According to the report, the global virtual reality (VR) market was valued at approximately USD 2.02 billion in 2016 and is expected to reach approximately USD 26.89 billion by 2022, growing at a CAGR of around 54.01% between 2017 and 2022.
VR is an artificial environment which is created by software and presented to the user in such a way that the user belief and accepts it as a real environment. Unlike traditional user interfaces, virtual reality (VR) places the user inside an experience. Instead of viewing a screen in front of the users are immersed and able to interact with 3D worlds. By simulating as many senses as possible like vision, hearing, touch, even smell the computer is transformed into a gatekeeper to this artificial world.
The increasing use of head-mounted displays in the entertainment and gaming sector along with a decline in the prices of displays and other hardware components of HMDs and increasing uses of VR in training purpose are the key driving factors for the VR market. Additionally, Increasing mobile phones, tablets, and smartphones with built-in VR functionalities that have become an important tool in the workplace to enhance smooth business workflows and operations. The market has the challenge to develop user-friendly virtual reality and tracking systems for easy acceptance and penetration of the virtual reality. However, increasing the investment by global players in the virtual reality applications is expected to grow the market during the upcoming time.
Request Free Sample Copy of Research Report @ https://www.zionmarketresearch.com/sample/virtual-reality-market
The global Virtual reality (VR) market segmented on the basis of technology, offering, device type, application, and regions. The technology segment includes non-immersive and semi-immersive & fully immersive. Hardware and software segment cover under offering segment. Hardware segment further divided into sub-segment i.e. sensors, a semiconductor component, displays & projectors, position tracker, cameras and others. Sub-segment of software includes software development kits and cloud-based services.
Device type segment divides into the head-mounted display, gesture control devices, and projectors and displays walls. Consumer, commercial, enterprise, medical, aerospace, and defense, automotive, energy and others applications come under application segment. Consumer application is holding largest market share as there is a high use of virtual reality in gaming and entertainment sectors that has been driving factor in the growth of the market. Additionally, increased interest of large technology companies in VR has been one of the key driving factors for the growth of the consumer virtual reality market.
Download Free Report Brochure: https://www.zionmarketresearch.com/requestbrochure/virtual-reality-market
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil. North America is to hold the largest size of the market due to industry leaders in is present in the US and has recognized the potential opportunity in virtual reality. Followed by Europe, and expected that APAC region will hold highest market share during the forecasted period.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/2031
The report covers detailed competitive outlook including company profiles of the key participants operating in the global VR market. Key players profiled in the report include Oculus VR, LLC, Sony Corporation, HTC Corporation, Samsung Electronics Co., Ltd., EON Reality Inc., Google Inc., Microsoft Corporation, Vuzix Corporation, CyberGlove Systems Inc, Sensics, Inc., Leap Motion Inc., Marxent Labs LLC, WorldViz, Jaunt, Inc., Cyberith GmbH, Virtalis Limited, and Sixense Entertainment, Inc among others.
Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/virtual-reality-market
The report segments Virtual reality (VR) market into:
Global Virtual reality (VR) Market: Device Type Segment Analysis
- Head-Mounted Displays (HMDs)
- Gesture Control Devices
- Projectors and Display Walls
Global Virtual reality (VR) Market: Technology Segment Analysis
- Non-Immersive
- Semi-Immersive & Fully Immersive
Global Virtual reality (VR) Market: Offering Segment Analysis
- Hardware Components
- Sensors
- Magnetometers
- Accelerometers
- Gyroscopes
- Proximity Sensors
- Image Sensors
- Sensors
- Semiconductor Components
- Controllers/Processors
- Integrated Circuits
- Displays
- Software Components
- Software Developer Kits (SDK)
- Cloud-Based Solutions
Global Virtual reality (VR) Market: Application Segment Analysis
- Consumer
- Commercial
- Aerospace & Defense
- Medical
- Industrial
- Others
Global Virtual reality (VR) Market: Region Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Media Contact
Company Name: Zion Market Research
Contact Person: Allan Leonetti
Email: Send Email
Phone: +49-322 210 92714
Address:244 Fifth Avenue, Suite N202
City: New York
State: New York, 10001
Country: United States
Website: https://www.zionmarketresearch.com/report/virtual-reality-market