Immersive VR Market Will Surpass to US$ 128.92 Billion at 26.5% CAGR Growth Forecasted Period 2024-2032

The rising accessibility of virtual reality (VR) content is contributing to increased adoption of virtual reality among users worldwide

NEW YORK CITY, NY, UNITED STATES, November 19, 2024 /EINPresswire.com/ -- The comprehensive research study on the immersive VR market by Polaris Market Research provides a thorough analysis of the market share, size, trends, growth drivers, and recent developments.

𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐢𝐦𝐦𝐞𝐫𝐬𝐢𝐯𝐞 𝐕𝐑 𝐢𝐬 𝐨𝐧 𝐚 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲 𝐚𝐧𝐝 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐡𝐢𝐛𝐢𝐭 𝐚 𝐫𝐨𝐛𝐮𝐬𝐭 𝐂𝐀𝐆𝐑 𝐨𝐟 26.5% 𝐟𝐫𝐨𝐦 2024 𝐭𝐨 2032. 𝐓𝐡𝐞 𝐢𝐦𝐦𝐞𝐫𝐬𝐢𝐯𝐞 𝐕𝐑 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐔𝐒𝐃 15.59 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2023 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 128.92 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐈𝐦𝐦𝐞𝐫𝐬𝐢𝐯𝐞 𝐕𝐑?
Immersive virtual reality (VR) involves creating a virtual environment that convincingly replaces individuals’ real-world surroundings, enabling them to engage fully with the artificial environment. It makes use of devices such as tracking controllers and head-mounted displays (HMD) to allow users to explore and interact with the virtual worlds in a realistic way. The use of HMD enables VR to be projected right in front of the eyes and allows users to focus on it without any distractions.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/immersive-vr-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

Immersive VR is widely used in gaming to create immersive experiences that are highly realistic and engaging. Also, it finds applications in architecture where it’s used to mimic the real-world scale and feel of buildings. Besides, immersive VR can be used educationally by healthcare providers to create realistic training scenarios using simulated patients. With growing technological advancements, the immersive VR market demand is projected to rise.

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐊𝐞𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬?
• The market for immersive VR was valued at USD 15.59 billion in 2023 and is projected to grow to USD 128.92 billion by 2032.

• Innovations in software, including more realistic physics and better graphics, are facilitating the development of more immersive experiences.

• The immersive VR market segmentation is primarily based on component, technology, device, end use, and region.

• The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

𝐖𝐡𝐨 𝐀𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬?
The major market players are focusing on research and development to improve their product offerings. Also, they are undertaking a variety of strategic initiatives to expand their global footprint.
The immersive VR market key players are:
• Microsoft
• HTC Corporation
• Google LLC
• Unity Technologies
• Sony Corporation
• Samsung Electronics Co., Ltd
• Meta
• Penumbra, Inc.
• Apple Inc.
• DPVR

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/immersive-vr-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐖𝐡𝐚𝐭’𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐰𝐚𝐫𝐝?
Rising Urbanization Worldwide: There has been a significant rise in urbanization across the globe. Urban areas typically have better access to advanced technology and reliable internet. The infrastructure supports the development of VR, making it easier for users to engage with immersive content and applications.

Growing Gaming Centers: Gaming centers enable users to try VR without having to invest in expensive equipment. This hands-on experience may result in increased interest and demand, impacting the immersive VR market sales favorably.

Technological Advances: The rising technological advances are anticipated to spur the market for immersive VR. Advances in VR hardware, including lighter headsets, wider field views, and improved tracking systems, are making the user experience more comfortable and engaging, thereby attracting more consumers.

𝐖𝐡𝐢𝐜𝐡 𝐑𝐞𝐠𝐢𝐨𝐧 𝐋𝐞𝐚𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐦𝐚𝐧𝐝?
North America accounted for the largest market share in 2023. The region’s robust growth is primarily fueled by the robust technological infrastructure and high consumer demand. Besides, the presence of established players and startups fosters a competitive environment that fuels advancements in virtual experiences.

Asia Pacific is anticipated to register a significant CAGR from 2024 to 2032 due to rapid urbanization and rising disposable income in nations such as India and China. In addition, government initiatives aimed at fostering technological development support the immersive VR market growth in Asia Pacific.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/immersive-vr-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐇𝐨𝐰 𝐈𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐃𝐨𝐧𝐞?
By Component Outlook:
• Hardware
• Software
• Services

By Technology Outlook:
• Semi & Fully Immersive
• Non-Immersive

By Device Outlook:
• Head Mounted Display
• Gesture Tracking Device
• Projectors & Display Wall

By End Use Outlook:
• Aerospace & Defense
• Manufacturing
• Automotive
• Education
• Media & Entertainment
• Gaming
• Healthcare
• Retail & E-commerce
• Others

By Regional Outlook:
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

𝐁𝐫𝐨𝐰𝐬𝐞 𝐏𝐌𝐑'𝐬 𝐈𝐦𝐦𝐞𝐫𝐬𝐢𝐯𝐞 𝐕𝐑 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐟𝐫𝐨𝐦 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐢𝐦𝐦𝐞𝐫𝐬𝐢𝐯𝐞 𝐕𝐑 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 128.92 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 26.5% 𝐝𝐮𝐫𝐢𝐧𝐠 2024–2032.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Threat Hunting Market:
https://www.polarismarketresearch.com/industry-analysis/threat-hunting-market

Open Radio Access Network (Open RAN) Market:
https://www.polarismarketresearch.com/industry-analysis/open-radio-access-network-market

Data Center Power Market:
https://www.polarismarketresearch.com/industry-analysis/data-center-power-market

Consumer Identity and Access Management (CIAM) Market:
https://www.polarismarketresearch.com/industry-analysis/consumer-identity-and-access-management-market

Software-Defined Anything (SDx) Market:
https://www.polarismarketresearch.com/industry-analysis/software-defined-anything-market

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Likhil G
Polaris Market Research and Consulting
+ +1 929-297-9727
sales@polarismarketresearch.com
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