Automotive Extended Reality Market - Regional Analysis
North America Market Insights
North America industry is predicted to account for largest revenue share of 35% by 2035. A number of factors, including the fact that North America has been known to adopt emerging technologies like augmented reality before, can be considered as driving growth in this market. Therefore, manufacturers and suppliers in the region have started to invest in augmented reality solutions for improving their operations as well as enhancing customers' experience. In addition, there is a strong car manufacturing sector in the region with many manufacturers, service providers and distributors active on the market. The United States is one of the countries with the world's leading automobile industry, contributing at least 3% to the country's gross domestic product (GDP). The country produced nearly 8.82 million vehicles in 2020. This further is driving the growth of extended reality in automotive industry of North America region in the projected period.
Asia Pacific Market Insights
The automotive extended reality market in the Asia Pacific region is estimated to grow significantly during the forecast period. The urbanization rate in the Asia Pacific region is expanding rapidly that is resulting in growing demand for personal vehicles. This is increasing the demand for automotive XR technology in the region during the projected period.
