AR/VR Chip Market size was valued at USD 5 Billion in 2023 and is poised to reach USD 83 Billion by the end of 2036, registering around 25% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of AR/VR chip is assessed at USD 6.2 Billion.
The AR/VR chip market is led by the increasing demand for gaming experiences proliferation of augmented reality and virtual reality applications. According to the International Trade Administration, sales have increased as a result of the pandemic; in the United States, consumer spending on video games and subscription services has increased by a record 31%. The income generated by mobile gaming increased by 13.3% in 2020 to USD 77.2 billion.
Author Credits: Abhishek Verma
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