The Global Virtual Reality in the automotive market will derive growth from recent advancements in virtual reality devices in several countries across the world. According to a report published by Fortune Business Insights, titled “Virtual Reality in Automotive Market Size, Share and Industry Analysis, By Component (Hardware, Software, Content), By Application (Designing and Prototyping, Training, Virtual Reality Showrooms, and Research and Development), and Regional Forecast, 2019-2026,”
The Global Virtual Reality in the Automotive Market size was USD 436.2 million in 2018 is projected to reach USD 6,781.1 million by 2026, exhibiting a CAGR of 38.6% during the forecast period.
The growing trends of automation has resulted from the benefits offered by the concept. Resulting from the increased applications of virtual reality, there has been a subsequent rise in the total investment in the research and development of newer products. Virtual reality has played a massive role in the automotive industry and allowed flexible applications. Advances in 3-D technology, coupled with the growing incorporation of virtual reality and augmented reality have opened up a huge potential for the companies operating in the virtual reality in the automotive market in recent years.
To gain more insights into the market with a detailed table of content and figures, click here:
Europe is Projected to Emerge Dominant; Recent Technological Advances to Aid Growth
The report segments the market on the basis of regional demographics into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. The market in Europe is likely to witness high growth in the coming years. Increasing use of technologically advanced devices and the growing demand for automated concepts will create several growth opportunities. The virtual reality in automotive market in North America will also witness high growth, owing to the increased investment in the development of embedded and sensor-based concepts. The AI-driven trends will open up a huge potential for the growth of the market in North America.
Some of the leading companies that are operating in the market are:
- Continental AG
- Facebook Technologies, LLC.
- ZeroLight Limited
- HTC Corporation
- Bosch Limited
- Unity Technologies
- Visteon Corporation
- WayRay AG
- Linden Research, Inc.
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Table of Content:
- Definition, By Segment
- Research Approach
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Global Virtual Reality in Automotive Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- By Application (Value)
- Designing and Prototyping
- Virtual Reality showrooms
- Research and Development
- By Geography (Value)
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
- By Component (Value)
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