According to a new market research report published by Credence Research, “VR Display Screen Market – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the global VR display market is set to grow with a CAGR of 20.0 per cent over the forecast period 2019 to 2027.
The overall market for VR displays is strongly driven by the rapidly growing demand for VR technology. VR is a simulated experience that can be similar or completely different from the real world. The market for VR display screens is highly driven by the virtual reality market and is expected to reach USD 48.5 billion and to grow at a CAGR of more than 40%. The growth in VR-based applications for medical and consumer electronics is expected to drive the market for VR displays. As a result of these features, we expect to see a high growth in the VR display market during the forecast period.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/vr-display-screen-market
On the basis of the application, the VR headset segment led the market with a significant contribution to VR display market revenue. The demand for VR headsets has increased due to its integration into multimedia devices, resulting in a better user experience. The market for VR headsets is expected to grow by 30% in the CAGR during the forecast period. Furthermore, the amalgamation of virtual reality in devices has low operating costs, which further drive the manufacturers ‘ demand for VR headsets. In view of all these factors, we expect the VR headset segment to continue to lead the market throughout the forecast period.
Based on the geography, North America dominates the market for VR display screen. With increasing adoption of technological products in North America, the region has the highest market share. Asia Pacific is set to demonstrate the fastest growth in the market over the forecast period. Emerging economies of Asia Pacific such as Korea and China shall lead the market. Further, the growth of gaming market along with smart devices in the region is driving the growth for the VR display screen market. As a result of these factors, we are expecting Asia Pacific to grow with the highest CAGR during the forecast period.
Some of the prominent players operating in the VR Display Screen Market include Samsung, LG, JDI, Visionox, BOE, CSOT, DJI among others.
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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
Report Scope by Segments
By Product Type Segment
By Application Segment
• VR Headsets
• VR Play-station
By Geography Segment
- North America (U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (Middle East & Africa, Latin America)