Extended Reality (XR) Global Market and Trends
Date : 2021-12-23
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Extended reality (XR) technology refers to a combination of real and virtual through computer technology and wearable devices and is an extended display technology that integrates AR, VR and MR technologies to achieve the effect of naked-eye 3D, the soul of which is the ability to synchronize the dissemination of real-time picture data. XR devices are considered to be the key connecting devices of the metaverse ecology with their 3D, natural interaction, spatial computing and other characteristics that are completely different from the mobile Internet. In the future, XR technology can be applied in the medical industry, education and learning industry, office scenes meeting, travel, military, stage effects, movies, shopping and many other fields, covering all aspects of life.
The global market size of XR is 14.41 billion USD in 2016, and the global market size of XR reaches 44.90 billion USD in 2021, with a CAGR of 25.5% from 2016 to 2021. With the rapid development of smartphones and 5G, the market demand for XR technology and equipment will boom in the future, and the global market size of XR is expected to increase to $114.87 billion in 2026, with a CAGR of 27.1% from 2021 to 2026.
The XR industry consists of five key technologies: near-eye display technology, perceptual interaction technology, network transmission technology, rendering computing technology, and cloud content production and distribution. The following chart shows the profiles of leading XR technology companies worldwide.
The global market size of XR is 14.41 billion USD in 2016, and the global market size of XR reaches 44.90 billion USD in 2021, with a CAGR of 25.5% from 2016 to 2021. With the rapid development of smartphones and 5G, the market demand for XR technology and equipment will boom in the future, and the global market size of XR is expected to increase to $114.87 billion in 2026, with a CAGR of 27.1% from 2021 to 2026.
The XR industry consists of five key technologies: near-eye display technology, perceptual interaction technology, network transmission technology, rendering computing technology, and cloud content production and distribution. The following chart shows the profiles of leading XR technology companies worldwide.