HOME Press Releases Virtual Reality Market worth $15.89 Billion by 2020

Virtual Reality Market worth $15.89 Billion by 2020

According to the new market research report "Virtual reality Market by Technology (Semi & Fully Immersive), Device (HMD, gesture Tracking), Component (Sensor, Display, Software), Application (Gaming, Entertainment, and Industrial), Geography - Trends & Forecasts to 2014-2020", the virtual reality technology market is expected to reach $15.89 Billion by 2020 at a CAGR of 63.18% between 2015 and 2020, The report includes an in-depth analysis of the market segmented on the basis of technology, devices, components, applications, and geography.

Browse 83 market tables and 79 figures spread through 185 pages and an in-depth TOC on “Virtual reality Market  - Trends & Forecasts to 2014-2020”
Early buyers will receive 10% customization on reports.

Virtual reality is an integration of hardware, software, and virtual content that is assembled to provide virtual reality experiences to users. Virtual reality is experienced by the user through devices such as head mounted displays (HMDs). The virtual reality technology plays a crucial role in many applications such as gaming, entertainment, aerospace and defense, industrial, medical, retail and marketing, education, and others. The consumers’ demand for virtual reality devices is projected to grow rapidly in the coming five years owing to the availability of technologically advanced virtual reality devices, increased computational power of the devices, and their increasing utility in the gaming and entertainment applications.

Some of the big technology giants have entered the virtual reality market. Facebook, Inc. (U.S.) acquired Oculus VR, Inc. (U.S.) in March 2014.  Sony Corporation (Japan) is developing “Project Morpheus”, HTC Corporation (Taiwan) and Valve Corporation (U.S.) are jointly developing “HTC Vive” head mounted display, Microsoft Corporation has revealed its “Microsoft HoloLens” device that is likely to be made available in early 2016. Apart from these, many other companies are waiting for the right opportunity to enter the virtual reality market.

This report describes the market trends, drivers, and challenges with respect to the global virtual reality technology market, and forecasts the market size between 2015 and 2020, segmented on the basis of technology, device, component, application, and geography. This global report provides a detailed view of the market across the regions of North America (the U.S. and others), Europe (France, Germany, the U.K., and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Rest of APAC), and RoW (Middle East & Africa and Latin America,).

The competitive landscape of the market shows a number of new product launches, large scale collaborations, and agreements and partnerships across the value chain, with a number of tier-one players around the globe. Major players in the global virtual reality technology market include Oculus VR, Inc. (U.S.), Samsung Electronics Co., Ltd (Korea), Eon Reality, Inc. (U.S.), Vuzix Corporation (U.S.), Sensics, Inc. (U.S.), Leap Motion, Inc. (U.S.), Sixense Entertainment, Inc. (U.S.), Cyberglove Systems LLC (U.S.), Microsoft Corporation (U.S.), Barco N.V. (Belgium), and others.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports