FUTURE OF AR AND VR IN 2024
Envision a world where virtual reality transports you to different realms, while augmented reality enriches your everyday encounters. The transformative influence of AR and VR technologies is reshaping various industries and fundamentally altering our digital interactions. As we propel into the future, the potential of AR and VR appears immense. In this article, we will explore some predictions for AR/VR technologies in 2024 and how they will impact our lives.
AI INTEGRATION WITH AR AND VR
The fusion of artificial intelligence with AR and VR is aimed to elevate immersive experiences to unprecedented levels. According to a report from IDC, AI integration in AR and VR is forecasted to be a driving force for growth, with an estimated market value of $13.8 billion by 2024. AI algorithms will enhance interactivity, deliver personalized content, and facilitate more natural and intuitive user engagements.
AR AND VR TAKE A LEAP TO MOBILE DEVICES
With smartphones becoming more powerful and accessible, the adoption of AR/VR technologies on mobile platforms is expected to skyrocket.
The global market for augmented reality and virtual reality was valued at USD 38 billion in 2022 and is forecasted to reach approximately USD 372.73 billion by 2032, exhibiting a staggering CAGR of 25.7% during the period from 2023 to 2032.
ENHANCED BIOMETRIC TRACKING: EYES AND FACIAL EXPRESSIONS
Breakthroughs in biometric tracking technology will empower AR and VR devices to accurately monitor eye movements and facial expressions.
This advancement will elevate user engagement and interaction within virtual environments. In 2024, we anticipate AR and VR devices offering more lifelike experiences by capturing and replicating our nuanced expressions and gestures.
REVOLUTIONIZING SOCIALIZATION AND COLLABORATION
The integration of AR and VR technologies is set to revolutionize how we engage and cooperate with others. Virtual meetings and social platforms will become standard, eradicating the limitations of geographical distance. According to Statista, the AR and VR market is expected to grow by 10.77% from 2024 to 2028, reaching a market volume of US$58.1 billion in 2028.
PERSONALIZED 3D AR AVATARS
The inclusion of personalized avatars will play a pivotal role in enhancing the AR and VR experience. These 3D avatars will enable users to express themselves in the digital world, nurturing a sense of identity and uniqueness. The current AR market is valued at $32.1 billion and is anticipated to nearly double between 2024 and 2028.
AUGMENTED REALITY CLOUD
The advent of the AR cloud will reshape our interaction with the physical world. AR cloud technology will establish a shared and persistent augmented reality space, overlaying digital information onto our surroundings. By 2024, the AR cloud market is forecasted to reach $2.6 billion, facilitating location-based AR experiences and seamless integration of virtual content into our environment.
TRANSFORMING HEALTHCARE WITH AR AND VR
AR and VR technologies are expected to revolutionize the healthcare industry, enhancing medical training, patient care, and therapy. Surgeons can improve their skills through virtual practice sessions, while patients can undergo immersive therapies for both mental and physical rehabilitation. According to a report by Deloitte, the adoption of AR and VR in healthcare is projected to reach $5.1 billion by 2024.
IMPACT OF POWER OF 5G ON AR & VR
The advent of 5G technology is set to transform the landscape of AR and VR. With its lightning-fast speeds, minimal latency, and expansive bandwidth, 5G will facilitate seamless streaming, multiplayer experiences, and real-time interactions. By the end of 2024, the integration of 5G with AR and VR is forecasted to skyrocket the market to a value of $12.3 billion.
As we gaze into the future of AR and VR in 2024, the possibilities are boundless. The convergence of AI-expanded mobile technologies and advancements in eye and facial expression tracking will reshape the immersive technology landscape. Moreover, the emergence of social platforms, personalized avatars, and the AR cloud will redefine user experiences. Coupled with the transformative impact of healthcare applications and the rise of 5G technology, AR and VR are poised to revolutionize various sectors, offering various opportunities and enriching our digital interactions.
