Augmented and Virtual Reality Market - Forecast(2021 - 2026)
Augmented Reality Market and Virtual Reality Market Overview: As per an online release by Forbes in 2017, 98% of cinema screens in China were 3D. Such developments in one of the leading entertainment-content country-wide industry indicates firmly the alternations being demanded by viewers. Owing to such demand, augmented reality market and virtual reality market are gaining traction. AR and VR tools inhibits the confinement of human physical possibilities and relishes one’s quest for all sorts of endeavors. Augmented reality market and virtual reality market growth is not only fueled by entertainment content but also expands to healthcare, aviation, and defense sectors in particular. Owing to such tremendous scope of application in flourishing sectors, augmented reality market and virtual reality market are collectively valued at around $11 billion - $13 billion as of 2018 and owing to its convergence with the $100 billion gaming sector, it is progressing at a global CAGR of 35% - 38%