End of year summary of Augmented Reality and Virtual Reality market size predictions
Introduction
After finding myself scouring the internet for augmented reality and virtual reality (AR/VR) market size projections, I found that these predictions varied considerably, and it was difficult to get a grasp of the overarching trend. This article provides a concise summary of nineteen different predictions for the size of the augmented reality and virtual reality industries.
***Links to the sources of all data are also provided. If you find any errors in this article, please feel free to comment below. All dollars are in USD unless stated otherwise.***
Before we jump in and look at these big numbers, we must have a comparison value. Smartphones are well integrated into our everyday lives now and the global market size is approximately $431 billion as of 2016. According to Persistence Market Research, the smartphone industry is expected to grow at a compound annual growth rate (CAGR) of 7.9% until 2024. This is considered a healthy growth rate for a relatively mature…
