According to the company, the XR headset industry will be growing at a CAGR of 13% between 2023 and 2033 (XR — Extender Reality meaning both Virtual Reality and Augmented Reality).
Hardware still remains a key challenge for the industry, if not for technological reasons than for market ones (we’re still waiting for that “aha!” moment among customers). IDTechex, which has been observing the Augmented Reality / Virtual Reality markets for some time now claims that the tech is out of its infancy phase. In 2024, VR will be more and more streamlined and simplified with low-cost, standalone devices contributing to its success. According to the company, the XR headset industry will be growing at a CAGR of 13% between 2023 and 2033 (XR — Extender Reality meaning both Virtual Reality and Augmented Reality).