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VR Gaming Accessories Market – Introduction

  • VR gaming or virtual reality gaming refers to computer games that use virtual reality to give participants the experience of a game environment through a variety of VR gaming accessories such as sensor equipped gloves, VR headsets, and hand controllers. The growing demand for VR gaming, especially among the youth, offers great opportunities for companies in the global VR gaming accessories market.

Key Drivers of the VR Gaming Accessories Market

  • Growing importance of virtual reality technology in the gaming industry and the increasing use of smartphones for enhancing the VR experience is expected to have a positive impact on the VR gaming accessories market.
  • The use of mobile based headsets is increasing as they do not use any cables attached to the gaming consoles and provide an uninterrupted gaming experience. This factor drives the growth of the VR gaming accessories market.
  • Increasing demand for electronic games coupled with the growing awareness about virtual reality is boosting the VR gaming accessories market. In addition, rising disposable income of consumers also has a positive impact on the demand for VR gaming accessories.

Factors Restraining the VR Gaming Accessories Market

  • Demand for VR gaming accessories is affected due to high initial investment and high cost of VR gaming accessories such as VR headsets, sensor equipped gloves etc. Also, physical and mental conditions may get hampered due to gaming for longer periods of time. This is also a restraint of the VR gaming accessories market.

North America to Hold Leading Share of the Global VR Gaming Accessories Market

  • In terms of region, the global VR gaming accessories market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the VR gaming accessories market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The VR gaming accessories market in South America is segmented into Brazil and Rest of South America.
  • North America dominated the global VR gaming accessories market in 2020, owing to the high purchasing power of consumers and considerable number of gamers in the region. Growth in population has been driving the VR gaming accessories market in North America, particularly in the US and Canada.
  • The VR gaming accessories market in North America is projected to expand at a rapid pace, followed by Asia Pacific, and Europe during the forecast period.

Key Players Operating in the VR Gaming Accessories Market

The global VR gaming accessories market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global VR gaming accessories market are:

  • ZEISS Group
  • Xiaomi
  • Virtuix Omni
  • Sony Corporation
  • Oculus
  • Samsung
  • HP Development Company
  • Microsoft Corporation
  • HTC Corporation
  • Nintendo

Global VR Gaming Accessories Market: Research Scope

Global VR Gaming Accessories Market, by Product Type

  • VR Headset
  • VR Controller
  • VR Treadmill
  • VR PC Backpack
  • Gaming Suit
  • Others

Global VR Gaming Accessories Market, by Platform

  • Smartphone
  • PC
  • Gaming Console

Global VR Gaming Accessories Market, by Distribution Channel

  • Online
    • E-commerce Websites
    • Company Owned Websites
  • Offline
    • Supermarket/Hypermarket
    • Specialty Stores
    • Others

Global VR Gaming Accessories Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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