Transparency Market Research
A virtual reality simulator is a suite of hardware, service, and software components allowing end-users to visualize and experience virtual environments in real-time. Virtual reality (VR) simulators are expected to witness strong demand globally largely due to growing application in end-use sectors such as healthcare, education, gaming, media and entertainment, and others. Constant innovation in technology is expected to create demand for new VR solutions in the coming years. Furthermore, demand for compact VR simulation devices is expected to create demand for new VR related technologies. The VR ecosystem players include hardware, service, and software vendors. In the coming years, both software and service vendors are expected to play a crucial role in expanding the adoption of VR simulators across multiple end-use applications. In addition, with improving technology, VR simulators with eye tracking and motion tracking are being developed to enhance the user’s virtual reality experience. For instance, Fove, Inc. has introduced eye tracking feature in its new model named “Fove Dlodlo VR.”
Virtual reality simulation is an emerging technology and is expected to see high demand in various applications. Rising demand for high quality, effective pictures has led to developments in virtual reality technology. Furthermore, adoption of VR simulators is significantly high in military and law enforcement, advertising, and automotive industry. However, the quality of visual effects delivered by VR simulators is a major concern. If the VR system is too slow to react with the head movement, it leads to concussions. In addition, VR simulators are capable of stretching single display across a wide field of view, causing magnification defect in display quality. Furthermore, the VR simulation devices/hardware are expensive and time consuming to develop. All these factors are expected to restrain the growth of the VR simulator market during the forecast period. In the military sector, the U.K. government incorporated VR simulators in its training of trauma medics. National Aeronautics and Space Administration (NASA) uses VR to improve the mental health of astronauts for long term missions. NASA’s VR technology program is providing virtual space stations for interactive behavioral health training and treatment programs.
The Virtual reality (VR) simulator market is segmented in terms of end device, application, and geography. By device, the VR simulator market is segmented into low-end device, mid-range device, and high-end device. Based on applications, the market is segmented into military, education, entertainment and media, sports, and telecommunications. On the basis of region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America has seen increased demand for VR simulation due to technology penetration and increasing investments in the technologies. In addition, North America and Europe markets are witnessing increased integration of smart devices such as VR headsets in various applications such as films, military, and education to develop and improve visual experiences. Asia Pacific and Middle East & Africa are expected to see large scale adoption of VR simulation due to increasing technological advancements and awareness.
The VR simulator market is currently evolving with the presence of a large number of players providing VR solutions as per end-use applications. In the coming years, the market is expected to witness increase in partnerships and acquisition strategies by players in order to expand their market share. The growing demand for VR products has led many manufacturers to introduce their products in the market. The major companies in the VR simulator market include Google, Inc., HTC Corporation, Oculus VR, LLC, Sony Corporation, Samsung Electronics Limited, Microsoft Corporation, Razer, Inc., Fove, Inc., Carl Zeiss AG, LG Electronics, Proteus VR Labs Limited, Sulon Technologies, Inc., Merge Labs, Inc., and Avegant Corporation.
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