Virtual Reality Market Size, Share, and Analysis, By Device (Head-mounted Display, Gesture-tracking Device, Projectors & Display Wall), By Component (Hardware, Software), By Technology (Semi & Fully Immersive, Non-immersive), By Application (Aerospace & Defense, Consumer, Commercial, Enterprise, Healthcare, Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Virtual Reality Market Size, Share, and Analysis, By Device (Head-mounted Display, Gesture-tracking Device, Projectors & Display Wall), By Component (Hardware, Software), By Technology (Semi & Fully Immersive, Non-immersive), By Application (Aerospace & Defense, Consumer, Commercial, Enterprise, Healthcare, Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Virtual Reality Market is anticipated t%li%grow at a CAGR of 23.6% in the forecast period (2024-2034), with the market size valued at USD 28.3 billion in 2023 and projected t%li%reach USD 291.5 billion by 2034.
Virtual reality refers t%li%a computer-generated environment that immerses users in a simulated world and allows them t%li%interact with it. In virtual reality, individuals are transported int%li%digitally produced settings using specially designed headsets, that allow them t%li%interact with objects as if they were physically present. In addition, VR technology uses several senses, such as sight, hearing, and touch, t%li%create an illusion of reality. Its applications include multiple industries, such as entertainment, gaming, education, training, and therapy. Furthermore, by providing users with a sense of presence in virtual environments, VR has the potential t%li%transform how we engage with digital content and unlock new possibilities. Thus, VR technology will improve the learning experience by offering an interactive environment that was previously inaccessible.
MARKET HIGHLIGHTS
Virtual Reality Market is anticipated t%li%reach USD 291.5 billion, growing at a CAGR of 23.6% during the forecast period, due t%li%its diverse applications across industries and continuous technological improvements. The applications of VR technology are well recognized. Virtual reality is widely used in entertainment, healthcare, education, automotive, real estate, and manufacturing sectors. In addition, innovations in VR hardware, such as headsets and software platforms, are continuously improving user experiences. Moreover, strategic collaborations between major tech companies and start-ups are nurturing innovation in the industry. The COVID-19 pandemic has further accelerated the adoption of VR for remote work and virtual meetings, which contribute t%li%the growth of the market. Besides, increasing consumer interest in gaming and entertainment is promoting the demand for VR products and content.
Virtual Reality Market Segments:
Growth Drivers
Developments in Technology t%li%Support the Expansion of the Virtual Reality Industry
Increasing Demand for Immersive Experiences t%li%Improve the Growth of VR Market
Restraint
High Cost of VR Gear and Software will Hamper Market Expansion
Key Players
PRODUCT OVERVIEW
Virtual Reality Market is anticipated t%li%grow at a CAGR of 23.6% in the forecast period (2024-2034), with the market size valued at USD 28.3 billion in 2023 and projected t%li%reach USD 291.5 billion by 2034.
Virtual reality refers t%li%a computer-generated environment that immerses users in a simulated world and allows them t%li%interact with it. In virtual reality, individuals are transported int%li%digitally produced settings using specially designed headsets, that allow them t%li%interact with objects as if they were physically present. In addition, VR technology uses several senses, such as sight, hearing, and touch, t%li%create an illusion of reality. Its applications include multiple industries, such as entertainment, gaming, education, training, and therapy. Furthermore, by providing users with a sense of presence in virtual environments, VR has the potential t%li%transform how we engage with digital content and unlock new possibilities. Thus, VR technology will improve the learning experience by offering an interactive environment that was previously inaccessible.
MARKET HIGHLIGHTS
Virtual Reality Market is anticipated t%li%reach USD 291.5 billion, growing at a CAGR of 23.6% during the forecast period, due t%li%its diverse applications across industries and continuous technological improvements. The applications of VR technology are well recognized. Virtual reality is widely used in entertainment, healthcare, education, automotive, real estate, and manufacturing sectors. In addition, innovations in VR hardware, such as headsets and software platforms, are continuously improving user experiences. Moreover, strategic collaborations between major tech companies and start-ups are nurturing innovation in the industry. The COVID-19 pandemic has further accelerated the adoption of VR for remote work and virtual meetings, which contribute t%li%the growth of the market. Besides, increasing consumer interest in gaming and entertainment is promoting the demand for VR products and content.
Virtual Reality Market Segments:
- By Device
- Head-mounted Display
- Gesture-tracking Device
- Projectors & Display Wall
- By Component
- Hardware
- Software
- By Technology
- Semi & Fully Immersive
- Non-immersive
- By Application
- Aerospace & Defense
- Consumer
- Commercial
- Enterprise
- Healthcare
- Others
Growth Drivers
Developments in Technology t%li%Support the Expansion of the Virtual Reality Industry
Increasing Demand for Immersive Experiences t%li%Improve the Growth of VR Market
Restraint
High Cost of VR Gear and Software will Hamper Market Expansion
Key Players
- HTC Corporation
- Meta
- Sony Corporation
- Samsung Electronics Co., Ltd.
- Microsoft Corporation
- Google LLC
- Lenov%li%Group Limited
- Valve Corporation
- Magic Leap, Inc.
- VIVE Corporation
- NVIDIA Corporation
- Unity Technologies
- PTC Inc.
- Marxent Labs LLC
- Qualcomm Technologies, Inc.
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.Virtual Reality Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Virtual Reality Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. VIRTUAL REALITY MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. VIRTUAL REALITY MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Device
11.3.1.1. Head-mounted Display
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Gesture-tracking Device
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034
11.3.1.3.Projectors & Display Wall
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Component
11.3.2.1.Hardware
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Software
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Technology
11.3.3.1.Semi & Fully Immersive
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Non-immersive
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By Distribution Channels
11.3.4.1.Aerospace & Defense
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Consumer
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Commercial
11.3.4.3.1. By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4. Enterprise
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.5. Healthcare
11.3.4.5.1.By Value (USD Million) 2024-2034F
11.3.4.5.2. Market Share (%) 2024-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.6. Others
11.3.4.6.1. By Value (USD Million) 2024-2034F
11.3.4.6.2.Market Share (%) 2024-2034F
11.3.4.6.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Device
12.3.2.By Component
12.3.3.By Technology
12.3.4.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Device
13.3.2.By Component
13.3.3.By Technology
13.3.4.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Device
14.3.2.By Component
14.3.3.By Technology
14.3.4. By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Device
15.3.2.By Component
15.3.3.By Technology
15.3.4.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Device
16.3.2.By Component
16.3.3.By Technology
16.3.4.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. HTC Corporation
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Meta
18.3.Sony Corporation
18.4. Samsung Electronics Co., Ltd.
18.5.Microsoft Corporation
18.6.Google LLC
18.7.Lenovo Group Limited
18.8. Valve Corporation
18.9.Magic Leap, Inc.
18.10. VIVE Corporation
18.11. NVIDIA Corporation
18.12. Unity Technologies
18.13. PTC Inc.
18.14. Marxent Labs LLC
18.15.Qualcomm Technologies, Inc.
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.Virtual Reality Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Virtual Reality Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. VIRTUAL REALITY MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. VIRTUAL REALITY MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Device
11.3.1.1. Head-mounted Display
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Gesture-tracking Device
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034
11.3.1.3.Projectors & Display Wall
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Component
11.3.2.1.Hardware
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Software
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Technology
11.3.3.1.Semi & Fully Immersive
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Non-immersive
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By Distribution Channels
11.3.4.1.Aerospace & Defense
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Consumer
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Commercial
11.3.4.3.1. By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4. Enterprise
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.5. Healthcare
11.3.4.5.1.By Value (USD Million) 2024-2034F
11.3.4.5.2. Market Share (%) 2024-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.6. Others
11.3.4.6.1. By Value (USD Million) 2024-2034F
11.3.4.6.2.Market Share (%) 2024-2034F
11.3.4.6.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Device
12.3.2.By Component
12.3.3.By Technology
12.3.4.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Device
13.3.2.By Component
13.3.3.By Technology
13.3.4.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Device
14.3.2.By Component
14.3.3.By Technology
14.3.4. By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Device
15.3.2.By Component
15.3.3.By Technology
15.3.4.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA VIRTUAL REALITY MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Device
16.3.2.By Component
16.3.3.By Technology
16.3.4.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. HTC Corporation
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Meta
18.3.Sony Corporation
18.4. Samsung Electronics Co., Ltd.
18.5.Microsoft Corporation
18.6.Google LLC
18.7.Lenovo Group Limited
18.8. Valve Corporation
18.9.Magic Leap, Inc.
18.10. VIVE Corporation
18.11. NVIDIA Corporation
18.12. Unity Technologies
18.13. PTC Inc.
18.14. Marxent Labs LLC
18.15.Qualcomm Technologies, Inc.
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
