Pre And Post Covid-19 Impact: Virtual Reality Devices Industry Set For Rapid Growth And Global Forecast 2020-2023

The Business Research Company offers " Virtual Reality Devices Market Global Report 2020-30: Covid 19 Growth and Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global virtual reality devices market is expected to decline from $4.76 billion in 2019 to $3.99 billion in 2020 at a compound annual growth rate (CAGR) of -16.0%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $1087 billion in 2023 at CAGR of 39.62%.

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The virtual reality devices market consists of sales of virtual reality devices and related services. The VR devices use advanced computer technology called virtual reality to create a simulated environment. The VR devices such as head mounted display (HMD) devices , Gesture Tracking devices(GTD) , Projectors and display walls (PDW) enable the users to get immersed in a real environment and interact with 3D worlds. Some of the virtual reality devices include Oculus Rift - VR headset, HTC Vive - VR, Sony - PSVR, Samsung Gear VR - mobile VR headset with controller, and Google Cardboard - mobile VR headset by Google.

Rising demand for virtual reality devices in changing the traditional way of imparting safety trainings to employees is expected to drive the virtual reality devices market. Virtual Reality provides an effective and safe training environment for the employees in an organization. Traditional training method fail to recreate real time crisis scenarios while VR trainings create the real time crisis scenarios which helps a person to respond in a similar way to that of real time situations, thus providing effective and safe training to staff.

Virtual Reality Devices Market Segmentation: -
By Type
1. Hand Held Devices
2. Head Mounted Devices
3. Gesture Controlled Devices
4. Others

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Few Points From Table Of Content
1. Executive Summary
2. Virtual Reality Devices Market Characteristics
3. Virtual Reality Devices Market Size And Growth
4. Virtual Reality Devices Market Segmentation
5. Virtual Reality Devices Market Regional And Country Analysis
......
25. Virtual Reality Devices Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Virtual Reality Devices Market
27. Virtual Reality Devices Market Trends And Strategies
28. Virtual Reality Devices Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the virtual reality devices market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the virtual reality devices market are Google, Sony Corporation, Samsung Electronics Co., Ltd., Oculus VR LLC, Marxent Labs.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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