Precision Business Insights has published a report on the global location-based virtual reality market, estimating its value at USD 10.9 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 18.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/location-based-virtual-reality-market

Market Definition:

Location-based virtual reality (LBVR) is an immersive experience that takes place in specific physical locations, such as arcades, theme parks, or entertainment centers. Unlike home-based VR, LBVR offers shared, interactive environments where users can engage with virtual worlds using high-end VR equipment.

Drivers:

1)      Growing demand for immersive experiences.

2)      Rise of VR Arcades and theme parks.

The global location-based virtual reality market segmentation:
1) By Component: Hardware, Head Mounted Display, Head up Display, Glasses, Sensor/ Input, Camera, Software.
2) By Technology: 2 Dimensional, 3 Dimensional, Cloud Merged Reality.
3) By Application: Entertainment, Media, Training/ Simulation, Navigation, Sales, Medical.
4) By End Users: Amusement Park, Themed Attraction, 4D Films, Automotive, Retail & Transport, Healthcare.

Regional Overview:
The report also examines the current concerns and their Future Effects on the location-based virtual reality market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the location-based virtual reality market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Appentus Technologies, BidOn Games Studio, Cortex, Craftars, Google, HQSoftware, HTC Corporation, Huawei Technologies Co.Ltd. Intel Corporation.

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