Virtual Reality equipment such as gloves, headsets or glasses, and bodysuits are used to provide viewers with an immersive experience. By allowing users to immerse themselves in a fully realistic environment, virtual reality has changed the gaming and entertainment industries. In addition, the expanding usage of this technology in instructional training, such as for instructing engineers, mechanics, pilots, field workers, defense warriors, and technicians in the manufacturing and oil and gas industries, is propelling market expansion.
The easy availability of affordable VR devices is a major element pushing VR device adoption. Local companies’ launches of VR gadgets in countries like China and India have aided in making such devices inexpensive and promoting their widespread adoption.
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Segmentation:
By Device
- Head-mounted Display (HMD)
- Gesture-tracking Device (GTD)
- Projectors & Display Wall (PDW)
By Offering
- Hardware
- Sensors
- Semiconductor Components
- Displays and Projectors
- Position Trackers
- Cameras
- Software
- Software Development Kits
- Cloud-Based Services
- VR Content Creation
Key Players:
- Meta
- Microsoft
- Sensics
- Leap Motion
- Sixense Enterprises
- Eon Reality
- Oculus
- Alphabet
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In the last few years, virtual reality technology has carved out a niche in the game industry. VR has ushered in a new era of gaming, one in which gamers may immerse themselves in first-person experiences. Developers like Oculus and HTC have worked hard in recent years to make virtual reality more accessible and inexpensive. Oculus previously released the Oculus Quest, a standalone wireless virtual reality headset.
Game developers in emerging economies are also working to improve players’ experiences by releasing and rewriting codes for a variety of platforms, such as PlayStation, Xbox, and Windows PC, which are then packaged as a separate product and distributed to gamers via a cloud platform.
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