Virtual Reality Devices Market Size, Industry Outlook And Forecast For 2031 - Google, Sony Corporation, Samsung Electronics Co. Ltd, Oculus VR LLC, Marxent Labs

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The global virtual reality devices market report by the business research company identifies rising demand for virtual reality devices in changing the traditional way of imparting safety trainings to employees to be a major growth driver for 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. It has resulted in fewer mistakes and better information recall than traditional trainings. For example, Ford uses virtual reality which simulates real-life situations to train its staff in a more receptive and effective way than training theoretically.

The global virtual reality devices market grew from $9.48 billion in 2021 to $10.15 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The virtual reality devices market is expected to grow to $13.28 billion in 2026 at a CAGR of 6.9%.

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Asia Pacific was the largest region in the virtual reality devices market in 2021. Western Europe was the second-largest region in the virtual reality devices market. The regions covered in the virtual reality devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the virtual reality devices market are Google, Sony Corporation, Samsung Electronics Co. Ltd, Oculus VR LLC, Marxent Labs, Microsoft Corporation, Apple, HTC Corporation, Qualcomm, and Lenovo Group Ltd.

The global virtual reality devices market is segmented -
1) By Type: Hand Held Devices, Head Mounted Devices, Gesture Controlled Devices
2) By Application: Medical & Healthcare, Commercial, Education, Advertsiing & Marketing, Commerce, Energy & Utilities, Entertainment & Gaming, Designing & Engineering, Logistics
3) By Technology: Semi & Fully Immersive, Non-Immersive

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The Virtual Reality Devices Market Report Contents Include
1. Executive Summary
2. Virtual Reality Devices Market Characteristics
3. Virtual Reality Devices Market Trends And Strategies
4. Virtual Reality Devices Market - Macro Economic Scenario
5. Virtual Reality Devices Market Size And Growth
....
28. Key Mergers And Acquisitions In The Virtual Reality Devices Market
29. Virtual Reality Devices Market Future Outlook and Potential Analysis
30. Appendix

This 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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