3D Gaming Consoles Market to Grow at a Significant Rate though 2025
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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