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Global Virtual Reality Market Size, Share 2020| Key Manufacturers, Regions, Production Overview, Growth and Forecast to 2020-2023

02-04-2020 12:47 PM CET | IT, New Media & Software

Press release from: Market Reports World

The "Virtual Reality" Market 2020-2023 Report involve of strong research on global Virtual Reality industry which enables the customer to look at the possible requirement as well as prediction. The constraints and drivers are assembled after a significant study of the global Virtual Reality market's proficiency. The development ratio which is expected in perspective of the rational analysis provides thorough information of the worldwide Virtual Reality industry.

Get a sample copy of the report at- https://www.marketreportsworld.com/enquiry/request-sample/12346171

Top Manufacturers Listed in the Virtual Reality Market Report are:
o Apple Inc.
o Atheer
o Inc.
o Blippar
o Facebook Inc.
o Google Inc.
o Gravity Jack
o Hewlett-Packard Development Company L.P
o Holition
o Improbable
o Layar (Blippar Group)
o Marxent Lab LLC
o Meta Inc.
o Microsoft Corporation
o Nintendo Co.
o Ltd
o Qualcomm Technologies
o Inc.
o Samsung Electronics Co. Ltd
o Sony Corporation
o Sphero
o Total Immersion
o Inc.
o Virtuix
o Zappar Ltd.

The global virtual reality market was valued at USD 3.13 billion in 2019 and is expected to reach USD 49.7 billion by 2023, at a CAGR of 58.54% over the forecast period (2018-2023). Virtual reality blurs the line between digital and physical worlds, thereby generating a sense of being present in the virtual environment for the consumer. Several multinational corporations such as Sony and HTC are venturing into this market space. The launch of commercial virtual reality headsets is expected to accelerate the growth of the market. Technological advancements in VR are expected to generate a plethora of VR solutions with diverse capabilities, which allow consumers to experience utmost immersion. Making the VR experience more real serves as a key driver towards market adoption and penetration. Most of the available solutions in the market are limited to head tracking, paving the way for great opportunities in the development of newer technologies that increase the user's sense of presence and immersion.
Increase in Demand for Immersive Virtual Reality is Driving Market Growth
The potential applications of immersive virtual reality systems are numerous. They can be used for information visualization in industrial sectors to create augmented reality museums for educational purposes. In the defense sector, these systems can be used to create simulated environments to train pilots, soldiers, and crisis response teams for situations that are too dangerous to use live equipment. Furthermore, increased usage of smartphones and tablets is expected to drive the growth of immersive VR, especially for mobile HMDs. Many organizations that offer mobile VR headsets use third-party mobile devices as their screen. This reduces the overall expenditure, and opens avenues for app developers of smartphones. As the costs associated with the technology reduce, its application will witness exponential growth across many industry verticals.
Head-mounted Displays Hold the Largest Market Share
HTC Vive, Oculus Rift, PlayStation VR, and Immersion VR are some HMDs that are expected to gain significant customer acceptability over the next two years. There are several technologies incorporated in an HMD device to create an immersive experience, either entirely as a virtual reality interface, or as a personal media device. These technologies include display, optics, eye, and head tracking, among others. Furthermore, application of HMDs in the avionics sector is driving their market growth, as they offer digital prototypes with a real-world environment to authenticate the design assumptions and identify potential concerns. HMDs provide vital information for pilots, which include wider field of view, situation awareness, and improving their ability to land in difficult conditions such as a crosswind, while keeping their eyes out of the aircraft.
North America holds the Largest Market Share
Technological research & development and commercialization are the major factors driving growth in the VR market of the region. The penetration of smartphones in the region due to the advancement of electronic devices facilitated the region to dominate the global arena. The United States dominates the North American market and this trend will continue over the forecast period. Increasing usage of VR applications in the healthcare sector in this region is fueling the growth.
Key Developments in the Market
o February 2018 - HP announced revamp of workstation and showcased HP windows mixed reality headset - Professional Edition that delivers an immersive experience.
o June 2019 - Microsoft acquired Cloudyn, a company that helps enterprises and managed service providers optimize their investments in cloud services. This acquisition is expected to accelerate digital transformation for customers and partners with Azure.

Enquire before Purchasing this report at- https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12346171

Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Virtual Reality Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Virtual Reality Market growth during the forecast period.
- Identify the latest developments, Virtual Reality market shares and strategies employed by the major market players.

Buy this report (Price 4250 USD for single user license) at- https://www.marketreportsworld.com/purchase/12346171

Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Industry Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products or Services
4.2.5 Competitive Rivalry among Existing Competitors
4.3 Industry Value Chain Analysis
5. Market Dynamics
5.1 Factors Driving the Market
5.1.1 Increase in Demand for Immersive Virtual Reality
5.1.2 Decrease in Production Costs of Display Devices
5.2 Factors Challenging the Market
5.2.1 Health Concerns Regarding Motion Sickness Caused by VR Systems
6. Technology Snapshot
7. Global Virtual Reality Segmentation
7.1 By Product Type
7.1.1 Hand-Held Devices
7.1.2 Gesture-Controlled Devices
7.1.3 Head Mounted Displays (HMD)
7.1.4 Others
7.2 By VR Technology
7.2.1 Non-Immersive
7.2.2 Semi-Immersive
7.2.3 Fully-immersive
7.3 By Applications
7.3.1 Medical and Healthcare
7.3.2 Education
7.3.3 Commerce
7.3.4 Advertising & Marketing
7.3.5 Energy and Utilities
7.3.6 Entertainment and Gaming
7.3.7 Design and Engineering
7.3.8 Logistics
7.3.9 Others
7.4 By Geography
7.4.1 North America
7.4.2 Europe
7.4.3 Asia-Pacific
7.4.4 Middle East & Africa
7.4.5 Latin America
8. Competitive Intelligence - Company Profiles
8.1 Apple Inc.
8.2 Atheer, Inc.
8.3 Blippar
8.4 Facebook Inc.
8.5 Google Inc.
8.6 Gravity Jack
8.7 Hewlett-Packard Development Company. L.P
8.8 Holition
8.9 Improbable
8.10 Layar (Blippar Group)
8.11 Marxent Lab LLC
8.12 Meta Inc.
8.13 Microsoft Corporation
8.14 Nintendo Co., Ltd
8.15 Qualcomm Technologies, Inc.
8.16 Samsung Electronics Co. Ltd
8.17 Sony Corporation
8.18 Sphero
8.19 Total Immersion, Inc.
8.20 Virtuix
8.21 Zappar Ltd.
*List is Not Exhaustive
9. Investment Analysis
10. Outlook of the Market

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Baner - Mhalunge Road, Baner, Pune 411045

Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Reports World is the credible source for gaining the market reports that will provide you with the lead your business needs.

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