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Global AR and VR Display Market (2021 to 2026) - Rising Investments in AR and VR Ecosystems Presents Opportunities

Added 05-14-21 07:04:01am EST - “Dublin, May 14, 2021 (GLOBE NEWSWIRE) -- The "Global AR and VR Display Market with COVID-19 Impact Analysis by Device Type (AR HMDs, VR HMDs, AR HUDs, VR Projectors), Technology (AR, VR), Display Technology (LCD, OLED, Micro-LED,…” - Finance.yahoo.com

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Posted By TheNewsCommenter: From Finance.yahoo.com: “Global AR and VR Display Market (2021 to 2026) - Rising Investments in AR and VR Ecosystems Presents Opportunities”. Below is an excerpt from the article.

Dublin, May 14, 2021 (GLOBE NEWSWIRE) -- The "Global AR and VR Display Market with COVID-19 Impact Analysis by Device Type (AR HMDs, VR HMDs, AR HUDs, VR Projectors), Technology (AR, VR), Display Technology (LCD, OLED, Micro-LED, DLP, LCoS), Application, and Geography - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global AR and VR display market size was valued at USD 994 million in 2021 and is projected to reach USD 5,102 million by 2026. It is expected to grow at a CAGR of 38.7% during the forecast period.

Growing adoption of AR and VR devices in various applications, increasing demand for OLED displays in AR and VR devices, growing adoption of AR and VR HMDs in different industries, and adoption of AR and VR devices in gaming industry are the key driving factors for the AR and VR display market. However, development of widescreen alternatives and limited availability of relevant content hampering the growth of the market.

The use of AR HMDs for enterprise and healthcare applications will be the major factor driving the growth of the market in the next 5 years. AR HMDs are used in different applications, including consumer, commercial, enterprise, aerospace & defense, automotive, and healthcare.

The use of AR HMDs in retail would drive the market growth for AR HMDs for commercial applications. The increasing number of local manufacturers and the growing adoption of VR HMDs in APAC are among the major factors for the high estimated growth of VR HMDs in APAC.

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