According to AllTheResearch’s analysts, the global Virtual Reality and Augmented Reality lens Market ecosystem was valued at US$ 706.8 million in 2018 and is expected to grow at a CAGR of 30.6% between 2018 and 2023. Increasing digitization, increasing penetration of smartphones, and the growing adoption of AR VR devices in healthcare, consumer, and retail sectors, among others, are expected to drive the growth of the virtual reality and augmented reality lens market ecosystem. —
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The major companies providing VR AR lens include Radiant Vision Systems, Canon, Nikon, Digilens, Zeiss, and Largan, amongst others. Most companies are investing in technologies to make lenses lighter and thinner. Digilens revealed affordable and sturdy plastic lens in 2019. Another important strategy that is being employed by the companies is to enter into partnership with raw material and product manufacturers.
Manufacturers are also evaluating advanced technologies such as 3D printing for the manufacturing of AR VR lenses. In October 2017, Luxexcel, a Dutch lens 3D printer maker secured US$ 4.7 million equity investment from Innovation Industries.
Much growth for the VR AR lens market ecosystem will come from the consumer end-use industry, particularly from gaming. The AR VR gaming market was valued at around US$ 1.3 billion in 2018 and is expected to grow at a CAGR of 26.6% between 2018 and 2023. The other major end-use industries for VR AR lenses are healthcare, retail, and aerospace.
Virtual Reality and Augmented Reality lens market ecosystem is analyzed by raw materials like
Virtual Reality and Augmented Reality lens market ecosystem is also analyzed by Head Up Displays, Head Mounted Displays, Smart Glass, Hand Held Devices, AR Screens
Virtual Reality and Augmented Reality lens market ecosystem is also analyzed by end user like Automotive, Aerospace, Defense, Logistics, Retail, Healthcare, Consumer Industry, Others
In the Virtual Reality and Augmented Reality Lens market Ecosystem, Head Mounted Displays dominated the Products, Parts & devices segment in 2018. The rising adoption of HMDs in consumer, healthcare, retail, and automotive segments is expected to drive the growth of the AR VR lens market.
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Geographically, North America is expected to dominate the Virtual Reality and Augmented Reality lens market ecosystem. The global AR VR devices shipments were around 13 million in 2018. North America held around 35% share of the total shipments. This is one of the major reasons for the dominance of this region in the ecosystem.
The US has been leading the AR VR market in terms of investment. However, during the forecast period, it is expected that China will overtake the US in terms of investments in VR. This is one of the reasons that the APAC region is expected to grow at a very high CAGR.
Table of Contents
Global Virtual Reality and Augmented Reality Lens Ecosystem Regulatory Analysis
Global Virtual Reality and Augmented Reality Lens Ecosystem Sizing, Volume and ASP Analysis & Forecast
Global Virtual Reality and Augmented Reality Lens Ecosystem Developments
Research Methodology & Approach
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