Surge in Usage of Tablets and Smartphones for AR & VR to Boost Global Market Growth
New York, US, Oct. 25, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “AR and VR Hardware Market Research Report: Information By hardware type, By application, By industry vertical and Region
The AR and VR hardware market is projected to reach USD 3,89,066.4 million at a CAGR of 37.8% by 2030, as per the latest report by Market Research Future (MRFR).
The surge in the usage of tablets and smartphones for Augmented Reality (AR) and Virtual Reality (VR) applications is expected to significantly boost global market growth. With increasing demand for immersive experiences, the AR and VR hardware market is witnessing rapid expansion. The versatility and portability of tablets and smartphones make them ideal devices for AR and VR technologies, driving innovation and adoption across various industries.
As hardware advancements continue to enhance the capabilities of AR and VR devices, consumers are increasingly turning to tablets and smartphones for interactive gaming, virtual tours, educational simulations, and more. This shift towards mobile-based AR and VR experiences is revolutionizing the way we interact with technology, opening up a world of possibilities for entertainment, communication, and productivity.
Industry experts predict that the market for AR and VR hardware will continue to grow at a rapid pace, driven by advancements in display technologies, processing power, and sensor integration. With the increasing popularity of immersive experiences and the growing demand for AR and VR applications in various sectors such as healthcare, retail, and education, the global market is poised for significant expansion in the coming years.
Overall, the surge in the usage of tablets and smartphones for AR and VR applications is expected to fuel the growth of the global market, creating new opportunities for innovation and development in the tech industry.
How This Will Affect Me
As a consumer, the increased usage of tablets and smartphones for AR and VR applications will bring cutting-edge technologies to your fingertips. You can expect more immersive and interactive experiences, whether you’re playing games, exploring virtual environments, or engaging in educational simulations. The convenience of having AR and VR capabilities on your mobile devices will revolutionize the way you interact with technology, opening up new possibilities for entertainment and productivity.
How This Will Affect the World
The widespread adoption of tablets and smartphones for AR and VR applications will have a profound impact on industries across the globe. From healthcare and education to retail and entertainment, businesses are leveraging AR and VR technologies to enhance customer experiences, streamline operations, and drive innovation. The global market for AR and VR hardware is set to experience significant growth, leading to a tech revolution that will shape the future of how we interact with technology.
Conclusion
The surge in the usage of tablets and smartphones for AR and VR applications is propelling the global market for hardware to new heights. With increasing demand for immersive experiences and technological advancements driving innovation, the future looks bright for the AR and VR industry. As consumers and businesses alike embrace these cutting-edge technologies, the possibilities for creativity, communication, and collaboration are endless.
