Extended Reality (XR) Market Enabling Growth Through Continuous Improvement

(Heraldkeepers via Comtex)

The Extended Reality (XR) Market size is projected to reach USD XX Million by 2026, from USD XX Million in 2020 growing at a CAGR of 62.45% during 2021-2026. The research covers the current and historic market size and its growth trend with company outline of Key players/manufacturers: Qualcomm Incorporated, NVIDIA Corporation HP Reveal, Intel Corporation, Samsung Electronics Co Ltd., Microsoft Corporation, Accenture, Agile Lens, Tata Exlsi, Fujitsu Ltd, among others.

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This global Extended Reality (XR) market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the industry with analysis on vendors, geographical regions, types, and applications. This Extended Reality (XR) market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player. This global Extended Reality (XR) market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

With the effectual use of technology, innovative applications and expertise, this Extended Reality (XR) market research report has been generated which successfully manages bulky and complex market data tables. To give clear idea about the current and future marketplace, most up to date market insights and analysis has been offered via this report. Several critical market factors covered in this Extended Reality (XR) Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. Market research report execution is becoming very central for the businesses to gain success because it offers insights into revenue growth and sustainability initiative.

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The market for the extended reality (XR) is being impacted by COVID-19, primarily due to multiple factors that include physical lockdowns, essential e-commerce delivery limitations, brick-and-mortar retail closures, supply chain disruptions (supplier, manufacturer, distribution, wholesale, retail), and economic impacts.é?? Further, a player such as Avnet Inc. has implemented operating cost-saving restructuring plans, including plans to reduce operating costs by USD 75 million annually by the second quarter of FY 2021. Avnet expects to use cash for restructuring, integration, and other expenses. Such initiatives are made to tackle the uncertainty caused by the COVID-19 outbreak. é??

Extended reality (XR) is currently an emerging umbrella term that encompasses immersive technologies, such as augmented reality, virtual reality, and mixed reality, as well as other future realities such technologies might bring.é?? The increasing demand for reducing the distance between people and richer visual content is driving market demand. According to a survey by Accenture, in 2018, 80% of the business executives believed that it is essential to leverage XR solutions to bridge physical distance during employee engagement.

Companies are also developing supporting technologies for XR platforms, which are forecast to contribute in commercializing XR technologies, globally. In January 2019, Northern Digital Inc., a global manufacturer of 3D measurement and motion tracking solutions, launched its new electromagnetic sensor-fusion tracking technology for XR platform: Atraxa. é??

Identifying a great potential in the XR domain, several companies have established their XR product lines, globally. For instance, Qualcomm has developed First Responder XR Glass that uses inertial, haptic, environmental, and health sensors, eye tracking cameras, bone conduction transducers, and other components, aimed for more intelligent and faster interaction with the environment. é??

Microsoft developed HoloLens 2, which is a handsfree mixed reality headset that is a guiding force for XR existence. It enables 3D visual training, hands-free video calling, as well as generate virtual floor or room plan map.

However, XR adoption requires ubiquitous and wireless connectivity at fiber-optic speed, which is not yet feasible in all countries. Moreover, there is a risk of misuse of personal data, since XR can measure user's feelings etc., thereby making them vulnerable to cyber theft and manipulation.

Major Classifications are as follows:

Extended Reality (XR) Market: By Component

Hardware
Software
Services

Extended Reality (XR) Market: By Device Type

Mobile
PC
Headset

Extended Reality (XR) Market: By User

Single-user
Multi-user

Extended Reality (XR) Market: By Delivery Model

Consumer engagement
Business engagement

Extended Reality (XR) Market: By Application

VR
AR
MR

Extended Reality (XR) Market: By Industry

Retail
Education
Industrial & manufacturing
Healthcare
Media & entertainment
Gaming
Aerospace & defense
Others

Extended Reality (XR) Market: By Geography

Europe
Germany
France
United Kingdom
Italy
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Rest of Asia Pacific
North America
U.S.
Canada
South America
Brazil
Argentina
Rest of South America
Rest of the World
Middle East
Africa

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Extended Reality (XR) Market : Report Chapters

Chapter 01 - Executive Summary

Chapter 02 - Market Overview

Chapter 03 - Key Market Trends

Chapter 04 - Key Success Factors

Chapter 05 - Global Extended Reality (XR) Market – Pricing Analysis

Chapter 06 - Global Extended Reality (XR) Market Demand (in Value or Size in US$ Mn) Analysis and Forecast, 2021-2026

Chapter 07 - Market Background

Chapter 08 - Global Extended Reality (XR) Market Analysis () & Opportunity Assessment , By Product Type

Chapter 09 - Global Extended Reality (XR) Market Analysis & Opportunity Assessment , by Distribution Channel

Chapter 10 - Global Extended Reality (XR) Market Analysis & Opportunity Assessment , by Region

Chapter 11 - North America Extended Reality (XR) market Analysis & Opportunity Assessment

Chapter 12 - Latin America Extended Reality (XR) Market Analysis & Opportunity Assessment

Chapter 13 -Europe Extended Reality (XR) market Analysis & Opportunity Assessment

Chapter 14 - East Asia Extended Reality (XR) market Analysis and Forecast

Chapter 15 - South Asia Extended Reality (XR) market Analysis and Forecast

Chapter 16 - Oceania Extended Reality (XR) market Analysis and Forecast

Chapter 17 - MEA Extended Reality (XR) market Analysis & Opportunity Assessment

Chapter 18 - Market Structure Analysis

Chapter 19 - Competition Analysis

Chapter 20 - Assumptions and Acronyms Used

Chapter 21 - Research Methodology

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