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VR Gaming Accessories Market Trends and Key Players Analysis Report 2022 - 2031 - TMR Study
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Key Drivers of the VR Gaming Accessories Market
Growing importance of virtual reality technology in the gaming industry and the increasing use of smartphones for enhancing the VR experience is expected to have a positive impact on the VR gaming accessories market.
The use of mobile based headsets is increasing as they do not use any cables attached to the gaming consoles and provide an uninterrupted gaming experience. This factor drives the growth of the VR gaming accessories market.
Increasing demand for electronic games coupled with the growing awareness about virtual reality is boosting the VR gaming accessories market. In addition, rising disposable income of consumers also has a positive impact on the demand for VR gaming accessories.
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Factors Restraining the VR Gaming Accessories Market
Demand for VR gaming accessories is affected due to high initial investment and high cost of VR gaming accessories such as VR headsets, sensor equipped gloves etc. Also, physical and mental conditions may get hampered due to gaming for longer periods of time. This is also a restraint of the VR gaming accessories market.
North America to Hold Leading Share of the Global VR Gaming Accessories Market
In terms of region, the global VR gaming accessories market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the VR gaming accessories market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The VR gaming accessories market in South America is segmented into Brazil and Rest of South America.
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North America dominated the global VR gaming accessories market in 2020, owing to the high purchasing power of consumers and considerable number of gamers in the region. Growth in population has been driving the VR gaming accessories market in North America, particularly in the US and Canada.
The VR gaming accessories market in North America is projected to expand at a rapid pace, followed by Asia Pacific, and Europe during the forecast period.
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Key Players Operating in the VR Gaming Accessories Market
The global VR gaming accessories market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global VR gaming accessories market are:
ZEISS Group
Xiaomi
Virtuix Omni
Sony Corporation
Oculus
Samsung
HP Development Company
Microsoft Corporation
HTC Corporation
Nintendo
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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