The International Data Corporation (IDC) report predicts that the total global investment in augmented and virtual reality (AR/VR) will reach US$15.22 billion in 2024, and is expected to increase to US$39.70 billion in 2029, with a five-year compound annual growth rate (CAGR) of 21.1%. IDC forecast data shows that China's AR/VR market will maintain rapid growth at a CAGR of 41.1% from 2024 to 2029, surpassing the United States and Western Europe and other eight regions in terms of growth, ranking first in the world. IDC predicts that China's total investment in AR/VR will exceed US$10.5 billion in 2029, accounting for 26.5% of the world, and the market size is second only to the United States.