The augmented reality and virtual reality market refers to the global ecosystem of technologies that overlay digital content onto the real world (AR) or create fully immersive simulated environments (VR), including hardware such as headsets and smart glasses, and services that enable interactive, spatial computing experiences for entertainment, enterprise, education, training and more. Its scope spans consumer electronics, industrial applications, healthcare, retail, gaming and remote collaboration, demonstrating that immersive technologies are integrated into products and workflows across a variety of sectors.