According to new data provided by IDC, the Combined Reality (AR) and Virtual Reality (VR) combined market will reach a total of 13.7 million units sold in 2017, up to 81.2 million in 2021 with a growth rate average annual compound (CAGR) of 56.1%.
The same data also provides that in 2019, 90% of the market will be represented by VR viewers, while the increased reality will only occupy the remaining slice left free.
In the next two years (2020-2021), IDC expects an exponential growth of AR viewers, which will account for a quarter of the market by the end of 2021.
Below is the statement by Jitesh Ubrani, senior research analyst for IDC:
AR visitor shipments are just a part of what we expect to happen in the next 5 years both in terms of volume and functionality. The same AR viewers are also on track to represent over $ 30 billion in revenue by 2021, almost double that of the VR. […]
[…] Meanwhile, most consumers will experience increased reality on mobile devices, though it will only be a matter of time before apps for Apple ARKit and Google ARCore begin to take the field among consumers.
While AR viewers are therefore ready for long-term growth that will have a profound impact on companies and consumers’ calculations, virtual reality will be the focus of a rather limited change over time.