The mixed reality technology combines the virtual world of computer generated imagery with the real-world environment. It offers more realism than conventional virtual reality and enables the user to interact with designs in real-time. It offers digital prototypes with real-world environments to validate the design assumptions and/or identify potential concerns.

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The mixed reality systems also help incorporate the required designs faster, reduce prototype iterations, and enable companies to get their products to reach the market sooner. The global mixed reality market is estimated to be valued at USD 453.4 Million by 2020, at a CAGR of 75.2% between 2016 and 2020.

The mixed reality market in this report has been segmented based on component, device, application, and geography. The market for industrial application is expected to witness the highest growth rate till 2020. The major factor driving this market is the increasing adoption of mixed reality products for various industrial needs. These include the automotive industry, manufacturing, and equipment maintenance and inspection related applications.

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The mixed reality market has been segmented based on geography North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).The studied market in North America is expected to grow at the highest rate between 2016 and 2020.growth rate till 2020. On the other hand, factors that restraint the growth of the market include image latency and limited battery life. Therefore, the use of mixed reality products is only limited to certain industries such as architecture, engineering, and construction.

This report profiles the major companies involved in the mixed reality market such as Atheer, Inc. (U.S.), Canon Inc. (Japan), Daqri LLC (U.S.), Eon Reality Inc. (U.S.), Layar B.V. (The Netherlands), Magic Leap, Inc. (U.S.), Meta Company (U.S.), Microsoft Corporation (U.S.), Seiko Epson Corporation (Japan), and Sulon Technologies (Canada) among others.

This report provides a detailed analysis of the overall mixed reality market and its segmentation done on the basis of application and geography.

The objective of the research study was to analyze the market trends for each of the industries, the growth rates of the various applications (industrial, aerospace & defense, medical, architecture, consumer, and others as well as the demand comparison of these industries.

Apart from the market segmentation, the report also covers the market’s value chain with a detailed process flow diagram, and the market dynamics such as the drivers, restraints, and opportunities pertaining to the overall mixed reality market.

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