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Futuresource XR Market Track

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Market Trends

Following a breakout year for extended reality in 2021, with all-in-one (AIO) devices presenting themselves as a pivotal growth product, the XR hardware market quietened down in 2022. Volumes fell 6% as the worldwide economic downturn made its mark on consumer spending patterns, and adoption slowed among casual users.

While short-term activity looks fairly sluggish, there remains huge industry excitement and anticipation for XR market growth in the medium to long term. Futuresource forecasts indicate a CAGR of 27% from 2022 to 2026, with AIO products continuing to dominate the market, and a rise in competition as new vendors enter the arena.

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