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According to the latest report by IMARC Group, titled " Virtual Reality Headset Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forec ast 2023-2028
," the global virtual reality headset market size reached US$ 9.4 Billion in 2022.
A virtual reality headset refers to a head-mounted device that is generally used while playing video games. It involves the use of advanced technologies in order to create simulated surroundings that offer an immersive 3D and first-person perspective (FTP) experience, along with a digitized landscape to the wearer.
It is usually equipped with a stereoscopic head-mounted display, accelerators, gyroscopic sensors, and magnetometers or structured light systems that enable individuals to interact with the virtual space that is created in the software. Apart from this, it is also widely adopted in medical, defense and military applications and industrial prototype training.
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The global market is primarily driven by continual technological advancements in gaming technology. This is supported by the widespread integration of machine learning and artificial intelligence (AI) technologies with VR headsets in order to offer realistic sounds, images, and sensations to the wearer, which is creating a positive outlook for the market. Also, the increasing deployment of advanced functions in the VR headsets that includes a field of view and frame rate, position and head tracking, and spatial audio and sound effects is also gaining prominence among the masses, especially young adults.
Apart from this, the rising product adoption in the healthcare sector for teaching trauma medical professionals about medical procedures and delivering enhanced care to patients is propelling the market growth. Some of the other factors contributing to the market growth include rapid digitization and the increasing investments by leading players in extensive research and development (R&D) activities to improve the existing virtual reality (VR) headset technology.
Looking forward, IMARC Group expects the market is anticipated to grow at a CAGR of 23.71% during 2023-2028. View
Key Market Segmentation
The research report includes the following segments:
Breakup by Product:
• PC Based
• Console Based
• Smartphone Based
• Standalone
Breakup by Material:
• Plastic
• Paper
• Others
Breakup by End-User:
• Consumer Electronics
• Healthcare
• Games and Entertainment
• Automobile
• Education
• Real Estate
• Military
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Competitive Landscape with Key Players:
• Fove Inc
• Google LLC (Alphabet Inc.)
• HTC Corporation
• LG Electronics Inc
• Merge Labs Inc
• Meta Platforms Inc
• Samsung Electronics Co. Ltd
• Sony Interactive Entertainment LLC (Sony Group Corporation)
1. How has the global virtual reality headset market performed so far and how will it perform in the coming years?
2. What are the key regional markets in the global virtual reality headset industry?
3. What has been the impact of COVID-19 on the global virtual reality headset industry?
4. What is the breakup of the market based on the product type?
5. What is the breakup of the market based on the material?
6. What is the breakup of the market based on the end-user?
7. What are the various stages in the value chain of the global virtual reality headset industry?
8. What are the key driving factors and challenges in the global virtual reality headset industry?
9. What is the structure of the global virtual reality headset industry and who are the key players?
10. What is the degree of competition in the global virtual reality headset industry?
11. What are the profit margins in the global virtual reality headset industry?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/virtual-reality-headset-market/toc
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