"Mixed reality" technology from Microsoft Corporation will help Airbus build 20,000 aircraft in the next 20 years. The technology allows Airbus to rapidly prototype and test the complex systems that go into their aircraft. It allows engineers to virtually build and test the aircraft in a simulated environment, helping them to identify potential problems before they become costly physical mistakes.
Meta has made great strides in their development of augmented reality and virtual reality technology. They have released several products that are being used in gaming, education, and entertainment. They have also partnered with leading companies to develop cutting-edge solutions to everyday problems.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5066
Published Date: Jun 24, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for immersive experiences, and the increasing adoption of 3D technologies are the major factors driving the growth of the mixed reality market.
The market size of mixed reality is anticipated to attain a CAGR of ~78% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Amber Garage, Microsoft Corporation, Canon Inc., Samsung Electronics Co., Ltd., HP Development Company, L.P., and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, device type, application and by region.
The software segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Standardization across the industry can make it difficult for developers to create platforms-compatible products.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.