Virtual Reality Headset Market - Dynamics, Forecast, Analysis and Supply Demand 2016-2023

Virtual reality headset is a device used to deliver virtual reality experience for three dimensional (3D) simulations, computer games, and other applications such as movies, play stations, etc. VR headset consists of an Organic Light-Emitting Diode (OLED) or Liquid Crystal Display (LCD) screen, and head motion tracking sensor to provide effective 3D picture. This sensor tracks the head motion and provides 3D image with up to 360 degree field of view as per head movement.
Virtual reality is an emerging technology and is expected to have high demand in various applications. The rising demand for high quality and effective picture has led to the developments in virtual reality technology.
Furthermore, adoption of VR headset technology is high in military and law enforcement, advertising, automotive industry. In addition, growing smart phone adoption around the globe, and increasing technology awareness is expected to drive the VR headset market.
The growing smart phone penetration, and developments in 3D technology are expected to provide opportunities for VR headset market. In military sector, the U.K. government incorporated VR headset in its training of trauma medics for battle.

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