Worldwide Augmented and Virtual Reality Hardware Forecast Update, 2023–2027: CY 4Q23
This IDC study provides an updated forecast for the worldwide augmented and virtual reality hardware market for the 2023–2027 period."Although 2023 will show another year of decline, it will show a significant slowdown compared with 2022," says Ramon T. Llamas, research director, Augmented and Virtual Reality team, IDC. "Like other computing device markets, the AR/VR market was susceptible to macroeconomic and inflationary challenges leading customers to reassess their needs in 2023. With economic recovery and new devices expected in 2024, the AR/VR market will reenter its growth phase."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Virtual Reality Hardware Forecast
- Commercial Versus Consumer and Regional VR Splits
- Augmented Reality Hardware Forecast
- Commercial Versus Consumer and Regional AR Splits
- Market Context
- Drivers and Inhibitors
- Drivers
- Warming Consumer and Commercial Interest
- Maturing Silicon Technologies
- Entrance of New Vendors
- Inhibitors
- Use of Smartphones and Tablets for AR
- Exodus of Vendors
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
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