Le Lézard
Classified in: Science and technology
Subject: Photo/Multimedia

Global Location-Based Virtual Reality (VR) Market 2019-2023 | Evolving Opportunities with Exit Reality and HTC Corp. | Technavio

Technavio has been monitoring the global location-based VR market since 2018 and the market is poised to grow by USD 1.48 billion during 2019-2023, progressing at a CAGR of nearly 36% during the forecast period. Request free sample pages

Read the 109-page report with TOC on "Location-Based VR Market Analysis Report by Application (VR arcades, VR cinemas, and VR theme parks), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2019-2023".

The market is driven by the affordable pricing of VR devices. In addition, the growing popularity of 360-degree content is anticipated to boost the growth of the location-based VR market.

Location-based VR enables consumers to experience VR at affordable prices as they need not own the required hardware. Moreover, with increasing adoption of VR technology, the prices of VR hardware components such as VR headsets and joysticks are expected to reduce during the forecast period. Their growing demand coupled with the decreasing cost of displays is resulting in a decline in the average selling price (ASP) of VR headsets. These factors are expected to drive market growth during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for FREE.

View market snapshot before purchasing

Major Five Location-Based VR Companies:

Exit Reality

Exit Reality operates its business in the VR attractions segment. The company develops, deploys, and manages VR infrastructure and services for enterprise, location-based entertainment, and retail applications. Some of the products offered by the company include X Arc, X Hub, X Truck, and X Cube.

HTC Corp.

HTC Corp. operates its business in the smart mobile devices segment. In 2016, the company partnered with Syntrend to open the VIVELAND VR arcade in Taipei. The VR arcade provides various types of VR experiences such as multiplayer shooting, sports, Front Defense, car racing simulators, and 4D seated experiences.

IMAX Corp.

IMAX Corp. operates its business in various segments including network business, theater business, new business, and others. The company has five VR centers in various movie theaters around the globe, each of which hosts a wide selection of games, social experiences, and short narrative pieces.

The Void LLC

The Void LLC operates its business in the hyper-reality segment. The company specializes in creating location-based VR centers that layer VR over interactive real-world environments.

VR Studios Inc.

VR Studios Inc. operates the business in segments such as premium VR systems and attraction management platform and customer VR attractions. The company offers VRcade attractions that are built specifically for location-based entertainment.

Register for a free trial today and gain instant access to 10,000+ market research reports. Technavio's SUBSCRIPTION platform

Location-Based VR Application Outlook (Revenue, USD Billion, 2019 - 2023)

Location-Based VR Regional Outlook (Revenue, USD Billion, 2019 - 2023)

Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Information Technology Include:

Global Augmented and Virtual Reality Market in Healthcare Industry - Global augmented and virtual reality market in healthcare industry by offering (hardware and software) and geography (the Americas, APAC, and EMEA).

Global Wearable Display Market ? Global wearable display market by product (OLED display, TFT LCD, and MicroLED display) and geography (the Americas, APAC, and EMEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

These press releases may also interest you

15 jan 2021
Carbon Health, the technology-enabled healthcare provider, announced today the launch of Carbon Health Vaccinate, a platform that allows local governments to more efficiently manage vaccine operations, and for any person to easily check their...

15 jan 2021
Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, announces that it has closed the first tranche of its previously announced non-brokered...

15 jan 2021
Daiichi Sankyo Company, Limited (hereafter, Daiichi Sankyo) and AstraZeneca's ENHERTU® (fam-trastuzumab deruxtecan-nxki) has been approved in the U.S. for the treatment of adult patients with locally advanced or metastatic HER2 positive gastric or...

15 jan 2021
Business intelligence from Akerna , an enterprise software, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), reveals the Top 5...

15 jan 2021
OnlineDoctor.com, a trusted source for content and information about online medical and healthcare services, has announced the best online doctor and medical services of 2021. Research experts examined several key elements to determine the most safe,...

15 jan 2021
Quantum Numbers Corp. ("Quantum" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement by issuing a total of 40,000,000 units (the "Units") at $0.05 per Unit, for a total gross proceed of $2,000,000, to a...

News published on 21 october 2019 at 12:05 and distributed by: