Report Overview:
The following report titled “Global Virtual Reality (VR) in Automotive Market: By Components (Hardware, Software, Content), By Application (Designing & Prototyping, Training, Virtual Showrooms, Research & Development) and other forecast 2022-2027” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Virtual Reality (VR) in Automotive Market Summary
According to MarkNtel Advisors, the Global Virtual Reality in Automotive Industry is projected to witness around 41.32% CAGR during the forecast period, i.e., 2022-27. It owes to the mounting need for digitalization in retail practices and soaring requirements for virtual reality in the automotive sector due to its benefits like reducing the overall R&D & manufacturing costs, improving marketing & sales strategies by creating virtual platforms like showrooms & training, and minimizing driving risks by adopting prototyping & test driving, all in the virtual environment.
Report Coverage & Details
- Forecast Period: 2022-2027
- Base Year: 2021
- CAGR: 41.32%
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Virtual Reality (VR) in Automotive Market Driver:
- Capabilities of Virtual Reality to speed up the self-driving vehicle testing through multiple simulations
- VR Offers improved marketing & sales strategies in the automotive industry for better customer engagement
- Improved virtual presentation of car designs & features.
Segmentation Analysis: Virtual Reality (VR) in Automotive Market
By Component
- Hardware
- Software
- Content
By Application
- Designing & Prototyping
- Training
- Virtual Showrooms
- Research & Development
- Others
By Technology
- Non Immersive
- Semi Immersive
- Fully Immersive
By Device Type
- Head-Mounted Display
- Gesture-Tracking Device
- Projectors & Display Wall
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
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Region: North America Holds a Major Market Share
Among all regions globally, North America is anticipated to dominate the Virtual Reality (VR) in Automotive Market with the largest share during 2022-27.
Leading Players Analysis: Virtual Reality (VR) in Automotive Market
The report provides detailed analysis of key players in the global Virtual Reality (VR) in Automotive market, highlighting their strategies and competitive scenario.
- 4Experience
- Continental AG
- Google LLC
- HTC Corporation
- Microsoft Corporation
- NEXT/NOW
- Oculus Rift (Facebook Inc.)
- OmniVirt
- Onboard
- Robert Bosch GmbH
- Sensorama, Inc.
- Unity Technologies
- Veative Labs Ltd.
- Visualise Creative Limited (VCL)
- ZeroLight Limited
- Others
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