Press release
Virtual Reality Headset Market Size to Reach US$ 26.8 Billion, Globally, by 2027 at 23.27% CAGR
A virtual reality (VR) headset refers to a heads-up display (HUD) device that allows users to experience a first-person view (FPV) and interact with a simulated artificial three-dimensional (3D) environment. It is usually integrated with stereoscopic head-mounted goggles that have stereo sound, display screens, and head motion tracking sensors to deliver an interactive and immersive audiovisual experience. Virtual reality headset is extensively used in consumer electronics, military equipment, automobiles, real estate, healthcare applications, etc.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Virtual Reality Headset Market Trends and Drivers:
The rising utilization of smartphones is among the key factors stimulating the virtual reality headset market. Moreover, the inflating popularity of VR games among the millennial population is acting as another significant growth-inducing factor. Besides this, the widespread adoption of virtual reality in the defense sector for medical training, vehicle simulation, flight and battlefield simulations, virtual boot camps, etc., is positively influencing the global market. Furthermore, the escalating demand for technologically advanced digital entertainment devices in filmmaking and professional sports leagues and associations is propelling the market growth.
Apart from this, the growing usage of VR in driving institutions to provide learners with a first-hand experience of road and traffic scenarios is also bolstering the global market. Additionally, leading manufacturers are incorporating additional features, including buttons, near field communication (NFC) chips, Bluetooth connectivity, etc., in the assembled virtual reality headset kits to expand their consumer base, thereby augmenting the market growth. In line with this, extensive investments by key market players in R&D activities are anticipated to fuel the virtual reality headset market over the forecasted period.
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Virtual Reality Headset Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Fove Inc., Google LLC (Alphabet Inc.)
HTC Corporation
LG Electronics Inc.
Merge Labs Inc.
Meta Platforms Inc.
Samsung Electronics Co. Ltd.
Sony Interactive Entertainment LLC (Sony Group Corporation).
Report Segmentation:
The report has segmented the market into the following categories:
Market Breakup by Product:
PC Based
Console Based
Smartphone-Based
Standalone
Market Breakup by Material:
Plastic
Paper
Others
Market Breakup by End-User:
Consumer Electronics
Healthcare
Games and Entertainment
Automobile
Education
Real Estate
Military
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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