The Ministry of Trade, Industry and Energy (Minister Lee Chang-yang) announced on the sixteenth that the ‘XR Convergence Industry Alliance’ was launched on the Seoul XR Demonstration Center to strengthen the competitiveness of the domestic XR industry and preoccupy the longer term market.

XR is a collective term for immersive technologies that connect the actual world and the digital virtual world, equivalent to VR (virtual reality), AR (augmented reality), and MR (mixed reality).

Artillery Intelligence predicted in December of last yr that the worldwide market size of the XR industry would expand from $18.9 billion in 2021 to $100.7 billion in 2026 at a mean annual growth rate of 39.7%.

It’s emerging as a next-generation food that overcomes the saturation of the smartphone market and the stagnation of the TV market. Particularly, Samsung Electronics and Apple, following the leading company Meta, have declared their participation, so organic cooperation between related industries is required to secure the competitiveness of the domestic XR industry. is the evaluation.

In accordance with the ‘Display Industry Innovation Strategy’ announced by the Ministry of Industry in May, XR parts-set-service firms (8) and related organizations (4) formed an XR convergence industry alliance for the aim of creating a domestic supply chain and making a collaborative ecosystem. did.

▲ From the federal government side, the Ministry of Industry ▲ Firms include Samsung Electronics, LG Electronics, PNC Solution, Samsung Display, LG Display, LG Innotek, Letinal, and Vernect ▲ Institutions: Korea Evaluation Institute of Industrial Technology, Korea Institute of Electronics Technology, Korea Electronics Information and Communications Industry Promotion Association and Korea Display Industry Association attended.

In the longer term, the participating firms will work closely together to ascertain a foundation and future strategy, equivalent to establishing an XR technology roadmap, developing a collaboration model, and fostering experts.

As well as, a gathering was held to debate major issues within the XR industry and difficulties related to export and investment, and various opinions were shared on overseas market development, human resource development, and commercialization support.

Joo Young-joon, head of the Industrial Policy Division, said, “Through the XR convergence industry alliance launched today, we are going to quickly preoccupy the worldwide XR market by combining the technologies possessed by domestic firms equivalent to panels, sensors, and optical software into one, and XR devices and related core parts will turn out to be the predominant export items. We are going to actively support them to grow,” he said.

Reporter Lim Dae-jun ydj@aitimes.com