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The latest research study “Virtual Retinal Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global virtual retinal display market size reached US$ 10.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 77.91 Billion by 2027 exhibiting a growth rate (CAGR) of 36.50% during 2022-2027.
A virtual retinal display (VRD) represents a head-mounted presentation device that utilizes low-energy lasers to instantly show a picture onto the human retina. It offers the user the illusion of watching a standard-sized production floating various feet away. A VRD provides several benefits, such as high contrast, improved resolution, enhanced brightness, and low power consumption. As a result, this device finds widespread applications across various sectors, including military, aviation and tactical, healthcare, engineering, gaming and entertainment, sports, etc.
Covid-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Virtual Retinal Display Market Trends and Drivers:
The escalating demand for enhanced user experience, content connectivity, and improved field of view (FoV) while maintaining high levels of privacy is primarily driving the virtual retinal display market. Besides this, the rising utilization of augmented reality in the gaming sector and the integration of gaming consoles, smartphones, and laptops are further propelling the market growth.
Moreover, the elevating requirement for VRD in the healthcare industry with potential application in therapeutics and surgical procedures is also catalyzing the global market. Apart from this, the growing popularity of this device in the engineering sector for providing field employees with access to crucial information, such as operational protocols and circuit diagrams, in real-time is acting as another significant growth-inducing factor.
Furthermore, the inflating product need for training and simulation activities in the aerospace industry, as it saves costs by mimicking the experience and eliminates the necessity for physical setup, is expected to bolster the virtual retinal display market in the coming years.
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Virtual Retinal Display Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 10.48 Billion
Market forecast in 2027
US$ 77.91 Billion
Growth Rate
CAGR of 36.50% from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Technology and Application.
Regional scope
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled
Avegant Corp., Himax Technologies Inc., Innovega Inc., Magic Leap Inc., Omnivision Technologies Inc., Optinvent, QD Laser and Vuzix Corporation.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Technology:
Breakup by Application:
By Geography:
List of Major Key Players:
The major players in the market are
Key highlights of the report:
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