Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Mixed Reality Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global mixed reality market size reached US$ 755.81 Million in 2021. Looking forward, the publisher expects the market to reach US$ 7,767.48 Million by 2027, exhibiting a CAGR of 47.45% during 2021-2027.
Companies Mentioned
- Apple Inc.
- Canon Inc
- Dell Technologies Inc.
- EON Reality
- Facebook Inc.
- HP Development Company L.P
- HTC Corporation
- Intel Corporation
- Magic Leap Inc.
- Microsoft Corporation
- Samsung Electronics Co Ltd.
- Seiko Epson Corporation.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Mixed reality (MR) refers to an emergent technology that merges the real and virtual worlds to create new visualizations and environments where both digital and physical objects, as well as their data, can co-exist and interact with each other. It combines the best aspects of virtual and augmented reality.
Mixed reality uses a projector to project pictures onto semi-transparent materials, which are subsequently reflected back to the eye via beam-splitting equipment. It is utilized for various applications, such as maintenance and operations, design and development, production, reporting and analytics, quality control and distribution, etc. As a result, MR finds widespread utilization across several industries, including education, healthcare, architecture, aerospace and defense, etc.
The growing adoption of mixed reality in the gaming and entertainment industry to create realistic games and provide users with immersive experiences is primarily driving the global mixed reality market. In addition to this, the increasing utilization of MR in the education sector to make learning more interactive by using 3D pictures and infographics for a better understanding of concepts is further propelling the product demand.
Moreover, the extensive investments in hardware devices, platforms, and software ecosystems for replacing keyboards and flat displays with entirely new paradigms for collaboration and communication are also stimulating the market growth. Apart from this, the rising use of mixed reality in architectural and interior designing to improve process efficiency and standard supply chain is creating a positive outlook for the global market.
Furthermore, the elevating utilization of MR in wearables for a variety of field operations, such as maintenance and delivery services, is acting as another significant growth-inducing factor. Besides this, the inflating usage of mixed reality in the healthcare sector to provide high-quality assistance to doctors and medical specialists in diagnosis, training, surgeries, treatments, and rehabilitation is catalyzing the growth of the market.
Additionally, several technological enhancements, including AR earbuds that filter specific real-world sounds, are also enhancing the performance of MR, allowing it to be used for a broader range of applications. This, in turn, is expected to augment the growth of the global mixed reality market over the forecasted period.
Key Questions Answered in This Report:
- How has the global mixed reality market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global mixed reality market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the device type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global mixed reality market and who are the key players?
- What is the degree of competition in the industry?
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 145 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $755.81 Million |
| Forecasted Market Value (USD) by 2027 | $7767.48 Million |
| Compound Annual Growth Rate | 47.4% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Mixed Reality Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Sensor
6.1.2.2 Semiconductor Component
6.1.2.3 Power Units
6.1.3 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Device Type
7.1 Wired Device
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wireless Device
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Aerospace and Defense
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Architecture
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Entertainment and Gaming
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Medical
8.4.1 Market Trends
8.4.2 Key Segments
8.4.2.1 Simulation Training
8.4.2.2 Visualization of Scans
8.4.2.3 Simulation Surgery
8.4.3 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/l22p4d-reality?w=12
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