Virtual Reality (VR) in Gaming Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

The global VR in the gaming market is anticipated to grow at a considerable CAGR of 31.0% during the forecast period. The market growth is mainly attributed to the growth in technological advancement across the globe. The improvement in the 3D multimedia graphics performance assists in alluring virtual accessories that improve user engagement with more interest towards involvement and interactive graphics. Moreover, to meet the needs of the users the demand for new sources of entertainment with an efficient processor is estimated to increase the interest among the users and further lead to the growth of the market. In addition to this, the increase in the use of VR for desktop games, smartphones, and gaming consoles in various types of games and companies engaged in R&D activities are some of the other factors driving the growth of the market.

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According to figures released by the Entertainment Software Association, as of March 2020, 29% of the 169 million gamers owned a VR for gaming, and the market is estimated to have a lucrative growth in the forecast period as the number of users will increase if the price goes down. Besides, the major player's initiatives in the advancements are to propel the market growth. For instance, In May 2021, HTC Corp. has announced the launch of HTC Vive Pro 2, a VR headset that is connected to the PC, and the HTC Vive Focus 3, a standalone VR headset that is easier to take everywhere to its product line. In September 2020, Advanced Micro Devices (AMD), Inc. is a company that manufactures microchips, has released the Radeon RX 5300 graphics processing unit ("GPU"), which is intended to improve video gaming performance. The graphics card supported AAA, eSports, and VR (VR) games, providing the necessary speed for desktop graphics solutions. The Radeon RX 5300 has DirectX12 Technology, AMD FreeSync Technology, and the Vulkan API for a more immersive gaming experience.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Device Type

o By Game Type

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Google VR, Nintendo Co., Ltd., Oculus (Facebook Technologies, LLC.), Sony Interactive Entertainment LLC, NVIDIA Corp., Microsoft Inc., HTC Corp., and Advanced Micro Devices, Inc. among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global VR in Gaming Market Report Segment

By Device Type

Gaming Console
Desktop
Smartphones

By Game Type

Racing games
Adventurous games
Fighting games
Shooting games
Mystery thriller games
Science fiction games
Simulation Games
Other games

A full report of Virtual Reality (VR) in Gaming Market is available at: https://www.omrglobal.com/industry-reports/virtual-reality-vr-in-gaming-market

Virtual Reality (VR) in Gaming Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Advanced Micro Devices, Inc.
Arctic Sun VRVR
bHaptics, Inc.
Cloudhead Games Ltd.
Firsthand Technology Inc.
GoogleLLC
HTC Corp.
Microsoft, Inc.
nDreams Ltd.
Niantic, Inc.
Nintendo Co., Ltd.
NVIDIA Corp.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

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