Market Research Report
Global 3D Gaming Consoles Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||797417|
|Published||Content info||111 Pages
Delivery time: 1-2 business days
|Global 3D Gaming Consoles Market 2019-2023|
|Published: February 22, 2019||Content info: 111 Pages||
One of the major drivers of the market is the increasing implementation of VR technology by means of VR headsets and other VR devices such as VR glasses in-home 3D gaming consoles. The popularity of VR gaming consoles is increasing in various developed economies such as the US, the UK, China, and Japan. Oculus launched its Oculus Quest gaming console that is a direct competitor of Nintendo Switch. The all-in-one V R gaming system Oculus Quest is designed using Oculus Insight. Oculus Quest uses four ultra-wide-angle sensors and computer vision algorithms to track the gamers' exact position in real time without any external sensors. These technological innovations in VR gaming are expected to drive the growth of the global 3D gaming consoles market during the forecast period. Technavio's analysts have predicted that the 3D gaming consoles market will register a CAGR of almost 15% by 2023.
Various technological advances in the gaming sector, such as AR and VR, have prompted individuals of various demographics to adopt 3D gaming consoles. The adoption of gaming and 3D gaming consoles was prominent among kids and teenagers. However, close association with games and the increasing number of national and international gaming events and gaming competitions, such as e-sports, have gathered the interest of working population toward 3D gaming consoles.
Continuous use of VR may cause health issues among gamers. Motion sickness and VR sickness associated with prolonged use of VR in 3D gaming consoles may hinder the growth of the global 3D gaming consoles market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the 3D gaming consoles market during the 2019-2023, view our report.
The market appears to be highly concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.