AP NEWS

Global Digital Reality Market Forecast to 2021 - ResearchAndMarkets.com

September 21, 2018

DUBLIN--(BUSINESS WIRE)--Sep 21, 2018--The “Future of Global Digital Reality Market, Forecast to 2021” report has been added to ResearchAndMarkets.com’s offering.

The AR and VR market revenue is expected to reach $55.01 billion by 2021

Growth will mainly be derived by AR and VR applications in manufacturing and simulation modeling. Advancements in technology such as 5G, artificial intelligence, edge computing, and robotics are expected to transform the augmented and virtual reality experiences in the near future. This transformation will give rise to future opportunities in sectors such as media, gaming, telepresence, retail, medicine, and education. The hardware market of AR and VR will grow tremendously by 2021, mainly due to a 10-fold increase in AR and VR headset shipments by 2021.

VR application in the manufacturing sector is projected to increase by 98.9% between 2017 and 2021. AR application in the education and training sector will see tremendous growth by 2021 due to rising investments in smart cities development and defense security applications.

Another significant trend is the high-growth prospects of the Asia-Pacific region in AR and VR applications, mainly supported by the Chinese market, which is expected to grow at a rate of 80% between now and 2021. The application landscape will observe segments such as AR gaming, connected cars, live streaming, and pay-per-view events that are already being adopted now and the this is expected to offer a major revenue source in the AR and VR application market.

This study will highlight the revenue analysis across types of devices, application areas, regional prospects, software, and hardware. This research service will also provide a peek into the future use cases of VR and AR technology and also help in identifying the future opportunities across AR and VR applications.

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objective, And Methodology

3. Introduction

4. Market Analysis

5. Emerging Application Areas In Public Sector

6. Emerging Application Areas In Automotive

7. Emerging Application Areas In Education And Training

8. Emerging Application Areas In Manufacturing, Robotics, And Engineering

9. Emerging Application Areas In Healthcare

10. Emerging Application Areas In Retail And Hospitality

11. Emerging Application Areas In Entertainment

12. Future Opportunities

13. The Last Word

14. Appendix

Companies Mentioned

Alibaba GroupBest WesternContinentalDassault SystemesDHLEONFordGEIKEAImmersiveTouchJaguarKelowna Hotel & SuitesKineoLand RoverLockheed MartinMcDonald’sMicrosoftRaytheonVolvoVRPhysioFor more information about this report visit https://www.researchandmarkets.com/research/tn3spq/global_digital?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180921005109/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Virtual and Augmented Reality

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY AUDIO/VIDEO

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/21/2018 04:25 AM/DISC: 09/21/2018 04:25 AM

http://www.businesswire.com/news/home/20180921005109/en

AP RADIO
Update hourly