How would Metaverse impact the AR/VR market?
The term "metaverse" was originally used in the year 1992 in Neil Stephenson's sci-fi novel Snow Crash.
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Updated November 2026. This was first published on 11 March 2022. The idea is the same. Any number below is what the original piece said then. It is not a new count.
Key takeaways
- The term “metaverse” was originally used in the year 1992 in Neil Stephenson’s sci-fi novel Snow Crash.
- shows the rise of a dystopian digital reality in which the physical world has become uninhabitable and virtual reality is the most efficient way out.
- The Metaverse, in its marketed version, retains its holiness.
What is the Metaverse? #
The term “metaverse” was originally used in the year 1992 in Neil Stephenson’s sci-fi novel Snow Crash. shows the rise of a dystopian digital reality in which the physical world has become uninhabitable and virtual reality is the most efficient way out.
The Metaverse, in its marketed version, retains its holiness. According to Facebook, the Metaverse would be a combination of physical and virtual worlds that would allow for realistic peer-to-peer interaction in digital workspaces. Collaborations would be based on real-world scenarios, with AR and VR elements merged to allow users to experience tangible circumstances that are not restricted by physics (perhaps). On the metaverse, you could theoretically do anything, including travel, frolicking, working, and jogging.
Many visionaries see the internet in its current state as littered with loose ends and inescapable gaps. According to them, the metaverse might be the glue that holds everything together, allowing for interoperability, multimodal experiences, and financial viability. Mixed reality settings are exploring both centralized and distributed techniques of mainstreaming with the help of AR VR software development.
Growth and Trends in the Metaverse Market #
According to the latest research from Grand View Research, the worldwide metaverse industry is expected to reach USD 678.8 billion by 2030. Increasing demand from end-use sectors, such as media and entertainment, education, and aerospace and military, is estimated to push the industry growth over the forecast period, with a CAGR of 39.4 percent.
The metaverse industry is also developing as a result of the constant use of virtual reality (VR) technology to improve user experience across numerous platforms. The industry is likely to be driven largely by the rising demand for metaverse to acquire digital assets using cryptocurrency. Augmented reality (AR), virtual reality (VR), and mixed reality (MR) gadgets are expected to grow in popularity.
What is the need for AR/VR headsets in a metaverse environment? #
The pillars of metaverse initiatives are augmented reality and virtual reality. Augmented reality systems rely on three key components: the integration of actual and virtual surroundings, real-time interaction, and accurate 3D object depiction.
AR applications have a higher acceptance rate than VR apps since they can be loaded and used on any camera-enabled device. AR enhances information by adding immersive features to items. Users do not require ad-hoc wearables to benefit from AR.
Virtual reality, on the other hand, is a completely simulated experience in a digital universe. It is used to create sensory experiences that match the user’s physical reality. VR systems are pricier than AR systems because they require additional hardware such as a head-mounted display or a multimodal projection screen (s).
We would get a mix of AR and VR in metaverse VR apps. is known as Extended Reality (XR).
How will metaverse help AR/VR Market? #
According to a recent analysis, the hype around Metaverse has partly resurrected the dormant augmented/virtual reality (AR/VR) industry, with AR/VR device shipments expected to reach 14.19 million units in 2022, up from 9.86 million in 2021, a 36 percent rise year-over-year.
On the back of the Metaverse’s momentum, 18.8 million AR/VR devices are expected to be shipped in 2023. Growth will be fueled by increased demand for remote interaction as a result of the epidemic, as well as Meta Oculus Quest 2’s price reduction strategy.
In terms of AR and VR, Microsoft HoloLens 2 and Oculus Quest 2 are the market leaders. Also, for new high-end products, cosmetic and size factors have made them more visually and technically complex Pancake design is the main option.
Because no new threatening products are on the horizon, TrendForce forecasts that no other branded products will be able to substitute Oculus or Microsoft’s existing mainstream prominence until at least 2023.
The Oculus Quest 2, which costs between $200 and $400, is the most popular consumer AR/VR gadget right now. Oculus is likely to release an improved version of the Quest product within two years, with a hardware performance equal to $700 or a retail price of $500 with reductions, according to the report.
AR/VR Market Trends #
Virtual Reality Market:** According to the most recent study from Grand View Research, Inc., the worldwide virtual reality industry is expected to reach USD 69.60 billion by 2028. From 2021 to 2028, the market is estimated to grow at an annual rate of 18.0%. Thanks to technical advancements, virtual reality (VR) and augmented reality (AR) has made it possible to experience real-world life in a digitally realistic context in recent years (AR). VR-enabled platforms and solutions have exploded in popularity as a result of the Covid-19 epidemic, particularly in the education and e-commerce industries. Virtual reality technology has provided numerous businesses with new approaches and opportunities to acquire new clients.
Augmented Reality Market:** According to Grand View Research’s latest report, the global augmented reality industry is predicted to reach USD 340.16 billion by 2028. From 2021 to 2028, it is expected to grow at a CAGR of 43.8 percent. Market growth is being fueled by continued breakthroughs in the Augmented Reality (AR) space. have sparked acceptance of the technology across a variety of sectors and verticals. People are increasingly embracing AR-enabled internet platforms for commerce, education, and social media interactions, among other things, to provide a more immersive experience. The development of Website-based AR (WebAR), a digital technology that allows users to access AR on the internet without having to download an app, is predicted to open up significant market growth prospects.
Questions and answers #
What is the Metaverse? #
The term “metaverse” was originally used in the year 1992 in Neil Stephenson’s sci-fi novel Snow Crash. shows the rise of a dystopian digital reality in which the physical world has become uninhabitable and virtual reality is the most efficient way out.
What is the need for AR/VR headsets in a metaverse environment? #
The pillars of metaverse initiatives are augmented reality and virtual reality. Augmented reality systems rely on three key components: the integration of actual and virtual surroundings, real-time interaction, and accurate 3D object depiction.
How will metaverse help AR/VR Market? #
According to a recent analysis, the hype around Metaverse has partly resurrected the dormant augmented/virtual reality (AR/VR) industry, with AR/VR device shipments expected to reach 14.19 million units in 2022, up from 9.86 million in 2021, a 36 percent rise year-over-year.