U.S. metaverse potential consumer expenditure TAM 2022, by segment

The metaverse market in the United States has a potential total consumer expenditure total addressable market of 8.3 trillion U.S. dollars as of 2022. Real estate (30.4 percent), motor vehicles (8.5 percent), and home related (8.44 percent) segments will account for the largest share of this expenditure.

The metaverse

Whether it be at work, in an office, going to concerts or sports events, or even trying on clothes, the metaverse is set to provide a space for endless, interconnected virtual communities using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps, or other devices. Already, several companies including Meta, Microsoft, Roblox, and Epic are investing in their versions of the metaverse. AR, VR, and mixed reality (MR) are the cornerstones of the extended reality (XR) market.

XR companies in the U.S.

AR, VR, and MR are the cornerstones of the XR market. AR headset vendors in the U.S. include Microsoft and Vuzix, while the VR headset market includes major firms such as HP and Meta-owned Oculus. In addition, advancements in AR/VR chip technology will provide mobile devices such as smartphones and tablets, as well as a range of wearables, the ability to deliver immersive audio and visuals in a way previously unimaginable. The U.S. chip designer, Qualcomm, is a notable leader in this field.