(Companies: Google, Sony Corporation, Samsung Electronics Co., Ltd, Oculus VR LLC, Marxent Labs)
The global virtual reality devices market is expected to grow to $16.19 billion by 2022
VR devices use advanced computer technology called virtual reality to create a simulated environment. VR devices such as head mounted display (HMD) devices, gesture tracking devices (GTD), and projectors and display walls (PDW) enable users to get immersed in a real environment and interact with 3D worlds.
The global virtual reality devices market is expected to grow to $16.19 billion at a rate of about 50.5% through 2022. Rising demand for virtual reality devices to change the traditional way of imparting safety trainings to employees is expected to drive the market. Virtual Reality provides an effective and safe training environment for the employees in an organization. Traditional training methods fail to recreate real time crisis scenarios, while VR trainings create these which helps a person to respond in a similar way as in that of real time situations, thus providing effective and safe training to staff.
However, health concerns over prolonged usage of virtual reality headsets is expected to limit the growth of companies in the virtual reality devices market.
Integration of 5K stereoscopic video in VR devices is one of the growing trends that is changing the landscape of the virtual reality device market. 5K stereoscopic video is a 5K-resolution video technology that replaces the previous 360 video low resolution technology used in VR headsets.
Major players in the market are Google, Sony Corporation, Samsung Electronics Co., Ltd, Oculus VR LLC, Marxent Labs.
Facebook Technologies, LLC, doing business as Oculus, is an American technology company founded by Palmer Luckey, Brendan Iribe, Michael Antonov and Nate Mitchell in July 2012 in Irvine, California. It is now based in Menlo Park. It specializes in virtual reality hardware and software products.
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Few Points From List Of Tables
Table 1: Global Historic Market Growth, 2014-2018, $ Billion
- Table 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion
- Table 3: Global Virtual Reality Devices Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 4: Global Virtual Reality Devices Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 5: Global Virtual Reality Devices Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 6: Global Virtual Reality Devices Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 7: Asia-Pacific, Virtual Reality Devices Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 8: Asia-Pacific, Virtual Reality Devices Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 9: China, Virtual Reality Devices Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 10: China, Virtual Reality Devices Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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