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(Publishing-NewsWire.com, July 17, 2019 ) According to the latest report by IMARC Group titled, Virtual Reality Headset Market Research Report and Forecast 2019-2024, the market reached a value of US$ 8.5 Million Units in 2018. Looking forward, the market is expected to exhibit strong growth in the next five years.
A virtual reality (VR) headset is a type of heads-up display (HUD) which is used to deliver the virtual reality experience to the user. It allows the users to experience the first-person view (FPV) and interact with a simulated environment by replacing the natural surroundings with virtual content. At present, it is generally used for playing video games and watching VR videos.
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The increasing penetration of virtual reality content in gaming, sports and entertainment is currently driving the growth of the market. The demand for high-quality visual content has led to developments in virtual reality technology. Apart from gaming, virtual reality is also being used in the military and defense, automotive, and advertising industries. Moreover, the increasing utilization of digital entertainment and media is also expected to drive the demand for virtual reality headsets. Apart from this, the rising smartphone penetration, coupled with the developments in 3D technology, will further augment the market growth in the coming years.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/virtual-reality-headset-market
Key Market Segmentation:
Breakup by Product:
Breakup by Material:
Market Breakup by End-User:
Games and Entertainment
Breakup by Region:
Middle East and Africa
The report has also examined the competitive landscape of global virtual reality headset market.
Key highlights of the report:
Porters Five Forces Analysis
Market Drivers and Success Factors
Profiles of Key Players
Browse similar reports by IMARC Group:
Virtual Reality Gaming Market Research Report and Forecast: https://www.imarcgroup.com/virtual-reality-gaming-market
Intelligent Virtual Assistant Market Research Report and Forecast: https://www.imarcgroup.com/intelligent-virtual-assistant-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise
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