Asia-Pacific Virtual Reality Market Growth, Opportunity, Size, Forecast By 2025

Posted by shibaomrglobal on March 6th, 2020

Asia-Pacific virtual reality market is growing at a CAGR of around 33.7% during the forecast period. Asia-Pacific is considered as the largest market for mobile games, owing to the wide availability of mobile manufacturers and game developers in the emerging economies of the Asia Pacific, particularly in India and China. The VR companies in the region such as Samsung and HTC, the other VR head-mounted display manufacturers, have started developing cell phones integrated with VR technology. Moreover, a rapid penetration from conventional PC-console gaming to mobile gaming through hardcore gamers is expected to propel the growth of Asia-Pacific Virtual reality technology over the forecast period.

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Adoption of high network technologies in the region is another major factor driving the IoT market. According to the white paper published by United Parcel Service (UPS) and the United States’ Consumer Technology Association, in 2017, the APAC information and communication technology (ICT) market is mainly augmented by the government support, technological readiness, and urban needs. This has closely aligned to the rapid development of smart cities in the region. 

Rapid technological development has a great effect in the society and it is observable that the different educational institutions are influenced by technology. A lot of countries in the Asia Pacific region really give value to the integration of technology in education. Digitization is enabling SMEs across ASEAN to participate in cross-border trade, allowing them to grow and scale their businesses while reducing costs. Observers say the Asia-Pacific region benefits from its youth. The relatively young population means people are amenable to different work environments and business operations, as well as having a keen interest in using new technology. Thus, this is expected to provide growth to the Asia-Pacific virtual reality market.

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Asia-Pacific Virtual Reality Market Segmentation

By Component

• Hardware 
• Software

By System

• Non-immersive VR
• Semi-immersive VR
• Fully-immersive VR

By Application

• Entertainment 
• Gaming 
• Tourism 
• Training & Education 
• Others (Live Events and Real Estate)

Regional Analysis

• China
• India
• Japan
• Rest of Asia-Pacific

Company Profiles

• Apple Inc.
• Google Inc.
• HTC Corp.
• Microsoft Corp.
• Nvidia Corp.
• Samsung Electronics Co. Ltd.
• Sony Corp.
• Vuzix Corp. 
• Zeiss international      

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