Mixed Reality Market: Rising applications of The Technology In The Automotive and Aerospace Sectors

-
The global mixed reality market is extremely competitive in nature with a presence of several local and domestic players operating in the coming few years, states a new research report by Transparency Market Research. As per the study, the market is consolidated with a few players holding a large share in the next few years. These players are making notable efforts to enhance their market penetration by emphasizing on innovations and the rising investments in the research and development activities. In addition to this, the development and design and the enhancement of interactive experiences to a large number of end users are likely to support the market growth and help the players in gaining a competitive advantage throughout the forecast period. Some of the key players operating in the mixed reality market across the globe are Canon, Inc., Microsoft Corporation, Samsung Electronics Co. Ltd, HTC, Recon Instruments Inc., and Seiko Epson Corporation.
As per the market research study by TMR, in 2015, the market for mixed reality was worth US$35.30 mn. The market is predicted to reach a value of US$1.2 bn by the end of 2024, registering an exponential 39.10% CAGR between 2016 and 2024
Presence of Key Players to Drive North America Mixed Reality Marke
From a regional viewpoint, North America holds a huge share of the global mixed reality market and is predicted to remain in the similar position throughout the forecast period. As per the study, this region is estimated to register a strong 41.90% CAGR between 2016 and 2024. The rise in the number of applications and the presence of a large number of players are predicted to enhance the growth of the North America market in the next few years. Moreover, the rise in the production of 3D movies is another key factor estimated to accelerate market growth in the near future. The Asia Pacific market for mixed reality, on the other hand, is estimated to offer growth opportunities for the market players. The high growth of this region can be attributed to the increasing use of smart computing devices, including smartphone, particularly in emerging economies.
The global mixed reality market has been categorized on the basis of application into e-commerce and retail, healthcare, entertainment, and automotive and aerospace. Among these, the entertainment industry is expected to lead, holding a major share of the global mixed reality market. This application segment is expected to generate potential growth opportunities for the mixed reality players, especially in developing economies, thus supporting the market growth throughout the forecast period. In addition to this, the rising use of the augmented reality technology for video games and the rapid development of the entertainment industry are projected to enhance market growth in the near future.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more