AR & VR Displays: A Booming Market with Tech on the Rise
The world of immersive technologies is booming, and displays are a fundamental piece of the puzzle for both augmented reality (AR) and virtual reality (VR). Let’s delve into the current market size, share, and exciting trends shaping AR and VR displays. Market on the Rise AR and VR display market size is valued at USD 1.8 billion in 2023 and is anticipated to be USD 8.2 billion by 2028 ; growing at a CAGR of 35.6% from 2023 to 2028. This surge is driven by increasing demand for VR headsets in gaming and entertainment, along with the rising potential of AR applications in various sectors like healthcare, manufacturing, and education. Technological Advancements Both AR and VR displays face unique challenges. For VR, achieving a truly immersive experience requires displays with a wide field of view (FOV) that encompasses most of a user’s natural vision. Additionally, high resolution and refresh rates are crucial for eliminating motion sickness and creating a realistic feeling of presence