AR/VR Chip Market 2022-2027 | Industry Analysis, Share, Size, Future Scope and Report

The latest research study “AR/VR Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global AR/VR chip market size reached US$ 2.85 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.99 Billion by 2027, exhibiting a growth rate (CAGR) of 23.40% during 2022-2027.

Augmented reality (AR) and virtual reality (VR) chips represent electronic circuits installed in numerous devices. AR refers to a technology that seamlessly merges the real world with virtual objects to support realistic, intelligent, and personalized experiences. On the other hand, VR is a computer-generated simulation to facilitate interaction between an artificial three-dimensional (3D) environment. They are manufactured by using silicon, plastic, and metal wires to create the layers of the circuit. AR and VR chips are widely used in handheld devices, head-up, head-mounted displays (HMDs), gesture tracking devices, projectors, display walls, etc. As a result, they find wide-ranging applications across various sectors, including gaming, aerospace and defense, education, media and entertainment, etc.

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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AR/VR Chip Market Trends and Drivers: 

The growing number of gaming features in smartphones and other devices to enhance the overall user interface experience is primarily augmenting the AR/VR chip market. Furthermore, the increasing utilization of these chips in sensor-based games to control electronic signals via a semiconductor is acting as another significant growth-inducing factor. Besides this, they are adopted in the healthcare sector to train students, nurses, and other medical professionals by providing valuable tools for training medical personnel without jeopardizing or endangering one life, which is also bolstering the market growth. Moreover, the escalating demand for AR/VR chips in HMDs and goggles with 360-degree viewing capabilities to offer superior vision, high-resolution visuals, 3D viewing, etc., is further catalyzing the global market. Apart from this, they are used in civil aviation or military applications to establish a virtual environment for training pilots and understanding difficulties via strategic mapping, which is expected to fuel the AR/VR chip market in the coming years.

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AR/VR Chip Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Advanced Micro Devices Inc., Broadcom Inc., Intel Corporation, MediaTek Inc., Nvidia Corporation, Qualcomm Incorporated and Spectra7 Microsystems.

The report has been segmented the market into following categories:

Breakup by Chip Type:

• Processor ICs
• User Interface ICs
• Power Management IC

Breakup by Device Type:

• Head Mounted Display
• Gesture Tracking Device
• Projector and Display Wall
• Head Up Display
• Handheld Device

Breakup by End User:

• Gaming
• Entertainment and Media
• Aerospace and Defense
• Healthcare
• 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

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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