Top Tech Trends in the Extended Reality Display Market

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Top Tech Trends in the Extended Reality Display
Market
Extended reality (XR) is an emerging term for
various immersive technologies like mixed reality
(MR), augmented reality (AR), virtual reality
(VR), and other technologies that are to emerge
in the future. Governments are also
eying applications for immersive
technologies globally as the XR devices are being
used as simulated weapons to train army,
recruits and the next generation of
bio-hazard diagnosticians and controllers,
among other applications. Inkwood Research
predicts that the global extended reality
display market will propel with a 35.20 CAGR
during the forecasted years 2023-2032.
5G Connectivity augments XR Market Growth As a
result of 5G launches by mobile operators, the
comeback of smartphone-tethered
VR headsets in 2021 2022 expanded the
demand for XR displays. Besides, in the
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• coming years, the proliferation of 5G,
  interactive AI, real-time rendering, and
  the
• popularity of immersive experiences are
  anticipated to upgrade the theatrical experience
  and positively stimulate the growth of the global
  XR display market.
• For instance, in November 2021,
  Immersivecast announced the XR Metaverse
  Workspace, a service environment supporting
  multi-dimensional Web 3.0 with integrated
• AR, NFT, and VR that simplifies content
  development. On an initial 5G network trial, the
  offering was revealed with Ericsson, Samsung, and
  Deutsche
• Telekom at MWC 2021 and encouraged the company to
  expand its market presence in South Korea and the
  United States. Thus, such developments are
  expected to boost the demand for the displays
  studied in the market.
• Micro-LED, AR, and VR Technologies Redefining
  User Experience
• Virtual reality (VR) and augmented reality (AR)
  technologies have redefined how users interact
  with electronics and gadgets by embracing
  an immersive experience and promoting
  interaction between the user and the
  device. Such trends augment the demand for
  advanced display technologies, amongst other
  technologies.
• Micro-LED is an advanced display
  technology that ensures high brightness
  and contrasts while low power consumption.
  These features are particularly relevant for
  virtual reality (VR) and augmented reality
  (AR) applications to deliver the best
  visual experience. The increased number of
  applications encourages several companies to
  collaborate, develop, and integrate advanced
  technologies in their devices and enhance the
  users experience.
• Some of the recent developments by leading market
  players include
• In September 2021, Xiaomi introduced a pair of
  smart glasses called Xiaomi Smart Glasses,
  equipped with a monochrome micro-LED system
  that provides higher

pixel density and a longer lifespan while
having a simpler structure than OLED.
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• According to Xiaomi, micro-LED allows for a
  more compact display and easier screen
  integration.
• In October 2021, the Chinese electronics
  company, TCL, unveiled its brand-
• new Thunderbird Smart Glasses Pioneer
  Edition, equipped with a full-color
  transparent micro-LED display. These
  advanced glasses also have an inbuilt
  camera allowing users to take pictures with
  a click on the side of the frame. The
  glasses may also have augmented reality support,
  with which they can add layers of digital
  information to the users vision through the
  glasses.
• Furthermore, companies operating in the
  micro-LED landscape are receiving
  significant funding. For instance, in March
  2021, Belgium-based micro-LED micro- display
  developer MICLEDI announced that it
  had raised EUR 7 million from
  FPIM and KBC Focus Fund. The funds are
  poised to enable the company to transition
  from pilot line technology development to product
  design and gradually to manufacturing, thus
  driving the growth of the market studied.
• Extended Reality Display Market Future Merging
  XR AI
• The merge of XR and artificial
  intelligence (AI) contributes to a powerful
  gaming experience for designing the right
  user interface. Integrating AI in the XR
  landscape allows the developers to make
  interacting with an environment feel more
  natural and organic. In line with emerging
  technologies, companies have invested in the
  global extended reality display market to
  provide their customers with enhanced and
  real experiences.
• Similarly, as gamers search for more ways to
  feel connected to the experiences in the
• console world, new technologies such as Haptic
  Feedback have emerged in the market. Haptic
  feedback is an experience when people
  can feel sense the vibrations of
  something moving in the distance or zombies
  jumping at them in a shooting game. This new
  level of immersion is expected to make every
  gaming and entertainment experience more
  memorable and enchanting. Such initiatives by
  gaming companies are expected to increase the
  demand for extended reality displays in the
  market.
• By Sukanya Mukherjee
• FAQs

What are the major growth drivers of the global
extended reality display market?
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Surging adoption of VR and AR applications across
multiple end-user industries and significant
technological advancement across micro-displays,
such as micro-LEDs, are some major growth drivers
of the global extended reality display
market. Who are some of the leading companies in
the global extended reality display market? SA
Photonics Inc, BOE Technology Group Co Ltd,
Realfiction Holding AB, and Samsung Electronics
Co Ltd are some of the leading companies in the
global extended reality display market.