Virtual Reality Market Worth 33.90 Billion USD by 2022

Jul 19, 2016, 09:30 ET from MarketsandMarkets

PUNE, India, July 19, 2016 /PRNewswire/ --

The report "Virtual Reality Market by Component (Hardware and Software), Technology (Non-Immersive, Semi- & Fully Immersive), Device Type (Head-Mounted Display, Gesture Control Device), Application and Geography - Global Forecast to 2022", published by MarketsandMarkets, the virtual reality market is expected to grow from USD 1.37 Billion in 2015 to USD 33.90 Billion by 2022, at a CAGR of 57.8% between 2016 and 2022. The increasing use of head-mounted displays (HMDs) in the entertainment and gaming sector, declining prices of displays and other hardware components of HMDs, and the use of VR for training and simulation in the defense sector are the major factors driving the virtual reality market. 

     (Logo: )

Browse 79 market data Tables and 56 Figures spread through 170 Pages and in-depth TOC on "Virtual Reality Market - Global Forecast to 2022"
Early buyers will receive 10% customization on this report.

VR software to play a key role in the virtual reality market 

The virtual reality market for software components is expected to grow at the highest rate and dominate the virtual reality market between 2016 and 2022, owing to the increasing adoption of VR software platforms and applications across the globe. The increased use of mobile VR would help drive the growth of the VR market for software components.

Consumer application held the largest market share in 2015 

The consumer application is expected to hold the largest market share and lead the virtual reality market between 2016 and 2022. The VR technology is used for consumer applications such as gaming and entertainment. The use of VR in various gaming types such as PC gaming, gaming consoles, Internet games, smartphones, and tablets would drive the VR market for the consumer application.

North America expected to hold the largest market share 

North America is expected to hold the largest share of the Virtual Reality Market between 2016 and 2022. Virtual reality has been rapidly adopted in this region, owing to the extensive R&D and presence of several VR companies in this region. Most of the companies offering VR technology are located in the U.S.

Inquiry Before Buying:

The key players in virtual reality market include Oculus VR, LLC (U.S.), Sony Corporation (Japan), HTC Corporation (Taiwan), Samsung Electronics Co., Ltd. (South Korea), EON Reality Inc. (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Vuzix Corporation (U.S.), CyberGlove Systems Inc. (U.S.), Sensics, Inc. (U.S.), Leap Motion Inc. (U.S.), and Sixense Entertainment, Inc. (U.S.).

Browse Related Reports

Augmented Reality and Virtual Reality Market by Device Type (HMD, HUD, Handheld Device, Gesture Tracking, Projector and Display Wall), Component (Sensor, Display, Camera, and Software), Vertical, and Geography - Global Forecast to 2022

Augmented Reality and Virtual Reality M&A Private Equity Investment, and Patent Filing Analysis

About MarketsandMarkets 

MarketsandMarkets is the world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Visit MarketsandMarkets Blog@
Connect with us on LinkedIn @

SOURCE MarketsandMarkets