Imagine what life and work will be like in 2030 and beyond if we make it happen. Perhaps owing to advancements in extended reality (XR), a catch-all phrase for immersive technologies capable of melding the real and virtual worlds.

You may buy a new house in any part of the globe as if you were there, or go to lunch in some far-off place. The XR market is anticipated to reach $209 billion by 2022, eight times greater than it is now. This significant development might indicate that our future 2030 existence will be beyond our perception.

What is Extended Reality (XR)?

The term XR is used to describe a variety of immersive technologies. Today, we have augmented reality (AR), virtual reality (VR), and mixed reality (MR), as well as other technologies yet to be developed.
Immersive technologies take our reality further by mixing the virtual and “real” worlds or by providing an immersive environment.
According to recent polls, more than 60% of respondents think XR will be prevalent within the next five years. Let’s take a look at each of the current technologies available today to get a better idea of XR.

What is Augmented Reality (AR)?

Virtual information and things are overlaid in the real world in augmented reality. This experience adds digital elements such as pictures, text, and animation to the actual environment. AR glasses or screens, tablets, and phones can be used to access it.

Users are not isolated from reality, and they can still interact with the real world. The Pokémon GO game, for example, projects digital creatures into the physical world, while Snapchat filters overlay digital objects like headwear or glasses on your head.

What is Virtual Reality (VR)?

Similar to augmented reality, a virtual reality experience immerses users in a simulated digital world. To acquire a 360-degree view of an artificial world that fools the brain into thinking they are real, for example, walking on the moon, swimming beneath the ocean, or stepping into whatever new planet the VR developers made, individuals must put on a VR headset or head-mounted display.

Virtual reality (VR) technology has been utilized in gaming and entertainment for a long time. However, it is being adopted by several sectors, including healthcare, construction, engineering, the military, and more.

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What is Mixed Reality (MR)?

In mixed reality, digital and real-world items coexist and can interact with one another in real-time. This is the most recent immersive technology, also known as hybrid reality.

It’s quite a bit more complicated than virtual or augmented reality. It needs an MR headset and a lot of processing power, even more than VR or AR. Microsoft’s HoloLens is an excellent case in point because it allows you to place digital things into the room you’re in and spin them around, among other things.

Companies are looking for methods to utilize mixed reality to help them solve issues, promote projects, and improve their operations.

How is XR related to AR, VR, and MR?

XR technology includes Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). While all three realities have comparable overlapping features and demands, they each serve distinct purposes and rely on different technology.

The next stage in the Internet’s evolution will bring real, digital, and virtual realms together into new realities accessible via an Arm-powered ‘gateway’ device such as a VR headset or pair of AR smart glasses.

All of the XR technologies have several fundamental similarities: the ability to utilize visual input devices such as an object, gesture, and gaze tracking to explore the world and show context-sensitive information is a common feature of all XR wearable devices. Depth perception and mapping are also made possible via depth and position sensors.

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What are the Challenges of XR (Extended Reality) Technology as of Now?

Developing XR technologies is faced with several obstacles to widespread adoption. To begin with, XR technology gathers and analyses a lot of extremely specific and personal data about what you do, what you look at, and even your emotions at any given moment.
The cost of adopting the technology must go down; otherwise, many businesses will be unable to do so. Wearable devices providing a full XR experience must be fashionable, as well as comfortable, always connected, intelligent, and immersive.

There are several technical and hardware challenges to be addressed, including but not limited to the display, power and thermal, motion tracking, connectivity, and conventional illumination.

As time goes on, we are getting one step closer to resolving these problems so that we may see a plethora of XR technologies applied in many more popular applications over the coming years.