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The virtual reality industry is anticipating a rapid growth with the introduction and expansion of 5G connectivity. The new 5G technology supports a high bandwidth range and the network latency is very low. The higher speed will facilitate more users to experience and get accustomed to the virtual reality scenario. This will quickly proliferate the industry demand for virtual reality. The military sector is investing in virtual reality as it can provide the benefit of real-world simulation for better training and preparation. The rising demand from arcade games, holographic simulations in theme parks, and other entertainment interface will propel gaming and entertainment segments to dominate the end-use virtual reality segments. The hardware segment will lead the components segment because of the increasing popularity of electronic devices such as smartphones. The head mounted display is expected to have the largest share in device segments. This is because of the better immersion of head mounted displays. Virtual reality games also use these devices which leads to burgeoning demand. The semi and fully immersive segmented will also thrive because of the head mounted displays.
The major players in the industry are investing heavily for better virtual reality experience. HTC Corporation (OTCMKTS: HTCXF) is one of the key players working in virtual reality industry. In March 2020, HTC Corporation released its new virtual reality headset Vive Cosmos Elite. It claimed to have a better immersive experience and better virtual reality tracking in terms of speed, accuracy, and coverage. The new virtual reality devices that are being launched will propel the robust growth of virtual reality industry.
Market Analysis by Components, Technology, Devices, End Use and Regions:
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The major players in the global virtual reality market are Google LLC, Sony Corporation, HTC Corporation, Samsung Electronics Co., Ltd, Facebook Technologies, LLC, Microsoft Corporation, Vuzix Corporation, and EON Reality, Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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