July 19, 2022
According to the business intelligence report titled ‘Global AR and VR Display Market Size study, By Device Type (AR, VR), By Technology (Polymerase Chain Reaction (PCR), Next-generation Sequencing (NGS), Capillary Electrophoresis, Nucleic Acid Isolation and Purification, Automated Liquid Handling, Microarrays, Rapid DNA Analysis), By Display Technology (LCD, OLED, Others), By Application (Consumer, Commercial, Enterprise, Automotive, Healthcare, Aerospace & Defense, Energy, Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global AR and VR display market size is expected to grow modestly over 2022-2028.
Increasing utilization across numerous sectors, coupled with the growing popularity of OLED displays as well as increasing product demand in the gaming vertical are the major factors driving global AR and VR display market growth.
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In addition, technological advancements in the field, growing investments aimed at improving AR and VR devices, and integration of micro displays are likely to unearth new opportunities for market expansion in the ensuing years.
Despite the positive outlook, limited availability of relevant content, and challenges associated with complex manufacturing processes are expected to impede the progress of the marketplace over the forecast timeframe.
Speaking of segmentation, worldwide AR and VR display market is bifurcated by device type, technology, display technology, and application spectrum for stakeholders to have a deeper understanding of trends and expansion beahviour during the analysis timeframe.
From a geographical viewpoint, North America market is slated to register notable traction during the assessment period, owing to increased product application across the verticals of education, automotive, and healthcare among others.
Meanwhile, Asia Pacific is a promising avenue for overall market expansion over 2022-2028, mainly attributable to growth in end-use verticals, along with the prevalence of leading players in the region.
Speaking of the competitive framework, Barco N.V., Sony Group Corporation, AU Optronics Corporation, Samsung Electronics Co. Ltd., Japan Display Inc., BOE Technology Group Co. Ltd., Syndiant Inc., Kopin Corporation, and LG Display Co. Ltd. are the major players influencing global AR and VR display industry trends.