in 2021, is expected to have grown to $446.6 billion, with a CAGR of 30.1% between 2022 and 2031. Virtual reality (VR) and augmented reality (AR) are other names for extended reality. With the help of a “digital twin world” that can […]
The future of extended reality is endless.
In the years to come, extended reality (XR) has the potential to intersect with almost every industry. Virtual reality (VR), a completely immersive, 360-degree digital world, augmented reality (AR), which enables you to interact with the actual world through digital overlays, and mixed reality (MR), a catch-all word for anything that combines the real and […]
A Subscription Service for XR Business Customers: Meta Quest for Business.
For XR corporate customers, Meta, formerly known as Facebook, has introduced Meta Quest for corporate, a tailored subscription service. The company intended to serve the needs of businesses with this new offering, in addition to releasing new products like Meta Quest 3 and Ray Ban | Meta Smart Glasses, as well as a selection of […]
Apple and Meta compete to create the best XR headsets possible.
Although Apple and Meta haven’t yet made their first consumer virtual reality headsets available, they are already hard at work on the upgrades. Bloomberg reported on October 8 that the Vision Pro, Apple’s first headset, will probably debut in the first half of 2023. High-resolution cameras that support mixed reality, a potent M2 chip made […]
Top Manufacturers (Facebook Inc., SoftServe Inc., Northern Digital Inc., Alphabet Inc., Semcon) in the Extended Reality (XR) Market Growth Rate Forecast (2023–2031).
The Global Extended Reality (XR) Market is predicted to grow significantly between 2023 and 2031, during the forecast period. The market is likely to increase over the anticipated period of time in 2022 because major companies are adopting strategies at an increasing rate. Based on application, end user, and location, the global Extended Reality Market […]
The Future of Extended Reality: Improving Immersion and Simulating Touch.
The immense potential of extended reality (XR), a technology that blends augmented reality (AR) and virtual reality (VR) to create immersive digital experiences, has being investigated by researchers supported by the EU. One project, TACTILITY, concentrated on creating a glove that replicates touch in virtual settings. Users can experience the sense of touching virtual items, […]
Digital innovation space launched at university.
The University of Leeds has created a cutting-edge digital learning environment for students, employees, and the surrounding community. HELIX provides cutting-edge and avant-garde digital learning resources, including immersive technology, maker and prototyping tools, and multimedia production facilities. It is a designated area where members of the community can work together on entrepreneurial, creative, and innovative […]
ARU Peterborough will build an extended reality center worth millions of pounds to provide industrial training.
The university in Peterborough will construct a multi-million dollar high-tech extended reality center that will imitate challenging workplaces for training. On the ground floor of ARU Peterborough’s Innovation and Research Centre, construction on an eXtended Reality Peterborough (XRP) is already underway. At the university’s site off Bishop’s Road, it will provide cutting-edge teaching and training […]
