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Augmented, Mixed and Virtual Reality will Mark Immense Growth by 2030

Due to Covid-19, physical interaction has become virtual communication and now it will be the norm for many years. Augmented, virtual, and mixed reality devices have shown its real value in this situation and they are the technology of the future.

ARBy 2030, the augmented, virtual, and mixed reality market to be over $30Bn, says IDTechEx’s report.   Over the past two decades, there have been big strides in the technological development of XR products. In the early ’90s, a number of headsets were released that allowed the user to view a video on a headset from an external device.

Then in the next decade, devices such as the Google Glass Explorer were released. These captured the imagination of many people, and it was one of the first “augmented reality” products available to consumers. Although this did not take off, it paved the way for other products to be developed. Later in the decade, more VR and AR products were released; for example, in 2019, Magic Leap released its first product after years of funding. Oculus also released a VR headset that does not need to be connected to a computer – the Quest – proving that VR does not need to be tethered to a computer.

This market, which IDTechEx forecasts predict to be over $30Bn by 2030, will impact many different industries, and future innovations will continue its growth in the wearables market. The report reviews and analyses over 100 products and details of over 80 companies to create succinct and detailed conclusions about the future of this market. This market research report includes market forecasts, player profiles, investments, and comprehensive company lists are all provided. This report is an essential read for those looking for a deep understanding of the AR/VR/MR markets.

The report “Optics and Displays in AR, VR, and MR 2020-2030: Technologies, Players and Markets” offers a concise overview of the markets of optics and displays in both the AR/MR and VR technologies. It includes the forecasts for both the optical and display markets in AR/MR and VR markets. The current state of these markets is discussed and analyzed with long-range forecasts from 2020-2030 for revenue and volume by technology in AR/MR Optics, VR Optics, AR/MR micro-displays, VR micro-displays.


Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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