News

VR Display Screens Market To Grow With A CAGR Of 20.0% From 2019 To 2027

According to a new market research report published by Acute Market Reports “VR Display Screen Market (Product – LED, OLED; Application –VR Headsets, VR Play-station) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall VR display screen market worldwide is set to grow with a CAGR of 20.0% during the forecast period. 

Market Insights

The overall VR display screen market is highly driven by the rapidly growing demand for VR technology. VR is a simulated experience that can be similar to or completely different from the real world. The VR display screen market is highly driven by virtual reality market and is expected to reach by USD 48.5 Bn and shall grow at a CAGR of over 40%. The growth in medical and consumer electronics based VR applications is anticipated to drive the VR display screen market. As a result of these features, we are expecting high growth in VR display screen market during the forecast period. 

Based on application, VR headset segment led the market with a significant contribution in VR display screen market revenue. The demand for VR headset has increased due to its integration in multimedia devices yielding in a better experience for the users. The VR headset market is expected to grow at a CAGR of 30% during the forecast period. Further, amalgamation of virtual reality in devices has low operative costs which further drive the demand for VR headset by the manufacturers. On account of all these factors, we are expecting the VR headset segment to continue led the market throughout the forecast period. 

Based on the geography, North America dominates the market for VR display screen. With increasing adoption of technological products in North America, the region has the highest market share. Asia Pacific is set to demonstrate the fastest growth in the market over the forecast period. Emerging economies of Asia Pacific such as Korea and China shall lead the market. Further, the growth of gaming market along with smart devices in the region is driving the growth for the VR display screen market. As a result of these factors, we are expecting Asia Pacific to grow with the highest CAGR during the forecast period. 

Browse the full report at https://www.acutemarketreports.com/report/vr-display-screen-market

The Global VR Display Screen Market is Segmented into:

ATTRIBUTEDETAILS
Research Period2017-2027
Base Year2018
Forecast Period2019-2027
Historical Year2017
UnitUSD Billion
Segmentation By Product Type Segment (2017–2027; US$ Bn)
By Application Segment (2017–2027; US$ Bn)
By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

Some of the major companies profiled in the report include Samsung, LG, JDI, Visionox, BOE, CSOT, DJI and others.

About Us
Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Media Contact
Name: Chris Paul
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-855-455-8662
E-mailsales@acutemarketreports.com

pythonskynet

Recent Posts

Chiplets Market

The semiconductor industry is on the brink of a transformative era with the rapid adoption…

4 days ago

Detecting Insurance Fraud: The Future of Risk Prevention

Overview Insurance fraud is a major challenge for the industry, leading to financial losses and…

4 days ago

The Rising Demand for Engineering Plastics: A Market Overview

Engineering plastics are rapidly gaining traction across multiple industries due to their superior mechanical properties,…

4 days ago

The Rise of Automotive MEMS Sensors: Transforming the Auto Industry

Micro-Electro-Mechanical Systems (MEMS) sensors are revolutionizing the automotive industry by enhancing vehicle safety, efficiency, and…

2 weeks ago

Revolutionary Growth in Micro Data Centers Market, Projected to Reach $22.45 Billion by 2033

Forecasted for extraordinary growth, the global micro data centers market is set to expand from…

3 weeks ago

The Rise of Dashcams: How These Small Devices Are Making Big Changes in Road Safety and Insurance

Dashcams, once considered a luxury gadget for car enthusiasts, have now become an essential tool…

4 weeks ago