VR Gaming Accessories Market to See Incredible Growth by 2025

From flight simulators to car-racing games, Virtual Reality (VR) is continuously drifting on the edges of the gaming world. Virtual reality gaming is the application of a three-dimensional (3-D) artificial environment to computer games where a person can experience being in a three-dimensional environment and interact with that environment during a game. VR systems incorporate a game controller and other devices referred as haptic systems for transmission of vibrations and other sensations to the user. VR gaming accessories include head mounted displays, motion sensing devices, treadmills, gloves, masks, backpacks, and bodysuits to track the motion of body parts and respond accordingly.

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VR gaming is slightly different from augmented reality gaming, as augmented reality involves the integration of digital content with the user’s real-world environment unlike VR’s simulation. As there are technological advancements in VR gaming hardware, VR headsets are offering a great experience without lag or nausea, the two areas that had presented problems historically.

Rise in adoption of gaming consoles equipped with VR technology due to presence of efficient processors over desktop and smartphones, several start-ups involved in the development of prototypes to adopt virtual reality technology in video games, and development of new peripherals in VR gaming like the Oculus Rift are some major factors driving the growth of VR gaming accessories market.

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However, factors such as lack of awareness about VR technology games among people, compatibility issues of VR gaming devices with consoles, high initial investment, and risk of physical and mental ailments due to excessive use of these devices are restraining the growth of VR gaming accessories market.

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North America and Europe region is on top and is expected to dominate the VR gaming accessories market in the future, due to presence of companies developing virtual reality games in these regions. Asia Pacific’s VR gaming accessories market is identified as the fastest growing market along with Japan, due to large companies in countries such as China and Taiwan are embracing virtual reality technology in video games. Latin America and Middle East region is also catching up with this market at a considerable pace and is expected to grow in the near future due to rising awareness regarding VR among people.

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