Skip to main content

Why will Popularity of Extended Reality Surge in Asia-Pacific in Near Future?

The valuation of the extended reality market will grow from $18.6 billion in 2019 to $1,005.9 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 48.3% between 2020 and 2030. Depending on device type, the market is divided into headset, personal computer (PC), and mobile. Out of these, the headset category will exhibit the fastest growth in the coming years.

This is credited to the soaring requirement for VR/AR headsets all over the world and the development of advanced headsets by the industry players. For example, VIVE Focus Plus, which is a standalone headset that consists of a pair of updated motion controllers, was launched by HTC Corporation in February 2019. This product supports six degrees of freedom (6DoF) tracking and it is powered by Qualcomm Snapdragon 835. It also consists of a 3K active-matrix organic light-emitting diode (AMOLED) display.


 Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/extended-reality-xr-market-insights/report-sample

Geographically, the extended reality (XR) market will demonstrate the fastest growth in Asia-Pacific (APAC) in the coming years, as per the estimates of the market research company, P&S Intelligence. This is credited to the growing proliferation of various AR/VR mobile applications and the increasing adoption of immersive technologies in media & entertainment and gaming applications in the region. Additionally, the soaring expenditure on the development of immersive technologies is also driving the progress of the market in this region.

Hence, it is safe to say that the demand for extended reality solutions will skyrocket all over the world in the forthcoming years, primarily because of the growing popularity of immersive technologies in various applications and the ballooning usage of connected devices and smartphones in several countries.




Comments

Popular posts from this blog

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...

3D Printing Ceramics Market Research by Products & Services, Components & Geography

The technology has created immense opportunities for product designing and helped in consolidating product assembly processes. Ceramics are mainly used for printing plates, cups, and other cutlery items. Ceramic prototypes are also used in high temperature application areas in the aerospace and automotive industries. Get a free sample copy of this report @  https://www.psmarketresearch.com/market-analysis/3d-printing-ceramics-market/report-sample Rapid growth in the 3D printing ceramics market is driven by rise in demand for 3D printing in the dental industry and product modification, and development in various end-use industries. 3D printing is gaining demand in the healthcare industry, especially for dental applications. Ceramics are being preferred for 3D printing of orthopedic and dental implants, and heart valves, due to their characteristics such as inertness, porosity, resistance to high wear, high compression strength, and capability to mold into a variety of shapes...