- Google has published in its news on June 2016 that the company is working on developing a virtual reality version of Chrome for android devices.
- Microsoft corporation has announced in May 2016 about a new gaming notebooks containing Windows 10 which is built for virtual reality gaming.
- Vuzix Corporation, one of the leading suppliers of video eyewear and M300 smart glasses, has announced in July 2016 that it has done partnership with Sensory, a silicon valley-based company, to deliver voice recognition on the M300 to improve the efficiency on work by the users.
Market Synopsis of Virtual Reality (VR) Market:
The major growth driver of Virtual Reality Market
includes growing digitization, advancement of technology, increasing demand for head mounted displays in gaming and entertainment industries, and rising investment in virtual reality market among others.
Hence the market for Virtual Reality Market is expected to grow at XX% CAGR (2016-2027).
However, high cost of devices and lack of technical expertise are the factors among others which are hindering the growth of Virtual Reality Market.
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Segmentation by Types: Immersive, augmented, video mapping, distributed, and tele-presence among others.
Segmentation by Technology: Non-immersive, semi-immersive and full-immersive among others.
Segmentation by Components: HMD (head mounted displays), gesture control devices, projector & display walls, 3D camera, sensors, and semiconductors among others.
Segmentation by Applications: Aerospace & defense, gaming & entertainment, diagnostics& surgeries, and tourism among others.
Some of the major players in Global Virtual Reality Market include
- Google Inc. (US),
- Microsoft Corporation (US),
- Blippar Inc. (UK),
- Vuzix Corporation (US),
- Metaio Gmbh (Germany),
- Qualcomm Incorporated (US),
- Oculus VR, LLC (US),
- EON Reality, Inc. (US), among others.
Virtual Reality (VR) Market Study Objective:
-To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Virtual Reality Market.
-To provide insights about factors affecting the market growth.
-To Analyze the Virtual Reality Market Development based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
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-To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
-To provide country level analysis of the market with respect to the current market size and future prospective.
-To provide country level analysis of the market for segment by Types, Technology, components, applications and sub-segments.
-To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
Regional Analysis of Virtual Reality (VR) Market:
North America dominated the Global Virtual Reality Market with the largest market share due to growing demand for smartphones, and growing technical advancement in computers and internet facilities in the region, and therefore accounting for $XX million market value and is expected to grow over $XX billion by 2027. Virtual Reality Market in Asia-Pacific market is expected to grow at CAGR of XX% from $ XX million in 2016 to $XX million by 2027. The European market for Virtual Reality Market is expected to grow at XX% CAGR (2016-2027).
The market is divided into the following segments based on geography:
• North America
• Latin America
• Western Europe
• Rest of Western Europe
• Eastern Europe
• South Korea
• Rest of Asia
The Middle East& Africa
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Key questions answered in this report
What will the market size be in 2027 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Reasons to Purchase this report:
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the Virtual Reality Market, high-growth regions, and market drivers, restraints, and opportunities.
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