According to a new market report published by
Lucintel, the future of the global virtual reality headset market looks promising
with opportunities in the gaming & entertainment, real estate, healthcare,
retail, and military market. The global virtual reality (VR) headset market is
expected to reach an estimated $38.7 billion by 2024 with a CAGR of 41.0% from
2019 to 2024. The major drivers for this market are increasing penetration of virtual
reality content in gaming, sports, and entertainment and growing demand for VR
headset in health care and retail sectors.
In this market, standalone, smartphone enabled
and PC-connected virtual reality headset is used for video games, simulators
and training. On the basis of its comprehensive research, Lucintel forecasts
that the smartphone enabled virtual reality headset will remain the largest
segment and it is also expected to witness the highest growth due to increasing
demand for smartphones gaming.
Within the global virtual reality headset
market, gaming & entertainment will remain the largest application due to
growth of the gaming industry and increasing development of VR specific games
by various gaming enterprises.
North America will remain the largest region due
to rising demand for VR games, specifically Raw Data & Resident Evil 7
among others, and growing investment by leading technology companies. APAC is
expected to witness highest growth over the forecast period due to increasing digitalization and development of VR based content for
gaming and entertainment sector.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the introduction of attractive, sleek,
and convenient VR headsets and the development of artificial intelligence
incorporated VR headsets. Sony, HTC, Samsung Electronics, Facebook and Google are
the major virtual reality headset manufacturers.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed trends, forecast, and growth
opportunities in the global virtual reality headset. Lucintel has compiled a comprehensive research
report entitled “Growth
Opportunities in the Global Virtual Reality Headset Market 2019-2024: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as a
catalyst for growth strategy, as it provides comprehensive data and analysis on
trends, key drivers, and directions. The study includes a complete forecast for
the global virtual reality headset market by headset type, application, and
region, as follows:
By Application [$M shipment analysis for 2013
– 2024]:
- Gaming & Entertainment
- Real Estate
- Healthcare
- Retail
- Military
- Education
By
Headset Type [$M shipment analysis for 2013 – 2024]:
- Smartphone-enabled
- Standalone
- PC-connected
By Region [$M shipment analysis for 2013 – 2024]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This
190-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Consumer
Goods Report, Consumer
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q. 1 What
are some of the most promising, high growth opportunities for the virtual
reality headset market by headset type (standalone, smartphone enabled and
PC-connected),by application (military, education, entertainment and media,
retail, real estate and healthcare), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the
key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the market? Which companies are
leading these developments?
Q.9. Who are the major players in this market? What strategic
initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry?
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