Immersive Virtual Reality Market Size and Share, Trends and Growth to 2022: Hexa Reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

Immersive Virtual Reality Market Share, Size, Trends and

Growth, By Product Analysis, Application and Segment

Forecasts To 2022

The global immersive virtual reality market is expected to reach USD 1.88 billion by 2020, according to a

new study by Grand View Research, Inc. The industry is expected to witness profound growth over the

next five years, as more consumer devices hit the market. Immersive VR headsets came into prominence

during 2013 with the arrival of the Oculus Rift Developer Kit.

The device is widely credited with giving the consumer VR space a kick start and creating anticipation &

hype among consumers. Over the past two years, the industry has witnessed arrival of several consumer

version VR headsets such as the VRTX One, Durovis Dive, Homido, and the low-cost Google Cardboard,

thereby popularizing the technology.

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Presently, immersive VR headsets are only partly commercialized and several consumer versions are

anticipated to be launched in 2015–2016, including the Oculus Rift, HTC Vive, Sony PlayStation VR, and

FOVE. GTDs and other motion tracking peripherals have also gained significant acceptance as an

accessory to the HMD. Virtual reality PDWs have evolved in technology and resolution. Development

and provision of CAVE systems and VR rooms for consumers are expected to boost demand for PDWs.

Hexa Reports

Market Research Reports and Insightful Company Profiles

Technological development triggers a plethora of VR solutions with varied capabilities that allow users

to experience utmost immersion. Making the VR experience more real serves as a key driver towards

market penetration and adoption. Most of the available solutions are limited to head tracking leaving

tremendous opportunities for the development of new technologies that increase the user’s sense of

immersion and...