Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Augmented reality sets are a game-changer for the gaming industry. Augmented reality games enable users to experience gaming in a new way, blurring the lines between reality and the virtual world. Games like Harry Potter: Wizards Unite Pokemon Go, and Minecraft Earth have already taken the world by storm, and many other AR games are set to be released in the near future.

AR sets are also making strides in the world of sports. Augmented reality can be used to improve the viewing experience of live sports events. For example, AR sets are being used to provide fans with real-time data about the game, like scores, player stats, and other relevant information. This enriches the overall experience for fans and allows them to have a better engagement in the game.

Another area where augmented reality sets are making waves is in the world of education. It is being used in the educational sector to provide an immersive education experience, thereby allowing students to interact and explore virtual objects in real time. This technology is already being leveraged in museums and galleries to bring exhibits to life and to provide a more engaging environment for students.

AR sets are transforming our shopping habits. It can be used to create virtual try-on experiences for clothing and accessories, letting customers see how a product would look on them before doing a final purchase. This technology is already being used by many retail giants, such as Amazon and IKEA.

Various companies such as Google, Microsoft, and Magic Leap, have created AR glasses that provide a more seamless AR experience. These glasses utilize cameras, advanced sensors, and projectors to overlay digital objects in the real world.

The manufacturing sector is also leveraging AR to improve efficiency and accuracy. For instance, workers can wear AR glasses that display instructions and diagrams, letting them assemble products without the need for a traditional manual.

In healthcare, augmented reality is being used to improve patient outcomes. Surgeons can use AR to have an overview of patient anatomy during surgery, enabling them for more precise and safer procedures.

Conclusion

The future of augmented reality sets as a means of entertainment looks bright. This technology has the potential to revolutionize our gaming experience, education, sports, and shopping. With the continuous evolution of AR technology, we can expect to see even more exciting and innovative uses of this technology in the entertainment industry. There are infinite possibilities, and we can't wait to see what the future holds.

The future of augmented reality is expected to see an exponential rise as the way we live undergoes an incredible overhaul. In days ahead as the world tackles Covid-19, augmented reality is going to go beyond its comfort zone of entertainment and enter areas that were only discussed in lengthy reports. With penetration of smartphones, AR applications in consumer world is popularly seen through games such as Pokemon Go and Snapchat filters. The two critical fields at this point in time are healthcare and entertainment.

What will Drive the Augmented and Virtual Reality Market?

Though the gaming industry has led the way for augmented and virtual reality, the healthcare industry has been quick to pick up. For instance, virtual reality is being used by healthcare providers create and recreate simulations of emergencies, pandemics, and other crisis to enable comprehensive learning for students and staff. The ability of this technology to mimic reality with absolute detail is expected to win the market increased share in the global economy.

A recent news claimed that the National Institute of Health Research awarded funding worth £4 million to build its own VR treatments. The eventual output will include VR therapy package for treating psychosis in patients and social anxiety in young patients. NHS patients in Buckinghamshire and Oxfordshire are currently being treated for fear of heights through VR sets. The organization has reported that patients are showing positive results with these real-life simulations.

What will be the Impact of Entertainment Industry on AR and VR Market?

Analysts also believe that the market for augmented and virtual reality will also do well in the entertainment industry as online gaming companies will capitalize on the sheer psychological impact of lockdown during the pandemics. While sales of AR and VR sets are currently showing a downward trend, the industry will see a gain in the long-term as the pandemic will have a lasting impact. Standalone and tethered AR and VR will see significant rise in the coming months as companies are planning new product launches. The demand for these will be driven by need for efficient training and entertainment.

Companies such as HP and Valve will capitalize on features such as s high-resolution displays, spatial audio, and enhanced hand, finger, and body tracking, creating an even more immersive experience for the user. The smartphone-enabled headsets are also projected to take a leap as number of gaming participants seeking easy access will rise.