Virtual Retinal Display Market to Reach USD 77.91 Billion by 2027 at CAGR of 36.50% | Industry Forecast, Report 2022-2027
Plasma Fractionation Market Overview
The latest research study “Virtual Retinal Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global virtual retinal display market size reached US$ 10.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 77.91 Billion by 2027 exhibiting a growth rate (CAGR) of 36.50% during 2022-2027.
A virtual retinal display (VRD) represents a head-mounted presentation device that utilizes low-energy lasers to instantly show a picture onto the human retina. It offers the user the illusion of watching a standard-sized production floating various feet away. A VRD provides several benefits, such as high contrast, improved resolution, enhanced brightness, and low power consumption. As a result, this device finds widespread applications across various sectors, including military, aviation and tactical, healthcare, engineering, gaming and entertainment, sports, etc.
Covid-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Virtual Retinal Display Market Trends and Drivers:
The escalating demand for enhanced user experience, content connectivity, and improved field of view (FoV) while maintaining high levels of privacy is primarily driving the virtual retinal display market. Besides this, the rising utilization of augmented reality in the gaming sector and the integration of gaming consoles, smartphones, and laptops are further propelling the market growth.
Moreover, the elevating requirement for VRD in the healthcare industry with potential application in therapeutics and surgical procedures is also catalyzing the global market. Apart from this, the growing popularity of this device in the engineering sector for providing field employees with access to crucial information, such as operational protocols and circuit diagrams, in real-time is acting as another significant growth-inducing factor.
Furthermore, the inflating product need for training and simulation activities in the aerospace industry, as it saves costs by mimicking the experience and eliminates the necessity for physical setup, is expected to bolster the virtual retinal display market in the coming years.
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Virtual Retinal Display Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 10.48 Billion |
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Market forecast in 2027 |
US$ 77.91 Billion |
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Growth Rate |
CAGR of 36.50% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Technology and Application. |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
Avegant Corp., Himax Technologies Inc., Innovega Inc., Magic Leap Inc., Omnivision Technologies Inc., Optinvent, QD Laser and Vuzix Corporation. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Technology:
- Optics
- Driver and Controller Electronics
- Light Source
- Others
Breakup by Application:
- Aerospace
- Medical
- Gaming and Entertainment
- Sports
- Training and Simulation
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
The major players in the market are
- Avegant Corp.
- Himax Technologies Inc. (NASDAQ: HIMX )
- Innovega Inc.
- Magic Leap Inc.
- Omnivision Technologies Inc.
- Optinvent
- QD Laser ( TYO: 6613)
- Vuzix Corporation. (NASDAQ: VUZI )
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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