Market Overview:
The global extended reality (XR) market reached a value of US$ 42.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 465.26 Billion by 2027 exhibiting a CAGR of 46.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different industries. These insights are included in the report as a major market contributor.
Extended reality (XR) refers to the amalgamation of immersive graphics technologies, such as augmented reality (AR), virtual reality (VR), and mixed reality (MR). It relies on applications and headsets that create an interactive virtual experience by generating realistic sounds and images. At present, it is widely used in various corporate recruitment processes, including onboarding, employee training, and diversity and inclusion (D&I). It is also leveraged by companies across the globe to advertise their products and services while reducing expenditure and providing hands-on experience to users.
Extended Reality (XR) Market Trends:
Due to the global spread of coronavirus disease (COVID-19) and the growing concerns about workplace safety, several enterprises have shifted to the remote working environment via the cloud. This represents one of the key factors catalyzing the demand for XR to enable employees to visualize a live environment of their offices, attend virtual meetings, and work from home efficiently. Apart from this, the increasing number of individuals opting for online gaming as a profession due to significant improvements in internet connectivity and the easy availability of advanced gaming peripherals is contributing to the market growth. Additionally, the thriving entertainment industry is driving the use of XR for experiencing live events like concerts and sports competitions on smartphones remotely. Besides this, XR is employed in modern imaging technologies, such as magnetic resonance imaging (MRI) and computerized tomography (CT) scans. This, in confluence with the rising prevalence of chronic diseases and the escalating need for improving diagnostic efficiency, is positively influencing the application of XR in the healthcare industry. Furthermore, the growing awareness of the benefits of XR is anticipated to expand its usage in the retail, defense, transportation, and travel and tourism industries worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global extended reality (XR) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, organization size, application and end user industry.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Type:
- Consumer Engagement
- Business Engagement
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Application:
- Virtual Reality (VR)
- Augmented Reality (AR)
- Mixed Reality (MR)
Breakup by End User Industry:
- Education
- Retail
- Industrial and Manufacturing
- Healthcare
- Media and Entertainment
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture PLC, Augray, Dassault Systèmes SolidWorks Corporation (Dassault Systèmes SE), Medtronic PLC, Microsoft Corporation, Qualcomm Incorporated, Samsung Display Co. Ltd. (Samsung Electronics Co. Ltd.), Semcon, SoftServe Inc., Softweb Solutions Inc. (Avnet Inc.), SphereGen, Varjo and VertexPlus Softwares Pvt. Ltd.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Type, Organization Size, Application, End User Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Accenture PLC, Augray, Dassault Systèmes SolidWorks Corporation (Dassault Systèmes SE), Medtronic PLC, Microsoft Corporation, Qualcomm Incorporated, Samsung Display Co. Ltd. (Samsung Electronics Co. Ltd.), Semcon, SoftServe Inc., Softweb Solutions Inc. (Avnet Inc.), SphereGen, Varjo and VertexPlus Softwares Pvt. Ltd. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global extended reality (XR) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global extended reality (XR) market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global extended reality (XR) market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Extended Reality (XR) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Type
7.1 Consumer Engagement
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Business Engagement
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Small and Medium-sized Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Virtual Reality (VR)
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Augmented Reality (AR)
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Mixed Reality (MR)
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End User Industry
10.1 Education
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Retail
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Industrial and Manufacturing
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Healthcare
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Media and Entertainment
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Accenture PLC
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Augray
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Dassault Systèmes SolidWorks Corporation (Dassault Systèmes SE)
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Medtronic PLC
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Microsoft Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Qualcomm Incorporated
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Samsung Display Co. Ltd. (Samsung Electronics Co. Ltd.)
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Semcon
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 SoftServe Inc.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Softweb Solutions Inc. (Avnet Inc.)
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 SphereGen
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Varjo
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.13 VertexPlus Softwares Pvt. Ltd.
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Extended Reality Market: Major Drivers and Challenges
Figure 2: Global: Extended Reality Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Extended Reality Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Extended Reality Market: Breakup by Component (in %), 2021
Figure 5: Global: Extended Reality Market: Breakup by Type (in %), 2021
Figure 6: Global: Extended Reality Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Extended Reality Market: Breakup by Application (in %), 2021
Figure 8: Global: Extended Reality Market: Breakup by End User Industry (in %), 2021
Figure 9: Global: Extended Reality Market: Breakup by Region (in %), 2021
Figure 10: Global: Extended Reality (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Extended Reality (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Extended Reality (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Extended Reality (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Extended Reality (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Extended Reality (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Extended Reality (Consumer Engagement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Extended Reality (Consumer Engagement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Extended Reality (Business Engagement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Extended Reality (Business Engagement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Extended Reality (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Extended Reality (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Extended Reality (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Extended Reality (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Extended Reality (Virtual Reality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Extended Reality (Virtual Reality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Extended Reality (Augmented Reality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Extended Reality (Augmented Reality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Extended Reality (Mixed Reality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Extended Reality (Mixed Reality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Extended Reality (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Extended Reality (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Extended Reality (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Extended Reality (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Extended Reality (Industrial and Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Extended Reality (Industrial and Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Extended Reality (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Extended Reality (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Extended Reality (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Extended Reality (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Extended Reality (Other End User Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Extended Reality (Other End User Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United States: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United States: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Canada: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Canada: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia-Pacific: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia-Pacific: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: China: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Germany: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Germany: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: France: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: France: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: United Kingdom: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: United Kingdom: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Italy: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Italy: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Spain: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Spain: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Russia: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Russia: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Latin America: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Latin America: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Brazil: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Brazil: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Mexico: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Mexico: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Middle East and Africa: Extended Reality Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Middle East and Africa: Extended Reality Market: Breakup by Country (in %), 2021
Figure 90: Middle East and Africa: Extended Reality Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Extended Reality Industry: SWOT Analysis
Figure 92: Global: Extended Reality Industry: Value Chain Analysis
Figure 93: Global: Extended Reality Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Extended Reality Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Extended Reality Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Extended Reality Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Extended Reality Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Extended Reality Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Extended Reality Market Forecast: Breakup by End User Industry (in Million US$), 2022-2027
Table 7: Global: Extended Reality Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Extended Reality Market: Competitive Structure
Table 9: Global: Extended Reality Market: Key Players