Global Virtual & Augmented Reality Market Set for Significant Growth Through 2031

The Global Virtual and Augmented Reality Market is poised for rapid expansion and transformational industry impact over the forecast period from 2023 to 2031, as immersive technologies continue to penetrate key sectors including entertainment, education, healthcare, and enterprise solutions. According to a comprehensive market analysis by Reed Intelligence, the market is expected to register strong growth at a robust compound annual growth rate (CAGR) and expand significantly in value through the forecast horizon.

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https://reedintelligence.com/m....arket-analysis/globa

Market Size & Forecast
Base Year: 2023

Forecast Year: 2031

Projected CAGR: ~32.4% between 2023 and 2031

Global Market Outlook: The Virtual and Augmented Reality market is forecast to grow substantially across regions and applications.

Key Highlights
Largest Regional Market: North America continues its lead in the global VR & AR landscape, supported by advanced tech ecosystems and high adoption rates among consumers and enterprises.