Press release
US Virtual Reality Market Trends, Growth, Industry Analysis, Size, Share and Forecast 2025
US Virtual Reality Market
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Top Key Players - Apple Inc., HTC Corp., Microsoft Corp., Nvidia Corp., Samsung Electronics Co. Ltd., Sony Corp., Vuzix Corp., Zeiss international, Google Inc.
According to the University of California, around 25 million people are active gamers in the U.S. The gaming industry of the country has around $30 billion of annual business. Pokmon Go has generated revenue of over $1 billion in 2016. The US is regarded as the highest spending country on gaming across the globe. USA Today Network is planning to bring the day-to-day news to the people in 360 video and virtual reality. The introduction of virtual reality news is expected to augment the advancement of virtual technology in other sectors such as healthcare and contribute to the US virtual reality market growth.
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In addition, in February 2017, Six Flags Entertainment, a theme park operator in the U.S. has collaborated with Samsung Electronics America Inc., for the development of virtual reality roller coasters. The partnership of Samsung with Six Flags will enable millions of people to experience virtual reality by bringing their Samsung VR headset to real roller coasters at theme parks across the country.
According to the JFCOM, the organization officials are planning to build obscure VR simulations of a number of cities. The final goal of the organization includes the creation of a fully functioning virtual model of the world. Arctic Cat Inc., a snowmobile manufacturer in the U.S., has developed a ride based on virtual reality experience for their potential customers. Moreover, the StubHub and eBay have announced the employment of virtual reality technology. Thus, such advancements are expected to provide growth to the US virtual reality market.
Market Segmentation
Virtual Reality Market by Component
o Hardware
o Software
Virtual Reality Market by System
o Non-immersive VR
o Semi-immersive VR
o Fully-immersive VR
Virtual Reality Market by Application
o Entertainment
o Gaming
o Tourism
o Training & Education
o Others (Live Events and Real Estate)
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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