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Virtual and augmented reality market expected to reach $100bn by 2020, report suggests

on Feb 27, 2017 | 0 comments

By Laurie Fullerton

Among the recent technological innovations, like smartglasses, that have the potential to penetrate to the mainstream in the consumer and commercial segments, currently augmented reality (AR) and virtual reality (VR) headsets are poised to reach $117.40bn in sales by 2022 according to a research published by Markets and Markets.

With factors contributing to the growth of the industry like higher adoption rates of smartphones enabled with AR devices and increasing interest from the retail and e-commerce sectors, the VR market is expected to reach $33.90bn by 2022.

The AR market in particular, is affected by Read full story ›

Source: The Drum