DUBLIN--(BUSINESS WIRE)--The "Virtual Reality Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Virtual reality market is expected to witness an exponential CAGR of 49.71% during the forecast period 2017 to 2023. The market is expected to reach US$60.901 billion by the end of the year 2023, from a market size of US$5.409 billion in 2017.
Increased use of virtual reality in the defence sector, growing use of head-mounted displays (HMD) in the entertainment and gaming sector along with declining prices of displays and hardware components are some of the key factors propelling the market.
Other driving factors complementing the growth of the virtual reality market is the higher interest of large technology companies in virtual reality and easy availability of head-mounted displays leading to improving adoption rate of these solutions. Other end user industries apart from the traditional ones are also beginning to experiment with VR solutions leading to increased demand for these solutions.
However, the major challenges faced by the virtual reality market is display latency, energy consumption and health concerns.
Major industry players profiled as part of the report are Facebook Inc., Microsoft corporation, Google LLC, and Vuzix Corporation among others.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market.
The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Virtual Reality Market By Component
6. Virtual Reality Market By Devices
7. Virtual Reality Market By End User Industry
8. Virtual Reality Market By Geography
9. Competitive Intelligence
10. Company Profiles
- Facebook Inc.
- Sony Corporation
- HTC Corporation
- EON Reality Inc.
- Google LLC
- Microsoft Corporation
- Vuzix Corporation
- Samsung Electronic Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/4xdp58/virtual_reality?w=4