Increasing disposable income and technological advancements such as AR & VR to drive global 3D gaming consoles market
According to TechSci Research report, “Global 3D Gaming Consoles Market By Component (Hardware & Software), By Technology (Virtual & Augmented Reality, Auto Stereoscopy, Active Shutter Technology, Leap Motion, Project Holodeck, Compatible 3D Glasses, KINECT Motion Gaming, Oculus Rift, Others), By Console (Home Consoles, Handheld Consoles, Micro Consoles, Dedicated Consoles), By Platform (Microsoft Xbox, Sony PlayStation, Nintendo Wii, Others), By Application (Healthcare, Gaming, Mobile), By Region, Forecast & Opportunities, 2025”, global 3D gaming consoles market is expected to grow at a significant rate during the forecast period on account of easy availability of resources for game development, increasing purchasing power, rise in the number of gamers and unique and newer marketing strategies adopted by game developers around the world. Additionally, increasing visual effects and virtual reality (VR) in the gaming industry, rise in number of indie game studios and high return on investments are some other factors contributing to the growth of global 3D gaming consoles market around the globe. Moreover, the gaming sector is undergoing various technological innovations and launch of 3D games based on AR & VR validates that. Innovative features including motion sensors, multi-screen displays, and connectivity provide enhanced and interactive gaming experience to the gamers. Digital 3D display technologies, motion sensors and gaming console accessories are some added advantages which attract the gamer. Furthermore, increasing competition has further led to introduction of innovative gaming accessories, which is an add-on for gamers. The age-group of target customers has also widened. Now, not just kids but adults from almost all age-group are getting inclined towards immersive 3D gaming experiences.
However, there are some major factors which might pose a threat to the 3D gaming consoles market across the globe. Introduction of advanced 3D smart phones, growing health concerns regarding overuse of digital platforms and growing eyesight problems among consumers are some of the factors which might negatively impact 3D gaming consoles market. Also, high cost of display and hardware components is anticipated to hamper the market growth through 2025.
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The global 3D gaming consoles market is segmented based on component, technology, console, platform, application, company and region. Based on technology, the market of global 3D gaming consoles is segmented into virtual & augmented reality, auto stereoscopy, active shutter technology, leap motion, project holodeck, compatible 3D glasses, Kinect motion gaming, oculus rift, polarized shutter and others. Virtual and augmented reality is anticipated to grow at the highest rate through 2025 as the technology provides gamers with more intense and interactive game experience.
Regionally, North America accounted for the largest share in the global 3D gaming consoles market in 2019, while Asia-Pacific is forecast to grow at the highest rate due to demand for 3D gaming consoles emanating from countries like China and India.
Major companies operating in the global 3D gaming consoles market include Kaneva, LLC, Sony Interactive Entertainment Inc., Facebook Technologies, LLC, Microsoft Corporation, Nintendo Co. Ltd, Apple Inc., A4Tech Co. Ltd., Avatar Reality Inc., Electronic Arts Inc., Linden Lab Inc and others.
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“Market players like Facebook Technologies, LLC, Microsoft and Sony Corporation are focusing on establishing strategic alliances with other hardware and software developers to facilitate innovative product launches. Additionally, increasing competition has further intensified the 3D gaming consoles market. Moreover, rise in of aspiring middle-class population is anticipated to contribute to the market demand for 3D gaming consoles across the globe.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global 3D Gaming Consoles Market By Component (Hardware & Software), By Technology (Virtual & Augmented Reality, Auto Stereoscopy, Active Shutter Technology, Leap Motion, Project Holodeck, Compatible 3D Glasses, KINECT Motion Gaming, Oculus Rift, Others), By Console (Home Consoles, Handheld Consoles, Micro Consoles, Dedicated Consoles), By Platform (Microsoft Xbox, Sony PlayStation, Nintendo Wii, Others), By Application (Healthcare, Gaming, Mobile), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global 3D gaming consoles market and provides statistics & in compensation on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global 3D gaming consoles market.
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