Analysis By Technology (Augmented Reality and Virtual Reality), Component (Semiconductor Components, Sensors, and Others), and End-user Industry (Entertainment, Educational, Industrial, Medical, Real Estate & Architecture, Retail, Aerospace & Defense, and Others)
No. of Pages:115
Report Code:
BMIRE00024988
Category:
Electronics and Semiconductor
North America Augmented Reality and Virtual Reality Market
The augmented reality and virtual reality market in North America is expected to grow from US$ 11,623.09 million in 2021 to US$ 100,109.48 million by 2028; it is estimated to register a CAGR of 36.0% from 2021 to 2028.
A few investments were made in the AR and VR technologies. For instance, as per an article published by Tech Crunch, Niantic, a San Francisco-based developer of augmented reality platforms, closed a deal of US$ 300 million in November 2021 to build the real-world metaverse. Similarly, according to an article published by Crunchbase, Magic Leap, a Florida-based wearable tech maker, raised a total of US$ 500 million in October 2021. Such rising investments in AR and VR technologies are likely to create future growth opportunities for the augmented reality and virtual reality market players, which is further anticipated to drive the market in North America.
North America Augmented Reality and Virtual Reality Market Revenue and Forecast to 2028 (US$ Million)
North America Augmented Reality and Virtual Reality Market Segmentation The North America augmented reality and virtual reality market is segmented into technology, component, end-user industry, and country. Based on technology, the North America augmented reality and virtual reality market is bifurcated into augmented reality and virtual reality. In 2020, the augmented reality segment held the largest share of the North America augmented reality and virtual reality market. Based on components, the market is segmented into sensors, semiconductor components, and others. In 2020, the semiconductor components segment held the largest share of the North America augmented reality and virtual reality market. Based on end-user industry, the market is segmented into entertainment, educational, industrial, medical, real estate & architecture, retail, aerospace & defense, and others. In 2020, the entertainment segment held the largest share of the North America augmented reality and virtual reality market. Similarly, based on country, the North America augmented reality and virtual reality market is segmented into the US, Canada, and Mexico. The US held a substantial share of the market in 2020. EON Reality; Google LLC; Immersive Gaze; Innovega Inc.; Vuzix Corporation; YeppAR; and Zugara, Inc. are among the leading companies in the North America augmented reality and virtual reality market.
North America Augmented Reality and Virtual Reality Market Strategic Insights
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North America Augmented Reality and Virtual Reality Market Segmentation Analysis
North America Augmented Reality and Virtual Reality Market Report Highlights
North America Augmented Reality and Virtual Reality Report Scope
Report Attribute
Details
Market size in 2021
US$ 11,623.09 Million
Market Size by 2028
US$ 100,109.48 Million
CAGR (2021 - 2028)
36.0%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Technology
Augmented Reality
Virtual Reality
By Component
Semiconductor Components
Sensors
By End-user Industry
Entertainment
Educational
Industrial
Medical
Real Estate & Architecture
Retail
Aerospace & Defense
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
EON Reality
Google LLC
Immersive Gaze
Innovega Inc.
Vuzix Corporation
YeppAR
Zugara, Inc.
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North America Augmented Reality and Virtual Reality Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - North America Augmented Reality and Virtual Reality Market
EON Reality
Google LLC
Immersive Gaze
Innovega Inc.
Vuzix Corporation
YeppAR
Zugara, Inc.
Frequently Asked Questions
How big is the North America Augmented Reality and Virtual Reality Market?
The North America Augmented Reality and Virtual Reality Market is valued at US$ 11,623.09 Million in 2021, it is projected to reach US$ 100,109.48 Million by 2028.
What is the CAGR for North America Augmented Reality and Virtual Reality Market by (2021 - 2028)?
As per our report North America Augmented Reality and Virtual Reality Market, the market size is valued at US$ 11,623.09 Million in 2021, projecting it to reach US$ 100,109.48 Million by 2028. This translates to a CAGR of approximately 36.0% during the forecast period.
What segments are covered in this report?
The North America Augmented Reality and Virtual Reality Market report typically cover these key segments-
Technology (Augmented Reality, Virtual Reality)
Component (Semiconductor Components, Sensors)
End-user Industry (Entertainment, Educational, Industrial, Medical, Real Estate & Architecture, Retail, Aerospace & Defense)
What is the historic period, base year, and forecast period taken for North America Augmented Reality and Virtual Reality Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Augmented Reality and Virtual Reality Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in North America Augmented Reality and Virtual Reality Market?
The North America Augmented Reality and Virtual Reality Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
EON Reality
Google LLC
Immersive Gaze
Innovega Inc.
Vuzix Corporation
YeppAR
Zugara, Inc.
Who should buy this report?
The North America Augmented Reality and Virtual Reality Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Augmented Reality and Virtual Reality Market value chain can benefit from the information contained in a comprehensive market report.
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