Virtual Reality Headset Market Is Anticipated To Grow At A Cagr Of 32.1% During 2020-2025

By Author: Lucintel LLC
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The global virtual reality headset market is projected to reach $36.5 billion by 2025, at a CAGR of 32.1% during 2020-2025. The growth of virtual reality headset market is driven by increasing penetration of virtual reality content in gaming, sports, and entertainment and growing demand for VR headset in health care and retail sectors.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the virtual reality headset market by headset type (standalone, smartphone enabled and PC-connected), application (military, education, gaming and entertainment, retail, real estate and healthcare), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the virtual reality headset market?
Q.4 What are some changing demands of customers in the virtual reality headset market?
Q.5 What are the new developments in the virtual reality headset market? Which companies are leading these developments?
Q.6 ...
... What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this virtual reality headset area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this virtual reality headset market?
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of attractive, sleek, and convenient VR headsets and the development of artificial intelligence incorporated VR headsets.
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Market Segmentation:
Based on headset type, the virtual reality headset market is segmented into standalone, smartphone enabled, and PC-connected. The smartphone enabled segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to increasing demand for smartphones gaming.
North America is expected to be the largest region over the forecast period due to rising demand for VR games, specifically Raw Data & Resident Evil 7 among others, and growing investment by leading technology companies. APAC is expected to witness highest growth over the forecast period due to increasing digitalization and development of VR based content for gaming and entertainment sector.
Key Players in the Virtual reality headset market are Sony, HTC, Samsung Electronics, Facebook, and Google and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/virtual-reality-headset-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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