Virtual Reality (VR) in Automotive Market Projected to Grow at a CAGR of 41.32% by 2027

According to MarkNtel Advisors’ research report, “Global Virtual Reality in Automotive Industry Analysis, 2022,” the market is likely to grow at a CAGR of 41.32% during 2022-27. The market growth owes to the increasing enactment of virtual reality tools like immersive rooms & full body-tracking suits to evaluate the interiors of vehicles, conduct ergonomic interpretation, etc.

Virtual reality in the automotive industry is widely used in digital showrooms & vehicle production environments to create an interactive customer experience & better employee productivity. Besides, owing to its vast application & benefits, virtual reality solutions are projected to come in handy for entertainment purposes like movie streaming, gaming, virtual tours, etc., from the vehicle itself, which, in turn, would drive the global market in the coming years.

“In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecasts for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

Download Sample PDF Copy of this Report: – https://www.marknteladvisors.com/query/request-sample/virtual-reality-vr-in-automotive-industry.html

Table of Contents

Virtual Reality in Automotive Market Segmentation Analysis:

By Components (Hardware, Software, Content)
By Application (Designing & Prototyping, Training, Virtual Showrooms, Research & Development)
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)
By Countries (US, Canada, Mexico, Brazil, Germany, France, UK, Italy, GCC, South Africa, China, India, Japan, South Korea, Australia)

Training Application is Expected to Gain Significant Traction

VR-based Training software is observing significant popularity in the automotive sector, principally for developing complex skills in their employees and improving their performance & productivity. Hence, several automakers like Audi & Volkswagen are developing different simulations for their trainees using Virtual Reality.

Volkswagen, amongst others, is building a virtual reality platform, Digital Reality Hub, which includes multiple knowledge bases, virtual meeting rooms, & training programs. Through this, employees can interact with each other & develop skills using HTC Vive VR headsets & controllers.

Germany to Continue Adopting Virtual Reality across its Automotive Industry during 2022-27

Of all regions, Europe is expected to create lucrative growth opportunities for the industry in the coming years. Germany, the largest adopter of virtual reality in the automotive sector across Europe, is gaining significant popularity while adopting VR across its automotive industry. It owes to the extensive presence of prominent automotive leaders like BMW, Audi, & Volkswagen in the country.

The companies are witnessing increased sales with immersive showrooms, enhanced safety of self-driving vehicle manufacturing using VR-based testing, & reduced design costs through virtual prototyping, respectively, reveals MarkNtel Advisors in their research report, “Global Virtual Reality in Automotive Industry Analysis, 2022.”

Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/virtual-reality-vr-in-automotive-industry.html

Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Virtual Reality in Automotive Industry are 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), and ZeroLight Limited.

Key Questions Answered in the Study

What are the current & future trends in Global Virtual Reality in Automotive Industry?
How has the industry been evolving in terms of geography & service adoption?
How has the competition been shaping across various countries, followed by their comparative factorial indexing?
What are the key growth drivers & challenges for the Global Virtual Reality in Automotive Industry?
What are the customer orientation, purchase behavior, and expectations from the providers of virtual reality in the automotive sector across various regions?

Who We Are:

Our team entails professional analysts and researchers who intelligently utilize research techniques to procure detail-driven, unbiased, and reliable data encompassing the industry. We aim to nurture a result-oriented team to offer strategically-moving insights to our clients.

Our fact-based reports allow the user to design their motives, funds, and strategies, with a higher focus on mitigating confusion and bringing forward a clear insight into the industry. It further allows the clients to identify the lucrative opportunities awaiting.

Insights offered by MarkNtel Advisors comprise in-depth information on regional & country-based trends emerging in the industry. The team studies & compiles the prospects, ensuring consistency in reports.

Our services are beyond offering research reports to the clients and further expand into addressing queries while incorporating with them for advice, development, & execution of strategies for exception growth.

Other Trending Reports:

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India