San Francisco, 14 March 2019: The Report Virtual Reality (VR) Market Analysis By Device, By Technology, By Component, By
Application (Aerospace & Defense, Commercial, Consumer Electronics,
Industrial, & Medical), By Region, And Segment Forecasts, 2018 - 2025
The global virtual reality (VR) market is expected to reach USD 48.5 billion by 2025, according to a new report conducted by Grand View Research, Inc. VR technology based Gesture Tracking Devices (GTD) devices find commercial applications in high-performance computers and VR gaming applications. The VR Head Mount Devices (HMD) technology offers a cost-effective and reliable solution to experience immersive virtual experience by means of a smartphone. The consumer electronics application segment would dominate the sector in terms of market size over the forecast period. The growing adoption of medical and consumer electronics based VR applications is anticipated to revolutionize the market by 2025.
Non-mobile VR headsets have their own
integrated screens, for example, Oculus Rift, whereas mobile VR headsets use
smartphones as the screen, for example, Google Cardboard. Numerous large
corporations, such as HTC Corporation and Sony Corporation, are venturing into
space. The introduction of commercial VR headsets is expected to accelerate
market growth over the next two years.
The market can be categorized based on
components into hardware and software verticals. The hardware segment dominated
the virtual reality market in terms of the overall market share in 2016. The
rising demand for smartphone devices is anticipated to complement the growing
VR hardware device sales. The increasing penetration of devices, such as
smartphones and tablets, is expected to drive the software segment over the
forecast period. The increasing demand for VR applications in the gaming and
entertainment segments is expected contribute to the market growth.
Access Research Report of Virtual Reality Market@ http://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-market
Further
key findings from the report suggest:
· The semi and fully immersive segment
dominated the VR market in 2016 in terms of the overall market share. Immersive
VR devices aid users to achieve maximum isolation from the real world dimension
into the virtual world.
· The GTD VR hardware includes sensors,
processors, and displays. Furthermore, several companies are working on
enhancing the quality of sensors and processors used in VR devices.
· In the entertainment and healthcare
segments, VR applications can save time and reduce operational costs.
· The North American region dominated the
marketplace, accounting for the largest global market share (in terms of
revenue) in 2016.
· The key industry participants include CyberGlove
Systems LLC, Barco, Alphabet Inc., HTC Corporation, Oculus VR LLC, and Leap
Motion, Inc.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/display-technologies
Grand View Research has
segmented the global virtual reality market based on device, component,
technology, application, and region:
VR Device Outlook (Revenue, USD Million;
2014 - 2025)
·
Head-Mounted Display (HMD)
·
Gesture Tracking Devices (GTD)
·
Projectors & Display Walls (PDW)
VR Component Outlook (Revenue, USD Million;
2014 - 2025)
·
Hardware
·
Software
VR Technology Outlook (Revenue, USD
Million; 2014 - 2025)
·
Non-Immersive
·
Semi & Fully Immersive
VR Application Outlook (Revenue, USD
Million; 2014 - 2025)
·
Aerospace & Defense
·
Commercial
·
Consumer Electronics
·
Industrial
·
Medical
·
Other
VR Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
The Middle East & Africa (MEA)
Access Press Release of
Virtual Reality Market@ https://www.grandviewresearch.com/press-release/global-virtual-reality-vr-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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