Experts anticipate that the combined market value of AR and VR will reach approximately $451.5 billion by the year 2030.
April 25, 2025
Acumen Research and Consulting has released an in-depth publication called 'Augmented Reality and Virtual Reality Market Size – Global Industry, Share, Analysis, Trends and Forecast 2022 – 2030,' which sheds light on market movements.
Thanks to the rising applications of AR and VR across numerous fields like healthcare, entertainment, education, and gaming, estimates suggest that by 2030, the market could be valued at around $451.5 billion, showcasing an impressive compound annual growth rate (CAGR) of 38.5%.
Know More Read More The comprehensive analysis titled 'Augmented Reality and Virtual Reality Market Report and Region Forecast' highlights the impressive growth trajectory of the AR and VR sector, revealing that it surged to a valuation of $22.6 billion in 2021 and is projected to leap to a whopping $451.5 billion by 2030.
Key influencers driving the expansion of AR and VR technologies include the escalating internet usage and the booming video game market. Additionally, significant contributions are coming from the medical, real estate, entertainment, aerospace, military, and educational sectors. It's projected that the growth of AR and VR will create 2.3 million new jobs within the U.S. in the near future.
The adoption of VR and AR is anticipated to surge particularly in sectors such as retail, entertainment, healthcare, media, aerospace, manufacturing, and defense. Furthermore, global governments are actively fostering new technologies to bolster both automotive and manufacturing industries. Digitization efforts and advancements in AR tech are also pivotal in enhancing commercial solutions, thereby expanding market domination.
According to the findings in the industry report, the Asia-Pacific region, particularly countries like Japan, South Korea, and China, is leading the charge as the fastest-growing market for VR and AR technology.
Read more News Report In terms of market metrics, VR in the Asia-Pacific was valued at $7.5 billion in 2021, with projections suggesting it could reach $37 billion by 2028, reflecting a robust CAGR of 30.5% between 2022 and 2028. Like the broader VR/AR market, VR gaming is surging in growth within this region, spearheading game development and uptake. North America continues to hold the largest share of the VR gaming market.
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April 25, 2025
Agne is a dedicated journalist who focuses on the latest happenings in the metaverse, AI, and Web3 sectors for the Metaverse Post. She possesses a keen talent for storytelling and has engaged in numerous interviews with industry professionals, consistently on the hunt for intriguing narratives. With a Bachelor’s degree in literature, Agne has a wide-ranging writing background covering various subjects, including travel, art, and culture. She has also lent her editorial skills to an animal rights organization, aiming to promote awareness on animal welfare. Feel free to reach out to her at
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