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Global Virtual Reality in Gaming Market 2016-2020: Limitations of Hardware & Software Limit Growth - Research and Markets

[January 09, 2017]

Global Virtual Reality in Gaming Market 2016-2020: Limitations of Hardware & Software Limit Growth - Research and Markets

Research and Markets has announced the addition of the "Global Virtual Reality in Gaming Market 2016-2020" report to their offering.

The report forecasts the global VR in gaming market to grow at a CAGR of 84.4% during the period 2016-2020.

PC gaming can provide an immersive gaming experience to the users, with the integration of VR technology. Many vendors are integrating VR technology in their headsets. For instance, Oculus VR developed a headset in 2016 called the Oculus Rift. It is used for PC gaming like Elite Dangerous, in which virtual hands through the virtual controllers react while controlling certain movements. However, there are some VR hardware limitations with respect to using VR for PC gaming purposes. Due to high bandwidth requirements, the wireless technologies are not considered as a feasible option.

The report covers the present scenario and the growth prospects of the global VR in gaming market for 2016-2020. To calculate the market size the report considers the revenue generated from the shipments of VR devices for gaming.

According to the report, the increased adoption of VR technology will lead to a decline in the cost of VR components. Vendors such as Google, Microsoft (News - Alert), Sony, and Samsung Electronics can produce components by themselves or buy several components at a low cost. The commercialization of these products will lead to a decline in their ASP. The declining price of VR components such as sensors, cameras, and displays is encouraging vendors to develop cost-effective products.

Key Vendors: