Global Virtual Reality Market in Education Sector 2022-2026

Description

List of Tables

Technavio has been monitoring the virtual reality market in the education sector and it is poised to grow by $ 16.12 bn during 2022-2026, accelerating at a CAGR of 59.28% during the forecast period. Our report on the virtual reality market in the education sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased affordability of VR gear, increasing need for experiential learning, and easy-to-use content creation platforms.

The virtual reality market in the education sector analysis includes the product, end-user segment, and geographic landscape.

Technavio's virtual reality market in the education sector is segmented as below:

By Product

VR hardware
VR content

By End-user

higher education
K-12

By Geographical Landscape

North America
Europe
APAC
South America
The Middle East and Africa

This study identifies the increasing number of social VR spaces as one of the prime reasons driving the virtual reality market in the education sector growth during the next few years. Also, 360-degree videos and increasing emphasis on foveated rendering will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the virtual reality market in the education sector covers the following areas:

Virtual reality market in the education sector sizing
Virtual reality market in the education sector forecast
Virtual reality market in education sector industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading virtual reality market in education sector vendors that include Alchemy VR Ltd, Alphabet Inc., Avantis Systems Ltd., Curiscope Ltd., Eon Reality Inc., fotonVR, HTC Corp., Lenovo Group Ltd., Meta Platforms Inc., Microsoft Corp, Nearpod Inc., RedboxVR, Samsung Electronics Co. Ltd., Sony Group Corp, Unimersiv, Veative Labs, VictoryXR Inc., Virtalis Holdings Ltd., VR Owl Solutions BV, and zSpace Inc. Also, the virtual reality market in the education sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40435

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
Exhibit 25: Chart on Product - Market share 2021-2026 (%)
Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product
5.3 VR hardware - Market size and forecast 2021-2026
Exhibit 29: Chart on VR hardware - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on VR hardware - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on VR hardware - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on VR hardware - Year-over-year growth 2021-2026 (%)
5.4 VR content - Market size and forecast 2021-2026
Exhibit 33: Chart on VR content - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on VR content - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on VR content - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on VR content - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Product
Exhibit 37: Market opportunity by Product ($ million)

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 38: Chart on End-user - Market share 2021-2026 (%)
Exhibit 39: Data Table on End-user - Market share 2021-2026 (%)
6.2 Comparison by End-user
Exhibit 40: Chart on Comparison by End-user
Exhibit 41: Data Table on Comparison by End-user
6.3 Higher education - Market size and forecast 2021-2026
Exhibit 42: Chart on Higher education - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on Higher education - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on Higher education - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on Higher education - Year-over-year growth 2021-2026 (%)
6.4 K-12 - Market size and forecast 2021-2026
Exhibit 46: Chart on K-12 - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on K-12 - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on K-12 - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on K-12 - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by End-user
Exhibit 50: Market opportunity by End-user ($ million)

7 Customer Landscape

7.1 Customer landscape overview
Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
Exhibit 52: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 53: Data Table on Market share By Geographical Landscape 2021-2026 (%)
8.2 Geographic comparison
Exhibit 54: Chart on Geographic comparison
Exhibit 55: Data Table on Geographic comparison
8.3 North America - Market size and forecast 2021-2026
Exhibit 56: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 57: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 58: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 59: Data Table on North America - Year-over-year growth 2021-2026 (%)
8.4 Europe - Market size and forecast 2021-2026
Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)
8.5 APAC - Market size and forecast 2021-2026
Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
8.6 South America - Market size and forecast 2021-2026
Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)
8.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
8.8 US - Market size and forecast 2021-2026
Exhibit 76: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on US - Year-over-year growth 2021-2026 (%)
8.9 UK - Market size and forecast 2021-2026
Exhibit 80: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on UK - Year-over-year growth 2021-2026 (%)
8.10 Germany - Market size and forecast 2021-2026
Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
8.11 China - Market size and forecast 2021-2026
Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
8.12 Australia - Market size and forecast 2021-2026
Exhibit 92: Chart on Australia - Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on Australia - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on Australia - Year-over-year growth 2021-2026 (%)
8.13 Market opportunity By Geographical Landscape
Exhibit 96: Market opportunity By Geographical Landscape ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 97: Impact of drivers and challenges in 2021 and 2026
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 99: Overview on factors of disruption
10.4 Industry risks
Exhibit 100: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
Exhibit 101: Vendors covered
11.2 Market positioning of vendors
Exhibit 102: Matrix on vendor position and classification
11.3 Alchemy VR Ltd
Exhibit 103: Alchemy VR Ltd - Overview
Exhibit 104: Alchemy VR Ltd - Product / Service
Exhibit 105: Alchemy VR Ltd - Key offerings
11.4 Alphabet Inc.
Exhibit 106: Alphabet Inc. - Overview
Exhibit 107: Alphabet Inc. - Business segments
Exhibit 108: Alphabet Inc. - Key news
Exhibit 109: Alphabet Inc. - Key offerings
Exhibit 110: Alphabet Inc. - Segment focus
11.5 Avantis Systems Ltd.
Exhibit 111: Avantis Systems Ltd. - Overview
Exhibit 112: Avantis Systems Ltd. - Product / Service
Exhibit 113: Avantis Systems Ltd. - Key offerings
11.6 Eon Reality Inc.
Exhibit 114: Eon Reality Inc. - Overview
Exhibit 115: Eon Reality Inc. - Product / Service
Exhibit 116: Eon Reality Inc. - Key offerings
11.7 HTC Corp.
Exhibit 117: HTC Corp. - Overview
Exhibit 118: HTC Corp. - Product / Service
Exhibit 119: HTC Corp. - Key offerings
11.8 Lenovo Group Ltd.
Exhibit 120: Lenovo Group Ltd. - Overview
Exhibit 121: Lenovo Group Ltd. - Business segments
Exhibit 122: Lenovo Group Ltd. - Key offerings
Exhibit 123: Lenovo Group Ltd. - Segment focus
11.9 Meta Platforms Inc.
Exhibit 124: Meta Platforms Inc. - Overview
Exhibit 125: Meta Platforms Inc. - Business segments
Exhibit 126: Meta Platforms Inc. - Key news
Exhibit 127: Meta Platforms Inc. - Key offerings
Exhibit 128: Meta Platforms Inc. - Segment focus
11.10 Microsoft Corp
Exhibit 129: Microsoft Corp - Overview
Exhibit 130: Microsoft Corp - Business segments
Exhibit 131: Microsoft Corp - Key news
Exhibit 132: Microsoft Corp - Key offerings
Exhibit 133: Microsoft Corp - Segment focus
11.11 Sony Group Corp
Exhibit 134: Sony Group Corp - Overview
Exhibit 135: Sony Group Corp - Business segments
Exhibit 136: Sony Group Corp - Key offerings
Exhibit 137: Sony Group Corp - Segment focus
11.12 Virtalis Holdings Ltd.
Exhibit 138: Virtalis Holdings Ltd. - Overview
Exhibit 139: Virtalis Holdings Ltd. - Product / Service
Exhibit 140: Virtalis Holdings Ltd. - Key offerings

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 141: Inclusions checklist
Exhibit 142: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 143: Currency conversion rates for US$
12.4 Research methodology
Exhibit 144: Research methodology
Exhibit 145: Validation techniques employed for market sizing
Exhibit 146: Information sources
12.5 List of abbreviations
Exhibit 147: List of abbreviations