China virtual reality market is growing at a CAGR of around 34.2% during the forecast period. The investment on R&D has remarked a substantial growth over the past two decades. According to the Bruegel, the China is considered as the second-largest performer, in relations of R&D spending, and accounts for around 20% of total R&D expenditure across the globe. Moreover, the rate of R&D investment is expected to grow at a fast pace and exceeding the U.S. and the EU. China is one of the countries which is significantly pushing the development of VR technology at a state level. The technology is becoming cheaper and accessible with the coming years, and majority of the companies such as Facebook and Google have invested billions of dollars into VR technology.
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The technology has already been used in disparate fields in China, which includes architecture, engineering, healthcare, real estate, and retail. The VR has a potential of replacing all screens of lives and increase efficacy rate of all industries in the near future, which leads to the growth of the China virtual reality market. The China’s State Council has announced plans to invest $22 billion in expanding broadband network infrastructure in rural areas of the country by 2020. This investment focuses on providing improved internet services to approximately 30 million households in the country which including about 50,000 villages. With the increased investments by the government as well as organizations leads to the growth of the China virtual reality market during the forecast period.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
China Virtual Reality Market by Component
- Hardware
- Software
China Virtual Reality Market by System
- Non-immersive VR
- Semi-immersive VR
- Fully-immersive VR
China Virtual Reality Market by Application
- Entertainment
- Gaming
- Tourism
- Training & Education
- Others (Live Events and Real Estate)
Company Profiles
- Apple Inc.
- HTC Corp.
- Guangzhou Ifun Park Technology Co. Ltd.
- Microsoft Corp.
- Nvidia Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- VR Technology Holdings Ltd.
- Zeiss international
The Report Covers
- Comprehensive research methodology of the China Virtual Reality market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the China Virtual Reality market.
- Insights about market determinants which are stimulating the China Virtual Reality market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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