The AR and VR market will hit $46.60 billion in 2025. This is a big deal as it means that the industry has matured significantly. The market shows no signs of slowing down with a predicted 7.42% annual growth rate from 2025 to 2029, which could push the total value to $62 billion. The AR segment alone has grown remarkably from $3.5 billion in 2017.
AR software leads the market with a predicted value of $14 billion in 2025. The United States remains the global leader and should generate $12.60 billion in 2025.
User numbers tell an equally impressive story. The technology will reach 54.1% of potential users by 2025, climbing to 56.5% by 2029. The global user base should hit 3.7 billion people by 2029. These numbers show how deeply AR and VR have become part of everyday life.