On the back of a breakout year in 2021, the XR hardware market (including AR and VR) has had a quiet 2022 with volumes forecast to fall 6% as the worldwide economic downturn hits consumers’ pockets. However, while the short-term picture looks fairly stagnant, there remains huge excitement for the XR market in the medium to long term with a 2022-2026 CAGR of 27% forecast.