According to the latest report of the IMARC group “Virtual Reality Headset Market: Trends, Participation, Size, Growth, Opportunity and Global Industry Forecasts 2021-2026“, The global market of headsets of virtual reality experienced a strong growth during the period 2015-2020. Looking to the future, the IMARC Group expects the market to grow at a CAGR of 28% between 2021-2026.
Virtual reality (VR) refers to a computer technology that creates an artificial three-dimensional (3D) environment to provide a realistic user experience. The main component of virtual reality is a head-mounted headset with display screens and gloves equipped with hardware, software and sensory input devices to achieve a sense of presence through semi, non-fully immersive movies and videos. of 360 degrees.
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Note: We regularly monitor the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will be integrated into the report.
Market trends:
The global virtual reality market is driven primarily by the growing adoption of virtual reality in the gaming and entertainment industries. Game developers launch sensor-enabled sports equipment, such as a tennis racket, to play a simulation of computer-controlled games indoors. They also launch HMDs and innovative glasses with 360-degree viewing capabilities. In addition, there has been an increase in demand for virtual reality technology, as driving schools and institutions use this technology to provide students with a first-hand experience of road and transit driving scenarios. It also familiarizes them with the steering wheel, brake and accelerator of the vehicle. Due to these factors, the market is expected to experience positive growth in the coming years.
Market breakdown by product:
- PC based
- Console based
- Based on smartphones
- Self employed
Breakdown of the market by materials:
Market breakdown by end user:
- Consumer electronics
- Health care
- Games and entertainment
- Car
- Education
- Real state
- Military
Market breakdown by regions:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive landscape:
The report also analyzed the competitive landscape of the market along with the profiles of key players.
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As the new coronavirus crisis (COVID-19) takes hold in the world, we are continually tracking changes in markets, as well as global consumer industry behaviors and our estimates of the latest trends and forecasts in the market are being made after considering the impact of this pandemic.
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