Virtual Reality (VR): Global Strategic Business Report

Global Virtual Reality (VR) Market to Reach $111.8 Billion by 2030

The global market for Virtual Reality (VR) estimated at US$31.2 Billion in the year 2022, is projected to reach a revised size of US$111.8 Billion by 2030, growing at a CAGR of 17.3% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 16.7% CAGR and reach US$74.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 18.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $9.2 Billion, While China is Forecast to Grow at 16.5% CAGR

The Virtual Reality (VR) market in the U.S. is estimated at US$9.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$19 Billion by the year 2030 trailing a CAGR of 16.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.8% and 14.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR.

Select Competitors (Total 126 Featured) -

• Advanced Micro Devices, Inc.
• AppReal-VR
• Barco N.V
• Crytek GmbH
• Cubicle Ninjas
• EON Reality Inc.
• Epic Games, Inc.
• Erminesoft
• Firsthand Technology Inc.
• Google Inc.
• HTC Corporation
• Hyperlink Infosystem
• Immersive Robotics
• Intel Corporation
• Jaunt, Inc.
• Kopin Corporation, Inc.
• Leap Motion, Inc.
• Lenovo (China)
• MindMaze Holding SA
• NVIDIA Corporation
• Oculus VR, LLC
• Pimax Technology (Shanghai) Co., Ltd.
• Pixvana, Inc.
• Qualcomm Technologies, Inc.
• Samsung Electronics Co., Ltd.
• Sensics, Inc.
• Sixense Enterprises Inc.
• Sony Interactive Entertainment
• StarVR Corporation
• Unigine Corp.
• Unity Technologies, Inc.
• Varjo Technologies
• Virtalis Limited
• VirtaMed AG
• VRgineers, Inc.
• WorldViz

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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• Complimentary updates for one year