Virtual reality (VR) is an interactive three-dimensional (3D) environment that is computer generated. Immersion into VR is an individual’s perception of having a physical presence in the non-physical world or the virtual world. Technology advancement in in VR in the recent years has led to significant improvements in quality, reductions in overall cost and has attracted deep investments from private companies, federal bodies and other funding organizations globally.

The objective of this research is to understand development trends, offer a technology roadmap for ecosystem participants, identify the key emerging applications across industries, highlight patent and funding trends and assess the future opportunities in the VR space. In brief, this research service provides the following:

a) A brief snapshot on VR and different types of devices associated with VR hardware
b) Evaluate the technology roadmap and understand key insights
c) Development trends impacting mega trends
d) Key emerging application areas across industries
e) Key market participants across industry-specific applications
f) Market sizing and future opportunities
g) Key patent and funding trends in Virtual Reality