Virtual Reality Market To Reflect Impressive Growth Rate of 21.6% CAGR Till 2027, on Account of Rising Adoption of VR Technology For Enhancing User Experience | Million Insights

September 06 06:15 2021
Virtual Reality Market To Reflect Impressive Growth Rate of 21.6% CAGR Till 2027, on Account of Rising Adoption of VR Technology For Enhancing User Experience | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global virtual reality (VR) industry is expected to be driven by rising demand for 3-D visual experience prevailing among the users and the development of high-performance computers from 2020 To 2027.

The global virtual reality market is anticipated to value USD 62.1 billion until 2027. It is also expected to register a CAGR of 21.6% over the forecasted years, 2020 to 2027. Shifting trend towards the adoption of VR technology for enhancing user experience is expected to trigger the market growth for virtual reality.

The semi & fully immersive technology segment held the largest share of around 79.4% across the global market in 2019 on account of the increasing popularity of HMD-based VR devices. The non-immersive segment is projected to register moderate growth from 2020 to 2027 due to its feature of offering an enhanced computer-generated environment despite its immersion in the virtual world.

To download the sample PDF of “Virtual Reality Market Report” please click here: https://www.millioninsights.com/industry-reports/virtual-reality-vr-market/request-sample

Asia Pacific VR market

In 2019, the hardware segment held the highest share of 68.8% across the global market due to the increasing usage of electronic devices and smartphones among the millennial population. On the other hand, the software segment is estimated to witness the fastest growth over the forecasted years, 2020 to 2027 on account of the surging need for analyses of incoming data and input-output device management.

Asia Pacific accounted for a dominant share of 41.4% across the global virtual reality (VR) market in 2019 due to the rapid technological advancements being conducted across China and India for promoting usage of VR technology. The Europe is expected to register highest CAGR of 23.3% over the forecasted period on account of increasing popularity of VR headsets across the gaming community prevailing across countries like the U.K., France and Germany.

The market for the virtual reality includes key players such as Facebook Technologies, LLC; Ultraleap Limited; Alphabet, Inc.; Microsoft; and HTC Corporation. They are constantly engaged in conducting various R& D activities for product development, innovation and to launch attractive devices for enhancing user experience.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/virtual-reality-vr-market

Global VR market

Further key findings from the report suggest:

• The segment of semi & fully immersive technology held the largest share of 79.4% in 2019 across the global VR market.

• Hardware segment dominated the global market with share of 68.8% in 2019.

• Asia Pacific accounted for a dominant share of 41.4% across the global market in 2019.

• The key players in this market are Facebook Technologies, LLC; Ultraleap Limited; Alphabet, Inc.; Microsoft; and HTC Corporation.

Million Insights has segmented the global virtual reality market on the basis of device, technology, component, application, and region:

VR Device Outlook (Revenue, USD Million, 2016 – 2027)

    • Head-Mounted Display (HMD)

    • Gesture-Tracking Device (GTD)

    • Projectors & Display Wall (PDW)

VR Technology Outlook (Revenue, USD Million, 2016 – 2027)

    • Semi & Fully Immersive

    • Non-Immersive

VR Component Outlook (Revenue, USD Million, 2016 – 2027)

    • Hardware

    • Software

VR Application Outlook (Revenue, USD Million, 2016 – 2027)

    • Aerospace & Defense

    • Consumer

    • Commercial

    • Enterprise

    • Healthcare

    • Others

VR Regional Outlook (Revenue, USD Million, 2016 – 2027)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • U.K.

        • Germany

        • France

    • Asia Pacific

        • China

        • Japan

        • India

    • South America

        • Brazil

    • Middle East & Africa (MEA)

Browse the Latest Press Releases Available with Million Insights:

Pharmaceutical Glass Packaging Market – The global pharmaceutical glass packaging market size is estimated to arrive at USD 7.46 billion by 2028. It is projected to develop by 8.8% CAGR from 2021 to 2028.

Legal Marijuana Market – The global legal marijuana market is estimated to arrive at USD 70.6 billion by 2028. It is projected to develop by 26.7% CAGR from 2021 to 2028.

About Million Insights Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/virtual-reality-vr-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/ghaziabadonline/dispurnewsflash.com/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7