Current Business Affairs Global Virtual Reality Market 2018 | Page 2

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
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• Market Competition Analysis
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