Virtual Reality Market Status, Technology and Manufacturers' Analysis and Foreca

1. Virtual Reality Market Size Worth USD 43.01 Billion in 2028 www.emergenresearch.com Surge in adoption of automation in consumer sector in developing countries will fuel growth of the virtual reality market to a significant extent going ahead . 2

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5. Market Summary The global Virtual Reality (VR) Marketsize is expected to reach USD 43.01 Billion at a steady CAGR of 27.5% in 2028, according to latest analysis by Emergen Research. Virtual reality technology and solutions demand is increasing due to surge in usage of head-mounted displays in gaming and entertainment, as well as in the retail sector, which is expected to continue to drive market revenue growth going ahead. Virtual reality provides various benefits such as it allows users to immerse themselves in video games as one of the characters, learn to perform heart surgery virtually, and also enhances the quality of sports training to maximize performance. Increasing deployment of 5G networks is also propelling growth of the virtual reality market. 5G services provide ultra-low and high-bandwidth latency. This will help support the adoption of virtual reality in various applications such as training, entertainment, and simulation, among others. The upsurge in demand for head-mounted displays in the gaming industry is also driving growth of the market. The gaming and entertainment industry has been witnessing a rapid technological revolution with the emergence of 3D and VR technology. Video game users prefer head-mounted displays to enrich user experience and entertainment, and this is expected to continue over the forecast period. Read More : https://www.emergenresearch.com/industry-report/virtual-reality-market www.emergenresearch.com

6. Market Summary Some Key Findings From the Report: In March 2021, Square Yards, which is a brokerage firm, acquired PropVR, which is an AI-based platform specializing in developing digital property experiences using 3D technologies, augmented reality, and virtual reality. PropVR converts physical space or floor plan into an interactive 3D walkthrough. Square Yards covers the entire real-estate journey from search & discovery, mortgages, transactions, rentals, interiors, property management, and post-sales services. Gesture tracking devices provide real-time data to computers to fulfil the user’s commands. Gesture recognition also offers better ergonomics for consumer devices. Motion sensors can track and interpret gestures, and use them as a primary source of data input. Moreover, rise in use of biometric systems in various fields of people’s lives, from home and cars, to shops, is also driving demand for these devices. Request Free Sample : https://www.emergenresearch.com/request-sample/630 Semi and fully immersive simulations offer users a realistic experience, complete with sound and sight. This type of virtual reality is common in gaming and other entertainment in virtual reality arcades, or even in the user’s home. Rise in demand for complete immersion in virtual reality will continue to drive revenue growth of the semi and fully immersive segment. Key players in the market include Microsoft, Samsung Electronics, Google, Eon Reality, Sony, Mindmaze, Panasonic Corporation, HTC, Firsthand Technology, and Cyberglove Systems. www.emergenresearch.com

7. Market Summary • Offering Outlook (Revenue, USD Billion; 2018–2028) • Hardware • Displays and Projectors • Sensors • Cameras • Position Trackers • Semiconductor Components • Others (Computer/video generator and combiner) • Software • Cloud-Based Services • Software Development Kits • VR Content Creation • Technology Outlook (Revenue, USD Billion; 2018–2028) • Non-immersive • Semi and Fully Immersive • Request customization of the report @ https://www.emergenresearch.com/request-for-customization/630

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