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Mixed Reality Market at a Highest CAGR of 42.36% with Top Players | Samsung Electronics Co, Ltd., HTC Corporation, Seiko Epson Corporation., Microsoft Corporation and More
Mixed Reality Market
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The demand for mixed reality technology is on the rise across various industries including entertainment, medical, automotive, and education. This technology facilitates easier product presentation and design for industries. In the medical sector, mixed reality is utilized for surgical applications and medical training, aiding both doctors and patients in understanding complex medical procedures. Additionally, mixed reality technology is significant in the gaming industry, boasting a library of approximately 700 to 1,000 games. Moreover, it enhances the entertainment industry by offering unique movie experiences and other forms of entertainment.
Mixed Reality Market Dynamics:
By Drivers:
Mixed reality is becoming more popular in the healthcare and medical fields.
A user experience that is instructive in e-commerce shopping and retail.
By Opportunity:
Demand from the automobile industry is increasing.
Government funding in the field of MR should be increased.
Some of the key players in global mixed reality market are:
Facebook Inc.,
Samsung Electronics Co, Ltd.,
HTC Corporation,
Seiko Epson Corporation.,
Microsoft Corporation,
Daqri LLC.,
Canon Inc.,
Intel Corporation and Magic Leap, Inc.
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Key Industry Developments:
In 2019, Airbus and Microsoft Corporation announced a collaboration to advance mixed reality technology. Microsoft's Holographic technology, known as "Mixed Reality," is expected to assist Airbus in manufacturing 21,000 aircraft over the next two decades. This technology will enable Airbus production workers to receive guidance, training on expensive equipment, and other tasks.
Mixed Reality Market By Segmentations:
By Component:
Hardware
Software
By Application
Healthcare
Entertainment
E-commerce & Retail
Automotive & Aerospace
Others
By Geography
North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Latin America (Brazil, Mexico and Rest of Latin America)
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