The AR/VR chip market growth is driven by rise in demand for AR/VR chip in gaming vertical, cost-efficient benefits of augmented and virtual reality based solutions, and surge in need for the adoption of AR/VR in various applications.
According to the latest report of Allied Market Research, titled “AR/VR Chip Market by Chip Type (Processor ICs, User Interface ICs, and Power Management ICs), Device Type (Head Mounted Display, Head Up Display, Handheld Device, Gesture Tracking Device, and Projector & Display wall), and End User (Gaming, Entertainment & Media, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global AR/VR chip market size was $1.38 billion in 2018, and is projected to reach $7.76 billion by 2026, registering a CAGR of 23.3% from 2019 to 2026.
The report includes dynamic growth factors, constraints, and opportunities. In addition, it offers a thorough analysis of the key market players and their recent market strategies to help new business entrants, stakeholders, and shareholders to formulate lucrative profitable market strategies. The report provides an in-depth analysis of several strategies adopted by top market players which help them maintain their market position.
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The AR/VR Chip Market report covers an overview of the market and SWOT analysis of the key market players coupled with financial analysis, business overview, and portfolio analysis of services and products. In addition, the report offers the latest market happenings including major partnerships, market expansion, product launches, and joint ventures for the sake of stakeholders to help them better understand the long-term profitability of the market.
The AR/VR Chip Market report offers a detailed study of drivers, restraints, challenges, and opportunities in the market. The study regarding drivers and opportunities aids to understand the rapidly changing dynamics and how they can impact the growth of the market. Furthermore, information about challenges and restraints offered in the report is vital for making profitable market investments. The rapid technological advancements and rise in demand have created new opportunities for the market players.
Major segmentation:
The report involves segmentation of the AR/VR Chip Market based on type, application, and geography. The study includes a detailed analysis of each segment that makes it beneficial to market players and stakeholders to gain a competitive advantage. The study covers a detailed analysis of sales, revenue, growth rate, and market shares of every segment during the historic period and forecast period in both charts and tabular format.
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Regional Scope Analysis:
The market is studied on the basis of geographical penetration coupled with analysis of market performance in every region such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
Major market players
The report covers a comprehensive study of the major market players that are currently operating in the AR/VR Chip Market. These market players are Qualcomm Technologies Inc., NVIDIA Corporation, Imagination Technologies Limited, MEDIATEK Inc., Intel Corporation, Spectra 7, Advanced Microdevices Inc, International Business Machine Corporation, Samsung Electronics Co. Ltd, and Huawei Technologies Co. Ltd.
The competitive analysis of these organizations includes a thorough business overview, portfolio analysis of services and products. The companies have adopted several strategies including joint ventures, partnerships, new product launches, mergers & acquisitions, and collaboration to continue their dominant position in the market.
Covid-19 scenario:
The AR/VR Chip Market has been significantly affected by the Covid-19 pandemic. According to the restrictions and guidelines issued by World Health Organization (WHO), several manufacturing facilities were temporarily suspended. This hampered the market tremendously. In addition, the prolonged lockdown across the globe led to disruption of the supply chain and raised the raw material prices.
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Questions Answered in the AR/VR Chip Market Research Report
- Which are the leading players active in the AR/VR Chip Market size?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Key Market Segments
- By End User
- Gaming
- Entertainment & Media
- Aerospace & Defense
- Healthcare
- Others
- By Device Type
- Head Mounted Display
- Gesture Tracking Device
- Projector & Display Wall
- Head Up Display
- Handheld Device
- By Chip Type
- Processor ICs
- User Interface ICs
- Power Management IC
- By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- North America
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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