AR/VR Chip Market By Chip Type (Graphics Processing Units, System-On-Chip, Field-Programmable Gate Arrays), By Device Type (Head-Mounted Displays, Smartphones & Tablets, Gaming Consoles, PC & Laptops), By End User (Gaming, Entertainment & Media, Aerospace & Defense, Healthcare) and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the AR/VR Chip Market was valued at USD 4.0 billion in 2023 and will surpass USD 16.6 billion by 2030; growing at a CAGR of 22.4% during 2024 - 2030.

Head-Mounted Display Segment is Expected to Witness the Fastest Growth

The head-mounted display segment to drive the AR/VR chip market. This growth can be attributed to the increasing integration of head-mounted displays in military applications, where they are utilized for training simulations, situational awareness, and enhanced operational efficiency. Furthermore, there is a growing consumer preference for devices that combine comfort with portability. As a result, the demand for lightweight and easily transportable head-mounted displays is significantly driving the expansion of this segment. Manufacturers are responding to these trends by innovating designs that prioritize ergonomics and ease of use, ultimately catering to the evolving needs of both military and civilian users. This shift towards more functional and user-friendly devices is likely to further bolster market growth in the coming years.

North America is Projected to Have the Largest Market Size During the Forecast Period

The North America AR/VR chip market is driven by the rising demand for consumer electronic devices in the region. The increasing incorporation of AR/VR chips in consumer electronics is fueled by intense competition in the sector, prompting manufacturers to enhance their products such as laptops, smartphones, and digital recorders. Major companies, including Sony, Apple, Samsung, Panasonic, and Google, are adopting advanced augmented technologies to stay competitive.

Additionally, the surging demand for head-mounted displays in the military and defense sectors is significantly contributing to market growth in the U.S. The need for lightweight helmets further amplifies this demand in the region, is driving the market growth for AR/VR Chip.

The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. This information is essential for developing effective marketing strategies and creating products or services that meet the needs of the target market. The report also covers a detailed analysis of the competitive landscape which includes major players, their recent developments, growth strategies, product benchmarking, and manufacturing operations among others. Also, brief insights on start-up ecosystem and emerging companies is also included as part of this report.

Report Objectives:

The report will help you answer some of the most critical questions in the AR/VR Chip Market. A few of them are as follows:

1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
2. What are the prevailing technology trends in the AR/VR Chip Market?
3. What is the size of the AR/VR Chip Market based on segments, sub-segments, and regions?
4. What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
5. What are the market opportunities for stakeholders after analyzing key market trends?
6. Who are the leading market players and what are their market share and core competencies?
7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope: