The Virtual Reality Headset Market size is estimated to grow from USD XX Billion in 2021 to USD 46.42 Billion by 2027, growing at a CAGR of 29% during the forecast year from 2021 to 2027 Latest added Virtual Reality […]
The Virtual Reality Headset Market size is estimated to grow from USD XX Billion in 2021 to USD 46.42 Billion by 2027, growing at a CAGR of 29% during the forecast year from 2021 to 2027
Latest added Virtual Reality Headset Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Sony Corporation, Proteus VR Labs Limited, Merge Labs, Inc, Oculus VR, LLC, Microsoft Corp., Google, Inc., HTC Corporation, Samsung Electronics Limited, Facebook Technologies. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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This report studies the Virtual Reality Headset Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Virtual Reality Headset Market by companies, region, type and end-use industry.
Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Virtual Reality Headset Market Analysis Report, By Product Type (Standalone, Smartphone-enabled), Application (Gaming, Military), Technology (Non-immersive, Fully-immersive), Type (Mobile-Based VR Headset, PC-VR Headset) – Global Forecasts to 2027”. Early buyers will get 10% customization on study.
To Avail deep insights of Virtual Reality Headset Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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Virtual Reality Headset Market: Overview
Virtual reality (VR) headset is a device used to deliver virtual reality experience for three dimensional (3D) simulations, computer games, and other applications such as movies, play stations, etc. VR headset consists of an Organic Light-Emitting Diode (OLED) or Liquid Crystal Display (LCD) screen, and head motion tracking sensor to provide effective 3D picture. This sensor tracks the head motion and provides 3D image with up to 360 degree field of view as per head movement.
VR headset are increasingly used in the development of training methods, engineering design process, business environments, and audience engagement such as VR gaming, sports, and events. Furthermore, VR headsets are widely used in medical sector to train students for surgery, and other operations. In addition, with improving technology, VR headset with eye tracking, and motion tracking are in development to increase the user virtual reality experience. Oculus VR, LLC introduced a VR headset named “Oculus Touch” to track hand motions. Likewise, Fove, Inc. has introduced eye tracking feature in its new model named “Fove Dlodlo VR”.
Virtual Reality Headset Market: Growth Drivers and Restraints
Virtual reality is an emerging technology and is expected to have high demand in various applications. The rising demand for high quality and effective picture has led to the developments in virtual reality technology. Furthermore, adoption of VR headset technology is high in military and law enforcement, advertising, automotive industry. In addition, growing smart phone adoption around the globe, and increasing technology awareness is expected to drive the VR headset market.
However, the quality of visual effects delivered by VR headset is a major concern. If VR system is too sluggish to react with head movement, it causes concussion to user. In addition, VR headset are capable of stretching single display across a wide field of view causing magnification defect in display quality. Furthermore, the VR headset devices are expensive and time consuming to develop. All these factors are expected to restrain the growth of VR headset market during forecast period.
The growing smart phone penetration, and developments in 3D technology are expected to provide opportunities for VR headset market. In military sector, the U.K. government incorporated VR headset in its training of trauma medics for battle. Similarly, in healthcare, psychiatrists at University of Louisville are using VR headsets in cognitive behavior therapy to treat patients. National Aeronautics and Space Administration (NASA) uses VR to improve the mental health of astronauts for longer term missions. NASA using VR technology is providing virtual space station for interactive behavioral health training and treatment programs.
Virtual Reality Headset Market: Segmentation
VR headset market is segmented by end device, application, and geography. By device, VR headset market is segmented into low-end device, mid-range device, and high-end device. Based on the applications, VR headset marke is segmented into military, education, entertainment and media, sports, and telecommunications.
On the basis of region, VR headset market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America has seen increased demand for VR headset due to technology penetration and increasing investments in the technologies. In addition, North America, and Europe market are witnessing increased integration of smart devices such as VR headset in various applications such as films, military, education to develop and improve visual experience. Asia Pacific and Middle East and Africa are expected to see large scale adoption of VR headsets due to increasing technological advancements, and awareness.
Virtual Reality Headset Market: Key Players
The growing demand for VR products has led many manufacturers to introduce their products in the market. The major companies in VR headset market include Google, Inc., HTC Corporation, Oculus VR, LLC, Sony Corporation, Samsung Electronics Limited, Microsoft Corporation, Razer, Inc., Fove, Inc., Carl Zeiss AG, LG Electronics, Proteus VR Labs Limited, Sulon Technologies, Inc., Merge Labs, Inc., and Avegant Corporation.
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Regional analysis includes:
- North America
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- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
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- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at MarketDigits helps you break down the complex scenario and bring resiliency in uncertain times.
Some of the features of this Virtual Reality Headset Market report:
- Market size estimates: Virtual Reality Headset market size estimation in terms of value ($M) shipment.Trend and forecast analysis: Market trend (2015-2020) and forecast (2021-2027) by end use and use industry.
- Segmentation analysis: Virtual Reality Headset market size by application and headset in terms of value and volume shipment.
- Regional analysis: Virtual Reality Headset market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions in the Virtual Reality Headset market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape in the Virtual Reality Headset market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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