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AR/VR Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 145 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701006

Quick Summary:

In the rapidly evolving realm of Augmented Reality (AR) and Virtual Reality (VR), the global AR/VR chip market stands as a cornerstone for progress and innovation. As electronic circuits, these chips populate various devices, infusing the real world with virtual objects to create immersive, intelligent experiences. Empowering industries as diverse as education and aerospace, media and defense, AR/VR chips sit at the intersection of digital advancement and consumer interaction.

Delivering unparalleled value across multiple sectors, these chips find substantial use in sensor-based games, revolutionizing user interfaces, and enhancing entertainment experiences. In addition, the healthcare sector is increasingly adopting AR/VR chips to provide critical training tools for medical personnel without endangering lives. Further growth is being stimulated by ongoing research and development activities, increasing consumer expenditure, and an upsurge in product demand within the education industry. As such, the AR/VR chip market offers a wealth of opportunities for discerning investors to capitalize on this growing trend.

The global AR/VR chip market size reached US$ 3.6 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 13.0 Billion by 2028 exhibiting a growth rate (CAGR) of 21.55% during 2023-2028.

Augmented reality (AR) and virtual reality (VR) chips are electronic circuits installed in various devices. AR refers to a technology that seamlessly merges the real world with virtual objects to support realistic, intelligent, and personalized experiences. On the other hand, VR is a computer-generated simulation to facilitate interaction between an artificial three-dimensional (3D) environment. AR/VR chips are manufactured using silicon, plastic, and metal wires to create the layers of the circuit. These chips are widely used in handheld devices, head-up, head-mounted displays (HMDs), gesture tracking devices, and projector and display walls. As a result, AR/VR chips find extensive applications across the gaming, aerospace and defense, education and entertainment, and media industries.

AR/VR Chip Market Trends:

The rising product utilization in the gaming and entertainment industries across the globe is creating a positive outlook for the market. AR/VR chips are widely used in sensor-based games to control electronic signals via a semiconductor. Additionally, the increasing number of gaming features in smartphones and other devices to enhance the overall user interface experience is acting as another growth-inducing factor. Moreover, the widespread adoption of AR/VR chips in the healthcare industry to train students, nurses, and other medical professionals by providing valuable tools for training medical personnel without jeopardizing or endangering one's life is favoring the market growth. Apart from this, the increasing product demand for HMDs and goggles with 360-degree viewing capabilities to offer superior vision, high-resolution visuals, and 3D viewing is providing an impetus to the market growth. Furthermore, the rising product utilization in civil aviation or military applications to establish a virtual environment to train pilots and understand and confront difficulties through strategic mapping is positively influencing the market growth. Other factors, including extensive research and development (R&D) activities, rising expenditure capacities of consumers, and growing product demand in the education industry, are anticipated to drive the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global AR/VR chip market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on chip type, device type and end user.

Breakup by Chip Type:

  • Processor ICs
  • User Interface ICs
  • Power Management IC

Breakup by Device Type:

  • Head Mounted Display
  • Gesture Tracking Device
  • Projector and Display Wall
  • Head Up Display
  • Handheld Device

Breakup by End User:

  • Gaming
  • Entertainment and Media
  • Aerospace and Defense
  • Healthcare
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Micro Devices Inc., Broadcom Inc., Intel Corporation, MediaTek Inc., Nvidia Corporation, Qualcomm Incorporated and Spectra7 Microsystems.

Key Questions Answered in This Report

1. What was the size of the global AR/VR chip market in 2022?
2. What is the expected growth rate of the global AR/VR chip market during 2023-2028?
3. What are the key factors driving the global AR/VR chip market?
4. What has been the impact of COVID-19 on the global AR/VR chip market?
5. What is the breakup of the global AR/VR chip market based on the chip type?
6. What is the breakup of the global AR/VR chip market based on the device type?
7. What is the breakup of the global AR/VR chip market based on the end user?
8. What are the key regions in the global AR/VR chip market?
9. Who are the key players/companies in the global AR/VR chip market?
Frequently Asked Questions about the Global AR/VR Chip Market

What is the estimated value of the Global AR/VR Chip Market?

The Global AR/VR Chip Market was estimated to be valued at $3.6 Billion in 2022.

What is the growth rate of the Global AR/VR Chip Market?

The growth rate of the Global AR/VR Chip Market is 23.9%, with an estimated value of $13 Billion by 2028.

What is the forecasted size of the Global AR/VR Chip Market?

The Global AR/VR Chip Market is estimated to be worth $13 Billion by 2028.

Who are the key companies in the Global AR/VR Chip Market?

Key companies in the Global AR/VR Chip Market include Advanced Micro Devices Inc., Broadcom Inc., Intel Corporation, MediaTek Inc., Nvidia Corporation, Qualcomm Incorporated and Spectra7 Microsystems..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global AR/VR Chip Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Chip Type
6.1 Processor ICs
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 User Interface ICs
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Power Management IC
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Device Type
7.1 Head Mounted Display
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gesture Tracking Device
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Projector and Display Wall
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Head Up Display
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Handheld Device
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Gaming
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Entertainment and Media
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Aerospace and Defense
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Advanced Micro Devices Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Broadcom Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Intel Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 MediaTek Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Nvidia Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Qualcomm Incorporated
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Spectra7 Microsystems
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
List of Figures
Figure 1: Global: AR/VR Chip Market: Major Drivers and Challenges
Figure 2: Global: AR/VR Chip Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: AR/VR Chip Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: AR/VR Chip Market: Breakup by Chip Type (in %), 2022
Figure 5: Global: AR/VR Chip Market: Breakup by Device Type (in %), 2022
Figure 6: Global: AR/VR Chip Market: Breakup by End User (in %), 2022
Figure 7: Global: AR/VR Chip Market: Breakup by Region (in %), 2022
Figure 8: Global: AR/VR Chip (Processor ICs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: AR/VR Chip (Processor ICs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: AR/VR Chip (User Interface ICs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: AR/VR Chip (User Interface ICs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: AR/VR Chip (Power Management IC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: AR/VR Chip (Power Management IC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: AR/VR Chip (Head Mounted Display) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: AR/VR Chip (Head Mounted Display) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: AR/VR Chip (Gesture Tracking Device) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: AR/VR Chip (Gesture Tracking Device) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: AR/VR Chip (Projector and Display Wall) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: AR/VR Chip (Projector and Display Wall) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: AR/VR Chip (Head Up Display) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: AR/VR Chip (Head Up Display) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: AR/VR Chip (Handheld Device) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: AR/VR Chip (Handheld Device) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: AR/VR Chip (Gaming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: AR/VR Chip (Gaming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: AR/VR Chip (Entertainment and Media) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: AR/VR Chip (Entertainment and Media) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: AR/VR Chip (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: AR/VR Chip (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: AR/VR Chip (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: AR/VR Chip (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: AR/VR Chip (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: AR/VR Chip (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: AR/VR Chip Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: AR/VR Chip Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: AR/VR Chip Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: AR/VR Chip Industry: SWOT Analysis
Figure 84: Global: AR/VR Chip Industry: Value Chain Analysis
Figure 85: Global: AR/VR Chip Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: AR/VR Chip Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: AR/VR Chip Market Forecast: Breakup by Chip Type (in Million US$), 2023-2028
Table 3: Global: AR/VR Chip Market Forecast: Breakup by Device Type (in Million US$), 2023-2028
Table 4: Global: AR/VR Chip Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: AR/VR Chip Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: AR/VR Chip Market: Competitive Structure
Table 7: Global: AR/VR Chip Market: Key Players

Companies Mentioned

  • Advanced Micro Devices Inc.
  • Broadcom Inc.
  • Intel Corporation
  • MediaTek Inc.
  • Nvidia Corporation
  • Qualcomm Incorporated
  • Spectra7 Microsystems.

Methodology

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