3D Gaming Console Market is Projected to Grow Over 12% CAGR By 2023

The qualitative research study introduced by Global Market Insights, Inc. on 3D Gaming Console Market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the industry.

Continuous innovation accompanied by rising customer demand is anticipated to further propel 3D gaming console market growth. These devices possess the capability to support stereoscopic gameplay on peripheral or integrated displays. In addition, they can also create optimal perception of surface materials by generating illusion of depth. Increasing popularity of real time gameplay experience as well as realistic visual effects among young working professionals is expected to propel industry demand.

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Integration of advanced technologies along with introduction of innovative features such as motion sensors, multi-screen displays, and intelligent communication are likely to offer gamers with more interactive and enhanced experience. Increase in R&D spending paired with introduction of new generation TV systems is expected to positively impact 3D gaming console marketgrowth from 2016 to 2023.

By end-use, the 3D gaming console market can be segregated into healthcare, mobile and gaming. On the basis of component, the industry can be classified into hardware and software. Based on technology, it can be categorized as polarized shutter, auto stereoscopy, active shutter and others.

Asia Pacific 3D gaming console market share is estimated to exhibit substantial growth from 2016 to 2023. Emerging countries such as China, Korea and India are anticipated to be the most attractive regions. Europe is predicted to be the largest regional industry and is likely to continue its dominance over the next seven years. U.S. gaming console market is forecast to witness considerable growth prospects over the timeframe. Escalating adoption of these products across the region is expected to justify growth.

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Major players accumulating significant share include Nintendo, Oculus VR, Microsoft, Kaneva and Linden Lab. Other prominent industry participants include Avatar Reality, Electronic Art, Apple, Sony and Activision Publishing.