Global Extended Reality (XR) Market 2025-2029

Extended Reality (XR) Market 2025-2029

The extended reality (XR) market is forecasted to grow by USD 1842.9 bn during 2024-2029, accelerating at a CAGR of 64.5% during the forecast period. The report on the extended reality (XR) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid improvements in sensor technology, increasing adoption of extended reality in military, and growing popularity of 360-degree videos.

Technavio's extended reality (XR) market is segmented as below:

By Application

• VR
• AR
• MR

By Component

• Hardware
• Software and services

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the advent of 5g as one of the prime reasons driving the extended reality (XR) market growth during the next few years. Also, use of inside-out tracking technology in vr headsets and increasing number of strategic alliances will lead to sizable demand in the market.

The report on the extended reality (XR) market covers the following areas:

• Extended Reality (XR) Market sizing
• Extended Reality (XR) Market forecast
• Extended Reality (XR) Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading extended reality (XR) market vendors that include 3D Systems Corp., ABB, Accenture PLC, Alphabet Inc., Canon Inc., HTC Corp., Intel Corp., Lenovo Group Ltd., Magic Leap Inc., Meta Platforms Inc., Microsoft Corp, NVIDIA Corp., PTC Inc., Qualcomm Inc., Roper Technologies Inc., Seiko Epson Corp., SoftServe Inc., Sony Group Corp., Tata Sons Pvt. Ltd., and VertexPlus Technologies Ltd.. Also, the extended reality (XR) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.