The global VR market was $5.0 billion in 2018 and is expected to grow at a CAGR of over 30% during the forecast period 2019-2025. VR Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms to have constant observation of latest market trends which keep on changing. Constants shifts in the trends and key advancements are observed in the market through this VR Market report and inform key firms about them. By knowing this, business owners can take effective actions before actually developing any product or service. It also aims at offering thorough knowledge regarding competitors to assist them in taking strategic decision making.
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Some of the key players operating in the global VR market are Microsoft, Google, HTC, Oculus VR, Samsung, Sony, among others. The companies are adopting various strategies in order to sustain the global VR market. Strategies such as acquisitions, mergers, expansions, joint ventures, and product development, among others are majorly adopted by these market players. For instance, in January 2018, HTC unveils its plan for enhanced VR headset by launching its new products, VIVE Pro and VIVE Wireless Adapter. VIVE Pro is designed with a face cushion and nose pad, which provides a deep sense of presence and exceptional experience by blocking light. VIVE Wireless adapter enhances VR experience and enables tether-free movement.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Virtual Reality (VR) Market
By Components
- Hardware
- Software
By Systems
- Non-immersive VR
- Semi-immersive VR
- Fully immersive VR
By Application
- Entertainment
- Gaming
- Tourism
- Automotive
- Training and education,
- Defense
- Healthcare
By Device
- Head-Mounted Display (HMD)
- Gesture-Tracking Device (GTD)
- Projectors & Display Wall (PDW)
Global Virtual Reality (VR) Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Comprehensive research methodology of the global VR industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global VR Industry.
- Insights about market determinants that are stimulating the global VR industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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