AR/VR Education Market Soars: Projected to Hit $48.5 Billion by 2030 with 16.5% CAGR

January 14, 2025
AR/VR Education Market Soars: Projected to Hit $48.5 Billion by 2030 with 16.5% CAGR
  • The Augmented Reality (AR) and Virtual Reality (VR) Apps Market report offers a comprehensive analysis covering the period from 2024 to 2032.

  • This market is experiencing rapid growth, projected to rise from USD 16.7 billion in 2023 to USD 48.5 billion by 2030, with a compound annual growth rate (CAGR) of 16.5%.

  • A significant trend driving this growth is the rise of experiential learning, as educational institutions increasingly adopt AR/VR technologies to enhance hands-on experiences and critical thinking skills.

  • Key factors propelling the AR/VR education market include the demand for immersive learning experiences, technological advancements, and the growing adoption of these technologies in schools and universities.

  • Classroom learning is anticipated to dominate the market share, as AR/VR technologies provide enriched educational experiences through virtual field trips and interactive simulations.

  • The market encompasses a variety of segments, including software, hardware, services, device types, applications, and end-users, which include academic institutions and corporate training.

  • Key players in the AR and VR Apps Market include notable companies such as Augmented Pixels, Aurasma, Google, and EON Reality Inc.

  • Recent advancements in the industry feature HTC's launch of the VIVE XR Elite headset in January 2023 and Google's acquisition of Raxium in March 2022 to bolster AR hardware capabilities.

  • Regional analysis highlights major markets like North America, Europe, Asia-Pacific, South America, and the Middle East and Africa, each with unique drivers and consumer behaviors.

  • North America leads the AR/VR education market, thanks to its robust technological infrastructure, high digital literacy rates, and the presence of key market players.

  • The market report also delves into market dynamics, identifying growth drivers, challenges, and opportunities, while addressing critical questions about trends and growth projections.

  • To support strategic planning for stakeholders, the report includes a SWOT analysis, Porter's five forces analysis, and insights from industry experts.

Summary based on 2 sources


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