Global Virtual Reality (VR) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 Virtual Reality (VR) Market report contains a forecast of the next 5 years, starting 2019 and ending 2024 with a host of metrics like supply-demand ratio, Virtual Reality (VR) market frequency, dominant players of Virtual Reality (VR) market, driving factors, restraints, and challenges. The report also contains market revenue, sales, Virtual Reality (VR) production and manufacturing cost that could help you get a better view on the market. The Report Focuses on the key Global Virtual Reality (VR) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Top Companies in the Global Virtual Reality (VR) Market: Oculus VR LLC, Sony Corporation, Samsung Electronics Co. Ltd., Google LLC, Lenovo Group Ltd., Pico Interactive Inc., StarVR Corporation, FOVE Inc., Unity Technologies Inc., Unreal Engine (Epic Games Inc.), Crytek GmbH, Autodesk Inc., Eon Reality Inc., 3D Systems Corporation, Dassault Systemes SE And others.
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Key Market Trends
Mobile Hardware expected to Hold Major Share
Mobile virtual reality (VR) is the most affordable experience for consumers who want to explore VR without spending a substantial amount of money. Additionally, the portability and massive install base of smartphone users, across the world, lead to its wide-scale adoption. VR headsets rely on the smartphone to display content and use numerous specially developed apps for the same.
For instance, Matterport VR Showcase is a virtual reality app compatible with Samsung Galaxy series (Android KitKat 4.4+), for which the Oculus Gear VR app needs to be installed on the device.
In 2016, approximately 87% of the virtual reality headsets sold worldwide were mobile phone-based, meaning a user’s smartphone mounted on the headset and operated as the screen. Popular mobile phone VR headsets include the Google Daydream View and Samsung Gear VR.
Asia-Pacific Region expected to Witness Significant Growth
Asia-Pacific is expected to hold the major share, owing to the presence of large and several emerging economies, along with the rising acceptance of virtual reality devices in the region. This is, in turn, expected to encourage industry players to invest in the region. China is expected to account for a prominent share in the region, owing to the rising adoption of VR technology in the country. VR took the center stage in China’s tech scenario in 2016. Many startups related to virtual reality are also growing in the country. For instance, Palapple is developing its own VR products. The company also created a project called VResidence, which offers a number of virtual reality real estate products, including an online platform for second-hand property.
Regional Analysis For Virtual Reality (VR) Market:
For comprehensive understanding of market dynamics, the Global Virtual Reality (VR) market is analyzed across key geographies namely: North America (Global Canada, Mexico), Europe (Germany, UK, France, Rest of Europe), Asia Pacific (Global, Japan, Global Rest of Asia Pacific), Latin America (Global, Argentina, Rest of Latin America) And Rest of the World.
The report has 150 tables and figures browse the report description and TOC:
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Virtual Reality (VR) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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