What is the current Immersive Virtual Reality Market size?

The Immersive Virtual Reality Market is projected to register a CAGR of 21.5% during the forecast period (2024-2029) Read More

Who are the key players in Immersive Virtual Reality Market?

Archos, Carl Zeiss AG, Sony Corporation, EON Reality and Oculus ( Facebook, Inc.) are the major companies operating in the Immersive Virtual Reality Market. Read More

Which is the fastest growing region in Immersive Virtual Reality Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Immersive Virtual Reality Market?

In 2024, the North America accounts for the largest market share in Immersive Virtual Reality Market. Read More

What years does this Immersive Virtual Reality Market cover?

The report covers the Immersive Virtual Reality Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Immersive Virtual Reality Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Immersive Virtual Reality Market - Growth, Analysis & Share

Immersive Virtual Reality Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Immersive Virtual Reality Market Report is segmented by Offering (Hardware and Software), Device Type (Head-Mounted Displays and Gesture-Tracking Devices), End-user Industry (Entertainment & Gaming, Aerospace & Defense, Healthcare, and Education), and Geography(North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Immersive Virtual Reality Industry Overview

The immersive virtual reality market is moderately competitive in nature. Furthermore, research and development initiatives aimed at improving immersive virtual environments' quality, performance, and effectiveness are projected to propel market demand in the years to come, increasing the competition among the key vendors. Some of the key vendors are EON Reality, Carl Zeiss AG, Archos, Sony Corporation, etc. Some recent developments are:

In October 2022, Microsoft announced its partnership with Meta to bring its most popular productivity and collaboration apps to the new Quest Pro VR headset. While wearing the Quest 2 and Quest Pro headsets, users will be able to access their Windows 365 apps within Meta's VR "workrooms." They'll also be able to participate in Microsoft Teams meetings in VR.

In May 2022, PrecisionOS announced its partnership with Siemens Healthineers to offer immersive virtual reality (VR) training. The module helps surgeons and technicians practice using Siemens Healthineers' mobile 3D C-arm Cios Spin for intraoperative quality control and surgical workflow guidance. Multi-user, peer-to-peer training sessions would let surgeons and technicians share their knowledge of surgical procedures on a virtual patient. This would make it easier for them to work together.