Global Immersive Virtual Reality Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: April 29, 2020 |


The global immersive virtual reality market size is expected to register a massive CAGR around 19% during the forecast period 2020 to 2027. The market growth for immersive virtual reality primarily rests on advances in the military and defense sectors. The simulation of battlefield environments with the help of immersive virtual reality has played an important role in the development of the global market. VR has also affected the healthcare sector as it helped to create a virtual environment for surgeons. The adoption of such technology is expected to fill the horizon for the health industry which in turn will boost the market.

The market is segmented on the basis of technology, device type, end-use, and region. By end-use industry, the gaming and entertainment segment held the largest share of immersive virtual reality market in 2019. A growing number of companies entering the gaming market are providing new and advanced products that drive the gaming segment. By region, North America held the largest market share in 2019. North America dominated the immersive virtual reality market in terms of revenue with more than 50% of market share.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The report on the immersive virtual reality market offers in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the immersive virtual reality industry. Some of the key factors considered during the course of research included product definition, product classification, industry structure, various participants in the immersive virtual reality ecosystem, etc. The report includes market sizes and forecast for the period from 2018 to 2027, and compounded annual growth rate (CAGR%) measured for individual segments and regional markets, competitive landscape of leading market players, critical analysis of market dynamics and profiling of key providers participating in the immersive virtual reality market.

According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of immersive virtual reality industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

  • 2018 - Historical Year for immersive virtual reality Market
  • 2019 - Base Year for immersive virtual reality Market
  • 2020-2027 - Forecast Period for immersive virtual reality Market

The immersive virtual reality market report offers a primary overview of the immersive virtual reality industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the immersive virtual reality industry.

Immersive Virtual Reality Market Segmentation:

By Technology:

  • Semi-immersive
  • Fully-immersive

By Device Type:

By End-Use:

  • Gaming & Entertainment
  • Aerospace & Defense
  • Healthcare
  • Education
  • Others

List of Key Companies:

  • Durovis Dive
  • Sony Interactive Entertainment LLC
  • Google LLC
  • Samsung
  • HTC Corporation
  • HMD-TECH
  • LG Electronics Inc.
  • Microsoft Corporation

Immersive Virtual Reality Market Report Scope

This report provides an investigative analysis of the immersive virtual reality market encapsulated in detailed sections such as

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

COVID-19 Impact on the Immersive Virtual Reality Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the immersive virtual reality market.

  • V Shaped Recovery
  • U Shaped Recovery
  • L Shaped Recovery
  • W Shaped Recovery
COVID-19 Impact on the Immersive Virtual Reality Market

COVID-19 Impact on the Immersive Virtual Reality Market - L Shaped Recovery

Geographic Coverage

Geographically, the immersive virtual reality Market report comprises dedicated sections centering on the regional market revenue and trends. The immersive virtual reality market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The immersive virtual reality market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. immersive virtual reality Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.

  • North America immersive virtual reality Market Revenue and Forecast
  • Europe immersive virtual reality Market Revenue and Forecast
  • Asia Pacific immersive virtual reality Market Revenue and Forecast
  • Latin America immersive virtual reality Market Revenue and Forecast
  • Middle East and Africa immersive virtual reality Market Revenue and Forecast

Key Questions Answered by Immersive Virtual Reality Market Report

  • Market size and forecast of the immersive virtual reality market for the period from 2018 to 2027
  • Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
  • Value chain analysis
  • Market share analysis combined with competitive landscape of key players
  • Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage
The global immersive virtual reality market size is expected to register a massive CAGR around 19% during the forecast period 2020 to 2027. The market growth for immersive virtual reality primarily rests on advances in the military and defense sectors. The simulation of battlefield environments with the help of immersive virtual reality has played an important role in the development of the global market. VR has also affected the healthcare sector as it helped to create a virtual environment for surgeons. The adoption of such technology is expected to fill the horizon for the health industry which in turn will boost the market.

The market is segmented on the basis of technology, device type, end-use, and region. By end-use industry, the gaming and entertainment segment held the largest share of immersive virtual reality market in 2019. A growing number of companies entering the gaming market are providing new and advanced products that drive the gaming segment. By region, North America held the largest market share in 2019. North America dominated the immersive virtual reality market in terms of revenue with more than 50% of market share.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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COVID-19 Impact on the Immersive Virtual Reality Market

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