The augmented reality (AR) and virtual reality (VR) fields have been through a particularly long period of stagnation and have been walking through a long tunnel, but has finally emerged as a keyword of metaverse. Virtual fusion technology (XR) is considered as a key technology for implementing an immersive metaverse. It is a concept that collectively refers to virtual reality (VR), augmented reality (AR), mixed reality (MR), hologram (HR), etc.
With the rise of the metaverse as a new digital trend, expectations have grown that the entire XR device industry, including VR and AR, will grow explosively. Global big tech companies such as Google, Microsoft, and Facebook, as well as Apple and Samsung Electronics, who have led the smartphone era, are actively participating in the development of related devices.
The virtual/augmented reality (VR/AR) headset market is expected to grow rapidly over the next five years. This is expected to grow to $18.177 billion in 2025, with an average annual growth rate of 67.9% during this period.