In March 2019, HP launched the HP Reverb Virtual Reality Headset – Professional Edition, a VR Headset. This product is designed to deliver truly immersive with clarity with its staggering 2160 x 2160 panel per eye with double the resolution and 114-degree field of view. The company claims that customers are seeking lifelike VR viewing to help open doors to new business opportunities in product design, training, and engineering. The launch of this product is an important step since the market for Virtual Reality is expected to grow substantially.
The article cited AMA's "Global 3D VR Virtual Reality Glasses Market Study" explored CAGR of 43.4%. Gaming and Entertainment Industry Is the Key Driver
is also expected to contribute significantly to the 3D VR Virtual Reality Glasses market growth. Overall, Training and Education
applications of 3D VR Virtual Reality Glasses, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Category, such as Mobile, is boosting the 3D VR Virtual Reality Glasses market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution Channels, such as Online, is boosting the 3D VR Virtual Reality Glasses market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global 3D VR Virtual Reality Glasses market identified that the demand is rising in many different parts of the world as "Increasing Space Exploration Projects and Need to Train Astronauts Using Simulators
". Furthermore, some recent industry insights like "In February 2017, Samsung Electronics launched the Samsung Gear VR with Controller powered by Oculus, the company’s first-ever Gear VR headset with a controller. The controller offers convenient one-hand control. This VR gear is compatible with the Galaxy S7, S7 edge, Note5, S6 edge+, S6, and S6 edge. and In June 2019, HTC released Vive Pro Eye in North America. The product is priced at USD 1500 in the United States, rather than USD2000 price elsewhere. Featuring OLED screen technology running at a 2,880 x 1,600-pixel resolution, Vive Pro Eye is an upgrade to HTC’s standard Vive Pro, differentiated largely by Tobii eye-tracking hardware and support for foveated rendering." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global 3D VR Virtual Reality Glasses market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the 3D VR Virtual Reality Glasses market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall 3D VR Virtual Reality Glasses market size is calculated using market estimation process, the 3D VR Virtual Reality Glasses market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global 3D VR Virtual Reality Glasses market size has been validated using both top-down and bottom-up approaches.