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Global Virtual Reality Market Size study&Forecast, by Device (Head-Mounted Display (HMD), Gesture-Tracking Device (GTD), Projectors & Display Wall (PDW)) by Technology (Semi & Fully Immersive, Non-Immersive), by Component (Hardware, Software), by Application (Aerospace & Defense, Consumer, Commercial, Enterprise, Healthcare, Others) and Regional Analysis, 2022-2029

March 2023 | 200 pages | ID: GEBBD483FFF5EN
Bizwit Research & Consulting LLP

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Global Virtual Reality Market is valued at approximately USD 21.83 billion in 2021and is anticipated to grow with a healthy growth rate of more than 15.0% over the forecast period 2022-2029.Virtual Reality is a virtual environment created for consumers to provide them witha computerized three-dimensional environment in the real world. Virtual reality is prevailing in several industries such as medical, security, military and weather forecasting. Usersfeel immersed in their surroundings due to the use of VR gadgets such as headsets, helmets, and bodysuits. VR creates a 3D environment with sight, touch, hearing, and smell. Additionally, the growing use of VR technology in several applications and the positive impact of COVID-19 on virtual business events has led to a huge rise in Virtual Reality Market.

The emerging use of Virtual Reality (VR) in several applications including defense, aerospace, and entertainment among others is driving the market demand. The increasing demand for virtual tourism that is experiencing travel with mobility implications is expected to grow by over 24 billion U.S. dollars by 2027. This tourism is initiated with the use of reality technologies, boosting the demand for VR. Further, the growing real-estate industries are adopting VR technologies to give virtual tours. For instance, in February 2021 Zillow a real-estate company introduced virtual tour“Zillow 3D Home Tour” for its consumers. The uncertain COVID-19 situation led to a healthy impact on virtual reality technology as the market for global meetings, incentives, conferences, and exhibitions (MICE) shifted to the digital experience. According to Statista, in 2020 the market size of MICE grew up to USD 1 Trillion. The gaming and e-sport industry was also boosted due to the pandemic, creating a demand for VR. Moreover, increasing investments by companies for continuous advancements and formulations lead to the growth of the VR market. However, harmful effects on health due to excessive use of Virtual Reality stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Virtual Reality Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.Asia-Pacific dominated the market of virtual reality technology with a revenue share of 40% in 2021. Investments in VR technology by the government and various key company players boosted the demand. The adoption of VR among consumers arerising with the rising awareness about the technology. Europe is anticipated to be the fastest-growing region with a CAGR of 16.6%. This is due to the increasing adoption of VR technology in various applications across several industries. This region has the largest gaming population which drives the demand forVR gadgets.

Major market player included in this report are:
Belgium American Radio Corporation (BARCO)
CyberGlove Systems, Inc.
Meta
High Tech Computer Corporation (HTC) Corporation
Microsoft Corporation
Samsung India Electronics Pvt. Ltd.
Oculus VR Inc.
Sixense Enterprises, Inc. (Penumbra, Inc.)
Ultraleap Limited
NextVR Inc.
Recent Developments in the Market:
In June 2020, Meta announces its acquisition of Ready at Dawn a VR games developer in order to develop games for Oculus Studios. This agreement is done to create excellent VR content for gamers as an independent studio.
In May 2020, Apple Inc. announces its acquisition ofNextVR Inc. to develop better VR Technologies for the sports and entertainment industries.
Global Virtual Reality Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Device, Technology, Component, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Device offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByDevice:
Head-Mounted Display (HMD)
Gesture-Tracking Device (GTD)
Projectors & Display Wall (PDW)
By Technology:
Semi & Fully Immersive
Non-Immersive
By Component:
Hardware
Software
By Application:
Aerospace & Defense
Consumer
Commercial
Enterprise
Healthcare
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Virtual Reality Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Virtual Reality Market, by Device,2019-2029 (USD Billion)
  1.2.3. Virtual Reality Market, by Technology, 2019-2029 (USD Billion)
  1.2.4. Virtual Reality Market, by Component, 2019-2029 (USD Billion)
  1.2.5. Virtual Reality Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL VIRTUAL REALITY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL VIRTUAL REALITY MARKET DYNAMICS

3.1. Virtual Reality Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Growing use of VR in several applications.
    3.1.1.2. Positive Impact of COVID-19.
  3.1.2. Market Challenges
    3.1.2.1. Harmful effects on health due to excessive use of VR.
  3.1.3. Market Opportunities
    3.1.3.1. Advancements in Formulation.
    3.1.3.2. Increasing Investments by Companies.

CHAPTER 4. GLOBAL VIRTUAL REALITY MARKETINDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL VIRTUAL REALITY MARKET, BY DEVICE

6.1. Market Snapshot
6.2. Global Virtual Reality Market by Device, Performance - Potential Analysis
6.3. Global Virtual Reality Market Estimates & Forecasts by Device2019-2029 (USD Billion)
6.4. Virtual Reality Market, Sub Segment Analysis
  6.4.1. Head-Mounted Display (HMD)
  6.4.2. Gesture-Tracking Device (GTD)
  6.4.3. Projectors & Display Wall (PDW)

CHAPTER 7. GLOBAL VIRTUAL REALITY MARKET, BY TECHNOLOGY

7.1. Market Snapshot
7.2. Global Virtual Reality Market by Technology, Performance - Potential Analysis
7.3. Global Virtual Reality Market Estimates & Forecasts by Technology2019-2029 (USD Billion)
7.4. Virtual Reality Market, Sub Segment Analysis
  7.4.1. Semi & Fully Immersive
  7.4.2. Non-Immersive

CHAPTER 8. GLOBAL VIRTUAL REALITY MARKET, BYCOMPONENT

8.1. Market Snapshot
8.2. Global Virtual Reality Market by Component, Performance - Potential Analysis
8.3. Global Virtual Reality Market Estimates & Forecasts by Component2019-2029 (USD Billion)
8.4. Virtual Reality Market, Sub Segment Analysis
  8.4.1. Hardware
  8.4.2. Software

CHAPTER 9. GLOBAL VIRTUAL REALITY MARKET, BY APPLICATION

9.1. Market Snapshot
9.2. Global Virtual Reality Market by Application, Performance - Potential Analysis
9.3. Global Virtual Reality Market Estimates & Forecasts by Application2019-2029 (USD Billion)
9.4. Virtual Reality Market, Sub Segment Analysis
  9.4.1. Aerospace & Defense
  9.4.2. Consumer
  9.4.3. Commercial
  9.4.4. Enterprise
  9.4.5. Healthcare
  9.4.6. Others

CHAPTER 10. GLOBAL VIRTUAL REALITY MARKET, REGIONAL ANALYSIS

10.1. Virtual Reality Market, Regional Market Snapshot
10.2. North America Virtual Reality Market
  10.2.1. U.S.Virtual Reality Market
    10.2.1.1. Devicebreakdown estimates & forecasts, 2019-2029
    10.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
    10.2.1.3. Component breakdown estimates & forecasts, 2019-2029
    10.2.1.4. Applicationbreakdown estimates & forecasts, 2019-2029
  10.2.2. CanadaVirtual Reality Market
10.3. Europe Virtual Reality Market Snapshot
  10.3.1. U.K. Virtual Reality Market
  10.3.2. Germany Virtual Reality Market
  10.3.3. France Virtual Reality Market
  10.3.4. Spain Virtual Reality Market
  10.3.5. Italy Virtual Reality Market
  10.3.6. Rest of EuropeVirtual Reality Market
10.4. Asia-PacificVirtual Reality Market Snapshot
  10.4.1. China Virtual Reality Market
  10.4.2. India Virtual Reality Market
  10.4.3. JapanVirtual Reality Market
  10.4.4. Australia Virtual Reality Market
  10.4.5. South Korea Virtual Reality Market
  10.4.6. Rest of Asia PacificVirtual Reality Market
10.5. Latin America Virtual Reality Market Snapshot
  10.5.1. Brazil Virtual Reality Market
  10.5.2. MexicoVirtual Reality Market
10.6. Rest of The World Virtual Reality Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Top Market Strategies
11.2. Company Profiles
  11.2.1. Belgium American Radio Corporation (BARCO)
    11.2.1.1. Key Information
    11.2.1.2. Overview
    11.2.1.3. Financial (Subject to Data Availability)
    11.2.1.4. ProductSummary
    11.2.1.5. Recent Developments
  11.2.2. CyberGlove Systems, Inc.
  11.2.3. Meta
  11.2.4. High Tech Computer Corporation (HTC) Corporation
  11.2.5. Microsoft Corporation
  11.2.6. Samsung India Electronics Pvt. Ltd.
  11.2.7. Oculus VR Inc.
  11.2.8. Sixense Enterprises, Inc. (Penumbra, Inc.)
  11.2.9. Ultraleap Limited
  11.2.10. NextVR Inc.

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Virtual Reality Market, report scope
TABLE 2. Global Virtual Reality Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Virtual Reality Market estimates & forecasts byDevice2019-2029 (USD Billion)
TABLE 4. Global Virtual Reality Market estimates & forecasts by Technology2019-2029 (USD Billion)
TABLE 5. Global Virtual Reality Market estimates & forecasts by Component2019-2029 (USD Billion)
TABLE 6. Global Virtual Reality Market estimates & forecasts by Application2019-2029 (USD Billion)
TABLE 7. Global Virtual Reality Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Virtual Reality Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Virtual Reality Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Virtual Reality Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Virtual Reality Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Virtual Reality Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Virtual Reality Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Virtual Reality Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Virtual Reality Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global Virtual Reality Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. U.S. Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. U.S. Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. Canada Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. Canada Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. UK Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. UK Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. Germany Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. Germany Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. FranceVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. FranceVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. ItalyVirtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. ItalyVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. ItalyVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. SpainVirtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. SpainVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. SpainVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoEVirtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. RoEVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. RoEVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. China Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. China Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. India Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. India Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. Japan Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. Japan Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. South Korea Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. South Korea Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. Australia Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. Australia Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPACVirtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. RoAPACVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. RoAPACVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Brazil Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Brazil Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. Mexico Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. Mexico Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLAVirtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. RoLAVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. RoLAVirtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Virtual Reality Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 69. Row Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. Row Virtual Reality Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Virtual Reality Market
TABLE 72. List of primary sources, used in the study of global Virtual Reality Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Virtual Reality Market, research methodology
FIG 2. Global Virtual Reality Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Virtual Reality Market, key trends 2021
FIG 5. Global Virtual Reality Market, growth prospects 2022-2029
FIG 6. Global Virtual Reality Market, porters 5 force model
FIG 7. Global Virtual Reality Market, pest analysis
FIG 8. Global Virtual Reality Market, value chain analysis
FIG 9. Global Virtual Reality Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Virtual Reality Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Virtual Reality Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Virtual Reality Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Virtual Reality Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Virtual Reality Market, regional snapshot 2019 & 2029
FIG 15. North America Virtual Reality Market2019 & 2029 (USD Billion)
FIG 16. Europe Virtual Reality Market2019 & 2029 (USD Billion)
FIG 17. Asia pacific Virtual Reality Market2019 & 2029 (USD Billion)
FIG 18. Latin America Virtual Reality Market2019 & 2029 (USD Billion)
FIG 19. Global Virtual Reality Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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