North America AR/VR Chip Market Report 2022: Uptake in Education, Medical and Commercial Sectors Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 11, 2022--

The "North America AR/VR Chip Market Size, Share & Industry Trends Analysis Report by Device Type, End-user, Chip Type, Country and Growth Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The North America AR/VR Chip Market would witness market growth of 24.4% CAGR during the forecast period (2022-2028).

The main benefit of augmented reality is how elements of the digital world are integrated into how people experience the actual world, not just as a display of data but also through the incorporation of immersive experiences that are viewed as organic elements of a setting. Commercial augmented reality applications first appeared in the gaming and entertainment industries.

Applications for augmented reality have since expanded to include commercial sectors like education, communications, medical, and entertainment. When it comes to education, content can be accessed by using either markerless AR techniques or scanning or seeing a picture on a mobile device. Natural settings or circumstances can be improved by augmented reality, which also provides perceptually richer experiences.

Advanced AR technologies enable interactive and digitally modified information regarding the user's immediate environment, such as computer vision, AR cameras integrated into smartphone applications, and object identification. On top of the real world, information about the surroundings and their constituents is displayed. Any artificial experience that augments the real world is referred to as augmented reality or actual, such as when electromagnetic radio waves are observed overlaid in perfect alignment with where they are in reality in space.

The developed countries in this region are making a significant contribution to the expansion of the local market for AR. The largest market for human improvement in North America is the United States, followed by Canada. The US Intelligence Community (IC) could change and become stronger as a result of artificial intelligence (AI), but it also presents unprecedented challenges from adversaries that are highly skilled in technology.

The US market dominated the North America AR/VR Chip Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,567.2 Million by 2028. The Canada market is poised to grow at a CAGR of 27.2% during (2022-2028). Additionally, The Mexico market would witness a CAGR of 26.1% during (2022-2028).

Scope of the Study

Market Segments Covered in the Report:

By Device Type

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

By End User

• Gaming
• Entertainment & Media
• Aerospace & Defense
• Healthcare
• Others

By Chip Type

• Processor ICs
• User Interface ICs
• Power Management IC

By Country

• US
• Canada
• Mexico
• Rest of North America

Key Market Players

List of Companies Profiled in the Report:

• IBM Corporation
• NVIDIA Corporation
• Intel Corporation
• Samsung Electronics Co., Ltd. (Samsung Group)
• QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
• Spectra7 Microsystems Inc.
• MediaTek, Inc.
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Advanced Micro Devices, Inc.
• Imagination Technologies Limited

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

Chapter 3. Competition Analysis - Global

Chapter 4. North America AR/VR Chip Market by Device Type

Chapter 5. North America AR/VR Chip Market by End User

Chapter 6. North America AR/VR Chip Market by Chip Type

Chapter 7. North America AR/VR Chip Market by Country

Chapter 8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/90uau1

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KEYWORD: NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE OTHER TECHNOLOGY

SOURCE: Research and Markets

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