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Global Virtual Reality Market to be driven at a CAGR of 33% in the Forecast Period of 2021-2026

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Paul Flint
Global Virtual Reality Market to be driven at a CAGR of 33% in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Virtual Reality Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global virtual reality market, assessing the market based on its segments like components, technology, device, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@
https://www.expertmarketresearch.com/reports/virtual-reality-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Size (2020): USD 18 Billion
  • Forecast CAGR (2021-2026): 33%
  • Forecast Market Size (2026): USD 99.6 Billion

The global virtual reality market is primarily driven by gaming and entertainment sector. Additionally, utilisation in sectors such as automotiveaerospace, military and defence, and education for training pushes the growth of the market. The training of healthcare personnel for improving accuracy in surgical process presents positive opportunities for the market. Moreover, the advancement in electronics and artificial intelligence (AI) industries and faster internet speed aids in the growth. However, the requirement of heavy computing power may restrain the growth in the given forecast period.

Industry Definition and Major Segments

Virtual reality refers to a computer simulated 3-dimensional visual artificial environment.  It is utilised in gaming and entertainment sector where user interacts with the virtual environment through sensory equipment like glovesglasses, and headsets for enhanced customer experience. It is also being utilised in diverse sectors such as education, medical, and corporate training.

Explore the full report with the table of contents@
https://www.expertmarketresearch.com/reports/virtual-reality-market

The components of virtual reality industry are classified as:

By technology, the virtual reality is categorised into:

  • Non-immersive
  • Semi and Fully Immersive

On the basis of device, the industry is segmented into the following:

  • Gesture-Tracking Device (GTD)
  • Projectors and Display Wall (PDW)
  • Head Mounted Display (HMD)
  • Others

Based on the end use, the virtual reality is classified into:

Latest Global News on Virtual Reality Market@
https://www.expertmarketresearch.com/pressrelease/global-virtual-reality-market

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

Regionally, North America is the largest player in the global virtual reality market. This can be attributed to the presence of key market players and increasing investment for technological advancements. Asia Pacific is projected to show fastest growth owing to fast developing economies and growing technological advancements. Further the adoption of latest technologies in the region will aid in the growth. Europe is expected to show a steady growth due to primary utilisation of virtual reality in automotive sector. Middle East & Africa and Latin America are expected to see growth opportunities in the forecast period.

Key Market Players

The major players in the market are Google LLC, Sony Corporation, HTC Corporation, Samsung Electronics Co., Ltd, Facebook Technologies, LLC, Microsoft Corporation, Vuzix Corporation, EON Reality, Inc, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
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Country: United States
Website: https://www.expertmarketresearch.com

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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