According to a new report, published by KBV research, The Global AI in Virtual Reality Market size is expected to reach $217.6 billion by 2031, rising at a market growth of 42.2% CAGR during the forecast period.
The Desktop Computers & Consoles segment is experiencing a CAGR of 41.9% during (2024 - 2031). Desktop computers and consoles are favored for VR applications due to their superior processing capabilities, which allow them to handle high-quality graphics and complex VR environments. This segment is particularly popular among gamers and professionals who require robust systems for their VR experiences. The ability of desktop computers and consoles to deliver detailed and high-resolution visuals, along with their support for advanced VR applications, drives their substantial share in the market.
The Computer Vision segment is leading Global AI in Virtual Reality Market by Technology in 2023; thereby, achieving a market value of $58.2 billion by 2031. This dominance is due to computer vision's critical role in enhancing the immersive experience of virtual reality. It enables systems to interpret and understand visual information from the real world, seamlessly integrating real-world elements into the virtual environment. This technology is essential for applications like augmented reality overlays, object recognition, and spatial understanding, which contribute to creating more realistic and engaging VR experiences.
The Education & Training segment is registering a CAGR of 40.3% during (2024 - 2031). VR, combined with AI, offers innovative solutions for education and training by creating immersive learning environments. These technologies are used for simulations, virtual classrooms, and interactive training programs, allowing learners to engage in hands-on experiences without real-world risks. This application is particularly beneficial in medical training, engineering, and vocational education, where practical experience is crucial.
Full Report: https://www.kbvresearch.com/ai-in-virtual-reality-market/
The North America region dominated the Global AI in Virtual Reality Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $78.2 billion by 2031. The Europe region is experiencing a CAGR of 41.9% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 43.2% during (2024 - 2031).
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