be launched on May 22 . Other players are similarly involved in research & development , acquisitions , expansions and collaboration for their strategic growth .
Market Segmentation :
Further , based on the components , the market is segmented as hardware components and software components . Hardware segment is the dominating segment , contributing a major share to the overall revenue , owing to the low cost of the electronic components as well as vast use of sensors . Few disruptions in the VR technology , which are expected to have huge impact on the hardware market size , while the software is anticipated to dominate the components segment in future , due to easy and simple interface .
Based on the technology , the market is bifurcated as non-immersive and semi & fully immersive technologies . The semi & fully immersive VR technology was the largest segment in terms of size , during 2016 and is anticipated to continue dominating the market over the forecast period . This is due to the rising preference of HMD-based VR devices , which are employed with semi & fully immersive technology . Based on the applications , the market is segmented as aerospace & defense , commercial , entertainment and gaming , industrial , healthcare and others . The application in the field of entertainment and gaming accounted for the largest market share , owing to its high penetration in the gaming industry . Commercial application is projected to be the second-largest application segment to grow during the forecast period , due to the rising demand for virtual reality devices for educational training .
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Region Analysis :
North America is expected to dominate the virtual reality market , owing to the increasing interests of companies and huge investments by the major players in VR technology in this region . The Asia-Pacific market is valued to grow at the fastest pace , due to the increased numbers of startups in developing countries such as China , India , Japan , and South Korea . Therefore , increased acceptances for the VR technology in the APAC region are the factors driving the virtual reality industry .
Major Points from Table of content :
• Executive Summary
• Research Methodology
• Market Dynamics
• Industry Overview
• Global Cancer Biomarkers Market , By Product ( 2017-2025 )
• Global Cancer Biomarkers Market , By Regions ( 2017-2025 )
• Market Competition Analysis
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