The new report by Expert Market Research titled, ‘Global Virtual Reality Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global virtual reality market, assessing the market based on its segments like components, technology, devices, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 18 billion
- Forecast CAGR (2021-2026): 33%
The virtual reality industry is expected to witness significant growth because of surging demand for virtual interfaces from diverse areas. The outbreak of coronavirus pandemic had led the organisations to look for alternative work interface and meeting places. To reduce the risks associated with physical contact, initiatives like work from home have started. This has caused a surge in virtual reality demand. The healthcare and academic institutions are promoting the use of virtual reality among their organisation. Remote learning and training demand is also rising steadily. The government regulations and investments have been favourable to virtual reality industry that will drive the market demand.
Industry Definition and Major Segments:
Virtual reality is an interactive three-dimensional interface generated by computer simulation. Electronic equipment like gloves and headsets are required for the user to actively interact with the artificial visual environment. The virtual reality technology can be used for gaming, entertainment as well as academic, healthcare centre and architecture for visualisation of figures for better understanding.
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On the basis of component, virtual reality industry is categorised into:
- Hardware
- Software
- Content
The hardware component is further divided into sensors and semiconductor components, among others.
On the basis of technology, the virtual reality is categorised into:
- Non-immersive
- Semi and Fully Immersive
The industry is categorised on the basis of device into the following:
- Gesture-Tracking Device (GTD)
- Projectors and Display Wall (PDW)
- Head Mounted Display (HMD)
- Others
Based on the end use, the virtual reality is segmented into:
- Education
- Gaming
- Media and Entertainment
- Healthcare
- Military and Defence
- Real Estate
- Others
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On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
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Market Trends:
The rising population, urbanisation, and surging economies of developing nations is providing impetus to industry growth. The market players have been investing in the research and development. The improved and innovative technologies will drive the market for virtual reality. The network connectivity is expected to improve sharply with the healthy adoption of 5G technology. The low latency and very high network speed will propel the market demand for virtual reality. The demand from security forces will further propel the virtual reality industry. This is because of the advantage of the three-dimensional simulation for the training of personnel along with the preparation and formulation of strategy for the military missions.
Key Market Players:
The major players in the market are Google LLC, Sony Corporation, HTC Corporation, Samsung Electronics Co., Ltd, Facebook Technologies, LLC, Microsoft Corporation, Vuzix Corporation, and EON Reality, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
ScaleXM came up with the impact of augmented reality and virtual reality on the real estate industry.
For more read here!For More Details:-https://www.scalexm.com/the-impact-of-augmented-reality-and-virtual-reality-on-the-real-estate-industry/
The Virtual Reality market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the virtual reality (VR)market includes FOVE Inc., Google LLC, Lenovo Group Ltd., Oculus VR LLC, Pico Interactive Inc., Samsung Electronics Co. Ltd., Sony Corporation, StarVR Corporation, Unity Technologies Inc., Unreal Engine, and others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Virtual Reality Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/virtual-reality-market/download-sampleMarket DynamicsThe rising adoption of virtual reality (VR) interfaces in various commercial applications such as games and media entertainment, in healthcare for surgical procedures, and in the military for training pilots are augmenting the market growth of virtual reality.
Whereas, technological advancements and R in such interfaces for better usage of VRs could further boost the market growth over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
