Asia-Pacific virtual reality market is growing at a CAGR of around 33.7% during the forecast period. Asia-Pacific is considered as the largest market for mobile games, owing to the wide availability of mobile manufacturers and game developers in the emerging economies of the Asia Pacific, particularly in India and China. The VR companies in the region such as Samsung and HTC, the other VR head-mounted display manufacturers, have started developing cell phones integrated with VR technology. Moreover, a rapid penetration from conventional PC-console gaming to mobile gaming through hardcore gamers is expected to propel the growth of Asia-Pacific Virtual reality technology over the forecast period.
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Adoption of high network technologies in the region is another major factor driving the IoT market. According to the white paper published by United Parcel Service (UPS) and the United States’ Consumer Technology Association, in 2017, the APAC information and communication technology (ICT) market is mainly augmented by the government support, technological readiness, and urban needs. This has closely aligned to the rapid development of smart cities in the region.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Virtual Reality Market by Component
- Hardware
- Software
Asia-Pacific Virtual Reality Market by System
- Non-immersive VR
- Semi-immersive VR
- Fully-immersive VR
Asia-Pacific Virtual Reality Market by Application
- Entertainment
- Gaming
- Tourism
- Training & Education
- Others (Live Events and Real Estate)
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Apple Inc.
- Google Inc.
- HTC Corp.
- Microsoft Corp.
- Nvidia Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Vuzix Corp.
- Zeiss international
The Report Covers
- Comprehensive research methodology of the Asia-Pacific Virtual Reality market.
- 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 Asia-Pacific Virtual Reality market.
- Insights about market determinants which are stimulating the Asia-Pacific Virtual Reality market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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