Global Virtual Reality Market Size Study & Forecast, by Device (Head-Mounted Display, Gesture-Tracking Device, Projectors & Display Wall ), by Technology, by Component, by Application, and Regional Analysis, 2023-2030

Description

List of Tables

Global Virtual Reality (VR) Market is valued at approximately USD 59.96 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 27.5% over the forecast period 2023-2030. Virtual Reality (VR) is a computer-generated simulation or recreation of a three-dimensional world that is designed for interaction and exploration. A head-mounted display (HMD) that shows the virtual environment, collectively with other sensory equipment such as motion trackers and hand controllers, is often worn by the user when engaging in VR. The Virtual Reality market is continuously evolving, with advancements in technology, improved hardware, and expanded content offerings. The surging adoption of HMDs in different industries, rising investments in the VR sector, rapid digitization, and increasing use of virtual reality (VR) in instructional training, coupled with a growing emphasis on enhanced user experiences are the most prominent factors that are propelling the market demand across the globe.

Moreover, the rising trend of live virtual entertainment is exhibiting a positive influence on the market expansion. The concept of live virtual entertainment is expanding as people are inclined towards watching live performances and events from the comfort of their own homes using technology. The demand for live events, such as sports games or music concerts, is significantly increasing as a result of the potential of technology to engage consumers in a real-world setting. For instance, in April 2022, the rock band Foo Fighters had their performance on the Meta virtual stage, presenting 180-degree live-streaming footage using the Meta Quest headset. Likewise, in March 2021, a virtual event platform with real-time, personal engagement and interaction was made available by 3D-VR LiVE. Therefore, it is anticipated that the growing demand for virtual live entertainment is associated with virtual reality technologies, which is augmenting the market growth during the estimated period. Furthermore, the rapid penetration of HMDs in healthcare and architectural applications, as well as the rising adoption of VR in aerospace & defense for training and simulation presents various lucrative opportunities over the forecast years. However, the health concerns relating to low resolution and lack of movement, along with display latency and energy consumption affect the overall performance of VR devices and are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Virtual Reality (VR) Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increased adoption in enterprise applications, and rising focus on enhancing user experience. In addition, the region is home to several manufacturers and enterprises that use VR in a variety of operations as a result of the drive toward automation. Furthermore, the rising demand for portable VR devices in the Asia Pacific is anticipated to fuel the regional market development. Whereas, Europe is expected to grow at the highest CAGR over the forecast years. The extensive use of VR technology in a range of applications across a variety of industries, especially in the gaming and automotive sectors is contributing to the regional market growth. Also, the widespread use of innovative VR headsets is majorly attributed due to the presence of a huge gaming industry. The regional market has expanded rapidly as a result of the quick development and distribution of potent VR technology targeted at the gaming community in European nations.

Major market players included in this report are:

Alphabet Inc.
Barco NV
CyberGlove Systems, Inc.
Meta Platforms Inc.
HTC Corporation
Microsoft Corporation
Samsung Electronics Co., Ltd.
Sensics, Inc.
Sixense Enterprises, Inc. (Penumbra, Inc.)
Ultraleap Ltd.

Recent Developments in the Market:

In January 2023, HTC Corporation introduced the Vive XR Elite, a new virtual reality and augmented reality headset. according to the company, the device has a high-resolution display for an immersive experience. This latest innovation assists company to improve its market presence and acquire huge customer base.
In February 2023, Meta Platforms Inc. acquired Within Unlimited, Inc. for its VR expertise and popular virtual reality (VR) application called Supernatural. The objective of this acquisition is to expand the company's footprints.
In March 2022, Unity Software Inc. partnered with live music producer Insomniac Events to grow into the virtual environment from the physical world. Additionally, the companies focus on providing live entertainment to the prospective audience of the next generation.

Global Virtual Reality (VR) Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Device, Technology, Component, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Device:

Head-Mounted Display (HMD)
Gesture-Tracking Device (GTD)
Projectors & Display Wall (PDW)

By Technology:

Semi & Fully Immersive
Non-immersive

By Component:

Hardware
Software

By Application:

Aerospace & Defense
Consumer
Commercial
Enterprise
Healthcare
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Virtual Reality (VR) Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Virtual Reality (VR) Market, by Device, 2020-2030 (USD Billion)
- 1.2.3. Virtual Reality (VR) Market, by Technology, 2020-2030 (USD Billion)
- 1.2.4. Virtual Reality (VR) Market, by Component, 2020-2030 (USD Billion)
- 1.2.5. Virtual Reality (VR) Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Virtual Reality (VR) Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Virtual Reality (VR) Market Dynamics

3.1. Virtual Reality (VR) Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Surging adoption of HMDs in different industries
  - 3.1.1.2. Rising trend of live virtual entertainment
- 3.1.2. Market Challenges
  - 3.1.2.1. Health concerns relating to low resolution and lack of movement
  - 3.1.2.2. Display latency and energy consumption affect overall performance of VR devices
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rapid penetration of HMDs in healthcare and architectural applications
  - 3.1.3.2. Rising adoption of VR in aerospace & defense for training and simulation

Chapter 4. Global Virtual Reality (VR) Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Virtual Reality (VR) Market, by Device

5.1. Market Snapshot
5.2. Global Virtual Reality (VR) Market by Device, Performance - Potential Analysis
5.3. Global Virtual Reality (VR) Market Estimates & Forecasts by Device 2020-2030 (USD Billion)
5.4. Virtual Reality (VR) Market, Sub Segment Analysis
- 5.4.1. Head-Mounted Display (HMD)
- 5.4.2. Gesture-Tracking Device (GTD)
- 5.4.3. Projectors & Display Wall (PDW)

Chapter 6. Global Virtual Reality (VR) Market, by Technology

6.1. Market Snapshot
6.2. Global Virtual Reality (VR) Market by Technology, Performance - Potential Analysis
6.3. Global Virtual Reality (VR) Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
6.4. Virtual Reality (VR) Market, Sub Segment Analysis
- 6.4.1. Semi & Fully Immersive
- 6.4.2. Non-immersive

Chapter 7. Global Virtual Reality (VR) Market, by Component

7.1. Market Snapshot
7.2. Global Virtual Reality (VR) Market by Component, Performance - Potential Analysis
7.3. Global Virtual Reality (VR) Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
7.4. Virtual Reality (VR) Market, Sub Segment Analysis
- 7.4.1. Hardware
- 7.4.2. Software

Chapter 8. Virtual Reality (VR) Market, by Application

8.1. Market Snapshot
8.2. Global Virtual Reality (VR) Market by Application, Performance - Potential Analysis
8.3. Global Virtual Reality (VR) Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Virtual Reality (VR) Market, Sub Segment Analysis
- 8.4.1. Aerospace & Defense
- 8.4.2. Consumer
- 8.4.3. Commercial
- 8.4.4. Enterprise
- 8.4.5. Healthcare
- 8.4.6. Others

Chapter 9. Global Virtual Reality (VR) Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Virtual Reality (VR) Market, Regional Market Snapshot
9.4. North America Virtual Reality (VR) Market
- 9.4.1. U.S. Virtual Reality (VR) Market
  - 9.4.1.1. Device breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Component breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Virtual Reality (VR) Market
9.5. Europe Virtual Reality (VR) Market Snapshot
- 9.5.1. U.K. Virtual Reality (VR) Market
- 9.5.2. Germany Virtual Reality (VR) Market
- 9.5.3. France Virtual Reality (VR) Market
- 9.5.4. Spain Virtual Reality (VR) Market
- 9.5.5. Italy Virtual Reality (VR) Market
- 9.5.6. Rest of Europe Virtual Reality (VR) Market
9.6. Asia-Pacific Virtual Reality (VR) Market Snapshot
- 9.6.1. China Virtual Reality (VR) Market
- 9.6.2. India Virtual Reality (VR) Market
- 9.6.3. Japan Virtual Reality (VR) Market
- 9.6.4. Australia Virtual Reality (VR) Market
- 9.6.5. South Korea Virtual Reality (VR) Market
- 9.6.6. Rest of Asia Pacific Virtual Reality (VR) Market
9.7. Latin America Virtual Reality (VR) Market Snapshot
- 9.7.1. Brazil Virtual Reality (VR) Market
- 9.7.2. Mexico Virtual Reality (VR) Market
9.8. Middle East & Africa Virtual Reality (VR) Market
- 9.8.1. Saudi Arabia Virtual Reality (VR) Market
- 9.8.2. South Africa Virtual Reality (VR) Market
- 9.8.3. Rest of Middle East & Africa Virtual Reality (VR) Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Alphabet Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Barco NV
- 10.3.3. CyberGlove Systems, Inc.
- 10.3.4. Meta Platforms Inc.
- 10.3.5. HTC Corporation
- 10.3.6. Microsoft Corporation
- 10.3.7. Samsung Electronics Co., Ltd.
- 10.3.8. Sensics, Inc.
- 10.3.9. Sixense Enterprises, Inc. (Penumbra, Inc.)
- 10.3.10. Ultraleap Ltd.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Virtual Reality (VR) Market, report scope
TABLE 2. Global Virtual Reality (VR) Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Virtual Reality (VR) Market estimates & forecasts by Device 2020-2030 (USD Billion)
TABLE 4. Global Virtual Reality (VR) Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 5. Global Virtual Reality (VR) Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 6. Global Virtual Reality (VR) Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 7. Global Virtual Reality (VR) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Virtual Reality (VR) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Virtual Reality (VR) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Virtual Reality (VR) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Virtual Reality (VR) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Virtual Reality (VR) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Virtual Reality (VR) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Virtual Reality (VR) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Virtual Reality (VR) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Virtual Reality (VR) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Virtual Reality (VR) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Virtual Reality (VR) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Virtual Reality (VR) Market
TABLE 72. List of primary sources, used in the study of global Virtual Reality (VR) Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Virtual Reality (VR) Market, research methodology
FIG 2. Global Virtual Reality (VR) Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Virtual Reality (VR) Market, key trends 2022
FIG 5. Global Virtual Reality (VR) Market, growth prospects 2023-2030
FIG 6. Global Virtual Reality (VR) Market, porters 5 force model
FIG 7. Global Virtual Reality (VR) Market, pest analysis
FIG 8. Global Virtual Reality (VR) Market, value chain analysis
FIG 9. Global Virtual Reality (VR) Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Virtual Reality (VR) Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Virtual Reality (VR) Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Virtual Reality (VR) Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Virtual Reality (VR) Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Virtual Reality (VR) Market, regional snapshot 2020 & 2030
FIG 15. North America Virtual Reality (VR) Market 2020 & 2030 (USD Billion)
FIG 16. Europe Virtual Reality (VR) Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Virtual Reality (VR) Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Virtual Reality (VR) Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Virtual Reality (VR) Market 2020 & 2030 (USD Billion)