Press release

Gaming Simulators Market | Integration of VR Headsets to Boost Market Growth | Technavio

Sponsored by Businesswire

The gaming simulators market is expected to grow by USD 8.58 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled Global Gaming Simulators Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Gaming Simulators Market 2020-2024 (Graphic: Business Wire)

Request challenges and opportunities influenced by COVID-19 pandemic – Request a Free Sample Report on COVID-19 Impacts

The growing penetration of VR headsets has increased awareness and their use in the gaming industry. Integrating VR headsets with gaming simulator provides an immersive environment for gamers. It increases comfort and removes unnecessary distractions. VR headsets also act as a substitute for expensive LED screens. Such benefits have increased the popularity of VR headsets among gamers, which is fueling the growth of the global gaming simulators market.

To learn more about the global trends impacting the future of market research, download a free sample:

As per Technavio, the increasing sophistication of games will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Gaming Simulators Market: Increasing Sophistication of Games

The techniques of gaming are becoming increasingly sophisticated with changing preferences from a diverse group of consumers. For example, the adult consumer segment prefers more sophisticated and interactive games to escape from reality or to relieve stress. Hence, several gaming titles in the market are designed specifically to cater to this segment. Also, adult gamers tend to spend more for an enhanced gaming experience. These factors are positively influencing the demand for gaming simulators, which is driving market growth.

“Acceptance of 360-degree camera as next-generation technology and the ability of gaming simulators to provide the ultimate gaming experience will further boost market growth during the forecast period”, says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio’s SUBSCRIPTION platform

Gaming Simulators Market: Segmentation Analysis

This market research report segments the gaming simulators market by End-user (Commercial and Residential), Type (Racing, Shooting, and Flight), Component (Hardware and Software), and Geographic (North America, Europe, APAC, South America, and MEA).

The North American region led the gaming simulators market in 2019, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, North America is expected to register the highest incremental growth due to the proliferation of e-sports arenas in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.