Published by IMARC Services Private Limited
Posted on October 7, 2021
4 min readLast updated: January 30, 2026
The VR market is set to grow at 31% CAGR by 2026, driven by gaming and tech advancements. Key players include Google and HTC.
According to the latest report by IMARC Group, titled ” Virtual reality (VR) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the Global Virtual Reality Market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 31% during 2021-2026.
Virtual reality (VR) Market is a computer-generated simulation to facilitate interaction between an artificial 3D environment. It involves specialized head-mounted goggles with display screens, bodysuits, and gloves equipped with sensors to provide a realistic experience to the user. VR combines hardware, software, and sensory inputs to achieve a sense of presence through non-, semi-, and fully-immersive films. Virtual reality technology employs instructive training of engineers, pilots, armed forces, field workers, and technicians in different industries, such as gaming, entertainment, retail, travel, healthcare, and aerospace.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Virtual reality (VR) Market Trends:
The growing penetration of industry 5.0 trends, coupled with the widespread adoption of VR in the gaming and entertainment sectors, is primarily driving the global market. Furthermore, sports-based game developers are launching sensor-enabled tennis racquets for playing a computer-controlled game simulation in an enclosed space. Additionally, VR provides a first-hand experience of road and in-traffic driving scenarios to the learners and familiarizes them with the steering wheel, brake, and accelerator of the vehicle, which is also bolstering the market growth. Moreover, several technological advancements, such as the innovative HMDs and goggles with 360-degree viewing capabilities, are acting as other growth-inducing factors.
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Global Virtual reality (VR) Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Player:
Market Breakup by Device Type:
Market Breakup by Technology:
Market Breakup by Component:
Market Breakup by Application:
Market Breakup by Region:
Key Highlights of the Report:
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The main topic is the growth and trends of the Virtual Reality market from 2021 to 2026.
Key drivers include technological advancements and adoption in gaming and entertainment.
Major players include Google, HTC, Oculus VR, and Microsoft.
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