Consumer & Retail

According to a new market report published by Lucintel, the future of the global virtual reality headset market looks promising with opportunities in the gaming & entertainment, real estate, healthcare, retail, and military market. The virtual reality (VR) headset market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $36.5 billion by 2025 with a CAGR of 31% to 33% from 2020 to 2025. The major drivers for this market are increasing penetration of virtual reality content in gaming, sports, and entertainment and growing demand for VR headset in health care and retail sectors.

 

In this market, standalone, smartphone enabled and PC-connected virtual reality headset is used for video games, simulators and training. On the basis of its comprehensive research, Lucintel forecasts that the smartphone enabled virtual reality headset will remain the largest segment and it is also expected to witness the highest growth due to increasing demand for smartphones gaming.  

 

Within the global virtual reality headset market, gaming & entertainment will remain the largest application due to growth of the gaming industry and increasing development of VR specific games by various gaming enterprises. 

 

North America will remain the largest region 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. 

 

Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of attractive, sleek, and convenient VR headsets and the development of artificial intelligence incorporated VR headsets. Sony, HTC, Samsung Electronics, Facebook and Google are the major virtual reality headset manufacturers. 

 

Lucintel, a leading global strategic consulting and market research firm, has analyzed trends, forecast, and growth opportunities in the global virtual reality headset.  Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Virtual Reality Headset Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a complete forecast for the global virtual reality headset market by headset type, application, and region, as follows:

 

By Application [$M shipment analysis for 2014 – 2025]

By Headset Type [$M shipment analysis for 2014 – 2025]:

By Region [$M shipment analysis for 2014 – 2025]

This 190-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056, or click this link  or email us at helpdesk@lucintel.com.

 

About Lucintel

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer 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.