3d Gaming Console Market Size Is Projected to Grow at over 12% Cagr Estimated to Exceed 60 Million Units from 2016 to 2023

3D Gaming Console Market size is projected to grow at over 12% CAGR from 2016 to 2023, and is estimated to exceed 60 million units by 2023. Increasing consumer demand regarding sophisticated gaming experience is expected to drive the industry.

Escalating average spending by gamers accompanied by aggressive marketing strategies adopted by industry participants around the world is predicted to drive 3D gaming console market demand over the next seven years.

Rising number of affluent as well as aspiring middle class population may fuel industry growth over the forecast timeframe. These products provide three-dimensional (3D) images from both, conventional 2D games as well as from the dedicated S3D games into multidimensional format. In addition, they also facilitate accurate spatial localization, which is likely to enhance and improvise the gaming experience and offer substantial realism.

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Major players accumulating significant share include Nintendo, Oculus VR, Microsoft, Kaneva and Linden Lab. Other prominent industry participants include Avatar Reality, Electronic Art, Apple, Sony and Activision Publishing.

Continuous innovation accompanied by rising customer demand is anticipated to further propel 3D gaming console market growth. These devices possess the capability to support stereoscopic gameplay on peripheral or integrated displays. In addition, they can also create optimal perception of surface materials by generating illusion of depth. Increasing popularity of real time gameplay experience as well as realistic visual effects among young working professionals is expected to propel industry demand.

In 2015, Microsoft announced its new Xbox game station along with HoloLens virtual reality headset so as to effectively penetrate the 3D game stations industry. Furthermore other vendors...