Augmented Reality and Virtual Reality Lens Market is Expected to Grow at CAGR of 30.6% by 2027.


Posted October 21, 2020 by shivF26

The Global Augmented Reality and Virtual Reality Lens Market Ecosystem was valued US$ 706.8 million and is expected to reach US$ 2,687.7 million by the year 2023, growing at a CAGR of 30.6% by 2027.
 
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The companies operating in the Augmented Reality and Virtual Reality Lens Market Ecosystem are continuously investing in technologies to make the lenses lighter, thinner, and cost-effective. In 2019, Digilens, one of the major players in the market, revealed affordable and sturdy plastic lens that could compete with the precision glass in terms of brightness, clarity, and color. Companies are also entering into strategic partnerships with raw material suppliers and product manufacturers.

Market Segmentation:
Following Top Key players are profiled in this Market Study:
Canon, Zeiss International, Nikon Corporation, Largan Precision, Samsung Electronics and more...

By Application: Logistics, Healthcare, Automotive, Retail, BFSI, Defence, Aerospace, Oil & Gas, Others

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REGIONAL ANALYSIS OF Augmented Reality and Virtual Reality Lens Market ECOSYSTEM
The Global Augmented Reality and Virtual Reality Lens Market Ecosystem was valued at US$ 706.8 million and is expected to reach US$ 2,687.7 million by the year 2023, growing at a CAGR of 30.6% during the forecast period. Advancements in technology, increasing digitization, and the increasing use of HMDs in the gaming industry are some of the factors that are driving the growth of the Augmented Reality and Virtual Reality Lens Market .

North America dominated the market in the base year 2018. 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. However, in terms of investment in VR, it is expected that China will overtake the US to take the top spot in the coming years.
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Contact Email [email protected]
Issued By Shiv
Country Armenia
Categories Advertising , Manufacturing , Marketing
Tags AugmentedRealityandVirtualRealityLensMarket
Last Updated October 21, 2020