Market Research Report
Virtual Reality (VR)
|Published by||Global Industry Analysts, Inc.||Product code||248916|
|Published||Content info||86 Pages
Delivery time: 1-2 business days
|Virtual Reality (VR)|
|Published: February 1, 2020||Content info: 86 Pages||
Virtual Reality (VR) market worldwide is projected to grow by US$66.5 Billion, driven by a compounded growth of 41.3%. Consumer Electronics, one of the segments analyzed and sized in this study, displays the potential to grow at over 34.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$24.5 Billion by the year 2025, Consumer Electronics will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 45.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.9 Billion to the region's size and clout in the next 5 to 6 years. Over US$3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Consumer Electronics will reach a market size of US$1.7 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 39.7% over the next couple of years and add approximately US$11 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,