NEW YORK, Dec. 4, 2023 /PRNewswire/ — The mixed reality in education sector market is estimated to grow by USD 250.82 million from 2022 to 2027, growing at a CAGR of 72.49%. The mixed reality in the education sector market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer mixed reality in education sector market are Acer Inc., Alchemy Immersive Ltd., Alphabet Inc., Avantis Systems Ltd., Eon Reality Inc., fotonVR, GIGXR Inc., HTC Corp., Lenovo Group Ltd., Magic Leap Inc., Meta Platforms Inc., Microsoft Corp., Nearpod Inc., Osterhout Design Group, RedboxVR Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Unimersiv, Veative Labs, VictoryXR Inc., Virtalis Holdings Ltd., and zSpace Inc. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying
Company Offering:
- Alchemy Immersive Ltd. – The company offers a mixed-reality education program that takes students on virtual field trips.
- Alphabet Inc. – The company offers mixed reality such as Google Expeditions which provides experiential learning.
- Avantis Systems Ltd. – The company offers mixed reality such as ClassVR.
- For details on companies and their offerings – Buy the report!
By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa.
- North America is estimated to contribute 34% to the growth of the global market during the forecast period. The growing technological skill set of students and teachers in North America is a major factor that will help the market to grow. North America, which accounts for a significant proportion of the market growth, is one of the earliest countries to adopt new technologies. The various technology available in the market is well known by the student population of this region.
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- Impactful driver- Increase in the number of MR classrooms
- Key Trend – Increase in the number of technology partnerships
- Major Challenges – Difficulty in creating content
Market Segmentation
- By Product, the market is classified into hardware and software. The market share growth by the hardware segment will be significant during the forecast period. The hardware consists of head-mounted displays that can be equipped with sensors, motion trackers, and haptic devices. Moreover, to take advantage of the potential of the education sector, companies are developing affordable HMDs with MR software.
Technavio Research experts have provided more insights on the market share of segments – View a Sample Report
Related Reports
The smart education market size is estimated to grow at a CAGR of 17.98% between 2022 and 2027. The market size is forecast to increase by USD 353.17 billion.
The virtual schools market size is estimated to grow at a CAGR of 12.24% between 2022 and 2027 and the size of the market is forecast to increase by USD 3,095.11 million.
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Mixed Reality In Education Sector Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 72.49% |
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YoY growth 2022-2023 (%) |
60.28 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Key countries |
US, Canada, China, UK, and Germany |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
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Contact US:
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SOURCE Technavio
