Virtual Reality (VR) Market 2020 (CAGR 48.7% & Players) - Oculus, Google, HTC, Samsung, Sony, Lenovo

The New report includes a detailed study of Global Virtual Reality (VR) Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Virtual Reality (VR) Market.
Both primary and secondary research has been carried out to arrive at the desired outcome. The primary research included feedback, opinion, and suggestion provided by the people and organization residing in the key markets as identified the industry experts.

The Virtual Reality (VR) market was valued at USD 11.52 billion in 2019 and is expected to reach USD 87.97 billion by 2025, at a CAGR of 48.7% over the forecast period 2020- 2025.

(Avail a Up-to 30% discount on this report)
Click the link to get a free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/01091745077/virtual-reality-vr-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=28

Competitive Landscape:

The global virtual reality market is witnessing a rise in competitiveness among the companies. The market consists of various major players, such as Oculus, Google, HTC, Samsung, Sony, and Lenovo.

Recent Development:

For instance, in June 2018, Oculus Go was launched in the United Kingdom, Europe, and Canada, less than two months after its US debut. The prices for the standalone VR headset started at EUR 199 (EUR 219/CDN 270).

Further, in 2018, Sony Corporation patented a VR headset that combats simulation sickness with eye-tracking and more. According to the patents, the headset would use these features to establish a health threshold value that could presumably tell when a VR experience was becoming too intense for the user and then act accordingly.

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.

While VR for mobile is currently a less immersive experience than console and PC-based VR, its adoption is expected to increase over the forecast period, due to a host of technological advancements in the mobile VR space. Also, with the growth of smartphones, there is massive potential for the VR market, over the forecast period.

Explore Full Report With Detailed TOC Here:

https://www.marketinsightsreports.com/reports/01091745077/virtual-reality-vr-market-growth-trends-and-forecast-2020-2025?Mode=28

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.

Influence of the Virtual Reality (VR) market report:

-Comprehensive assessment of all opportunities and risk in the Virtual Reality (VR) market.
-Virtual Reality (VR) market recent innovations and major events.
-Detailed study of business strategies for growth of the Virtual Reality (VR) market-leading players.
-Conclusive study about the growth plot of Virtual Reality (VR) market for forthcoming years.
-In-depth understanding of Virtual Reality (VR) market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Virtual Reality (VR) market.

This research report represents a 360-degree overview of the competitive landscape of the Global Virtual Reality (VR) Market. Furthermore, it offers massive data relating to recent trends, technological advancements, tools, and methodologies. The research report analyzes the Global Virtual Reality (VR) Market in a detailed and concise manner for better insights into the businesses. Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Virtual Reality (VR) Market. The feasibility of the new report is also measured in this research report.

We also offer customization on reports based on specific client requirement:
1- Free country level analysis for any 5 countries of your choice.
2- Free Competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points

Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.