Virtual reality (VR) in gaming offers immersive 3D gaming experience to players through headsets. VR headsets provide lifelike virtual worlds and gaming environments. With advancement in wireless technologies, VR headset manufacturers are increasingly focusing on developing wireless VR headsets. Wireless headsets provide untethered and comfortable gaming experience to users.
Market key trends:
Increasing adoption of 5G networks provides opportunities for untethered VR experiences with high fidelity graphics and low latency. 5G technology enables streaming of high resolution VR content wirelessly to headsets. This allows players to enjoy multiplayer VR gaming with freedom of movement. Major headset manufacturers are developing wireless VR headsets optimized for 5G networks. For instance, Oculus Quest 2 by Meta (formerly Facebook) provides all-in-one, untethered VR experience with support for wireless connectivity enabled by 5G. Widespread rollout of 5G networks worldwide is expected to accelerate demand for wireless VR headsets for gaming over the forecast period.
Segment Analysis
The global Virtual Reality in Gaming market is segmented by device types, end-users, gaming console and region. Based on device types, the segmentation includes head-mounted displays, gesture-tracking devices and projectors & display walls. Among these, head-mounted displays segment accounts for the largest share owing to increasing adoption of VR headsets such as Oculus Rift and HTC Vive Pro.
Key Takeaways
The Global Virtual Reality In Gaming Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global Virtual Reality in Gaming Market is estimated to be valued at US$ 15895.59 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030.
North America holds the largest market share currently due to presence of major players in the region and technological advancements. Europe is predicted to experience fastest growth during the forecast period due to continuous development of VR devices and gaming content in countries like UK, Germany and France.
Key players operating in the Virtual Reality in Gaming market are erck Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Animal Health, Ceva Santé Animale, Virbac SA, Bayer AG, Intervet Inc., Bimeda, Ouroboros Biologicals, Novartis Animal Health, Hygieia Biological Laboratories, Valneva SE, Vetoquinol. Among these, Sony Interactive Entertainment, Microsoft Corporation and Nintendo Co. Ltd. are the leading players as they bring advanced gaming consoles integrated with VR technologies.
Explore more information on this topic, Please visit -
https://www.insightprobing.com/virtual-reality-in-gaming-market-share-and-demand-analysis/
Explore more trending article related this topic -
https://www.insightprobing.com/virtual-reality-in-gaming-market-share-and-tredns-analysis/
Comments
0 comment