AR/VR Chip Segmentation
Chip Type (Processor ICs, User Interface ICs, Power Management IC)
Processor ICs segment in the AR/VR chip market is set to observe more than 24% growth through 2037. The segment growth can be attributed to the advanced features provided by these circuits. Processor-integrated circuits are typically less expensive and energy-intensive than microprocessors. They are used in autonomously operating goods and devices such as embedded systems, medical devices implanted in the body, remote controls, smart appliances, and automotive engine control systems.
Additionally, processor-integrated circuits (ICs) are essential for data processing and perform intricate calculations to guarantee seamless AR and VR experiences. By converting inputs into commands, user interface integrated circuits (ICs) allow users and AR/VR devices to communicate seamlessly.
Furthermore, smaller microcontrollers translate into cheaper system expenses. Because all the necessary parts—memory, a central processing unit (CPU), and input/output peripherals—can be found on a single chip, cutting prices and boosting efficiency, the market is booming globally.
Device Type (Head-mounted Display, Head-up Display, Handheld Device, Gesture Tracking Device, Projector and Display Wall)
Head-mounted display segment in the AR/VR chip market is poised to exceed USD 7 Billion by 2024. The segment growth can be credited to the growing adoption of head-mounted displays in military use. Also, consumers now prioritize devices that are not only comfortable but easy to carry. Therefore, the rising demand for lightweight and portable devices is influencing the growth of the segment.
Head-mounted display (HMD) augmented reality (AR) has gained more and more interest in manufacturing activities, as it enables operators to obtain visual assistance in front of their view directly while freeing human’s two hands. According to the United Nations Industrial Development Organization, after declining by 4.2% in 2020 due to the pandemic, global manufacturing production climbed by 9.4% in 2021. Therefore, the growth in manufacturing output is boosting the head-mounted display segment growth.
Our in-depth analysis of the global market includes the following segments:
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