Mixed Reality (MR) Market to Reach US$ 7,767.48 Million by 2027 | IMARC Group
Global Mixed Reality (MR) Market size reached US$ 755.81 Million in 2021. By 2027, it will reach a value of US$ 7,767.48 Million, CAGR of 43.70% (2022-2027).
SHERIDAN, WYOMING, USA, November 10, 2022 /EINPresswire.com/ — The latest research study “Mixed reality (MR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global mixed reality (MR) market size reached US$ 755.81 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7,767.48 Million by 2027 exhibiting a CAGR of 43.70% during 2022-2027.
What is Mixed reality (MR) Market ?
Mixed reality (MR) represents an emergent technology that makes new visualizations and environment where digital as well as physical objects and their data can co-exist and interact with each other. It usually combines the best aspects of virtual and augmented reality.
Mixed reality utilizes a projector to depict pictures on semi-transparent materials, which are eventually reflected back to the eye via beam-splitting equipment. It is used for numerous applications, including maintenance and operations, design and development, production, reporting and analytics, quality control and distribution, etc. Consequently, mixed reality finds wide-ranging utilization in several industries, such as education, healthcare, architecture, aerospace, defense, etc.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the key factors driving the Mixed Reality (MR) Market
The widespread adoption of MR in the gaming and entertainment sector to create realistic games and provide users with immersive experiences is primarily driving the mixed reality market. Besides this, it is also used in the education sector to make learning more interactive by using 3D pictures and infographics to understand concepts better, which is propelling the market growth.
Additionally, the introduction of AR earbuds that filter specific real-world sound is improving the performance of MR, thereby allowing it to be utilized for a broader range of applications. Apart from this, the escalating demand for mixed reality to provide high-quality assistance to doctors and medical specialists in diagnosis, training, surgeries, treatments, rehabilitation, etc., is acting as another significant growth-inducing factor.
Furthermore, the increasing investments in hardware devices, platforms, and software ecosystems for replacing keyboards and flat displays with entirely new paradigms are anticipated to fuel the mixed reality market over the forecasted period.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
Hardware
Sensor
Semiconductor Component
Power Units
Software
Breakup by Device Type:
Wired Device
Wireless Device
Breakup by Application:
Aerospace and Defense
Architecture
Entertainment and Gaming
Medical
Simulation Training
Visualization of Scans
Simulation Surgery
Others
By Geography:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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List of Major Key Players:
The major players in the market are
Apple Inc. [NASDAQ: AAPL]
Canon Inc [NYSE: CAJ]
Dell Technologies Inc.[ NYSE: DELL]
EON Reality
Facebook Inc.[ NASDAQ: META]
HP Development Company L.P [NYSE: HPQ]
HTC Corporation
Intel Corporation
Magic Leap Inc.
Microsoft Corporation
Samsung Electronics Co Ltd. [KRX: 005930]
and Seiko Epson Corporation.[ OTCMKTS: SEKEY]
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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