China Immersive Entertainment Market Size & Outlook
China immersive entertainment market, 2018-2030 (US$M)
Related Markets
China immersive entertainment market highlights
- The China immersive entertainment market generated a revenue of USD 11,746.0 million in 2023 and is expected to reach USD 51,126.0 million by 2030.
- The China market is expected to grow at a CAGR of 23.4% from 2024 to 2030.
- In terms of segment, virtual reality (vr) was the largest revenue generating technology type in 2023.
- Mixed Reality (MR) is the most lucrative technology type segment registering the fastest growth during the forecast period.
Immersive entertainment market data book summary
| Market revenue in 2023 | USD 11,746.0 million |
| Market revenue in 2030 | USD 51,126.0 million |
| Growth rate | 23.4% (CAGR from 2023 to 2030) |
| Largest segment | Virtual reality (vr) |
| Fastest growing segment | Mixed Reality (MR) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR) |
| Key market players worldwide | Meta Platforms Inc Class A, Microsoft Corp, HTC, Barco NV, Magic Leap, Samsung Electronics Co Ltd, Apple Inc, Sony Group Corp ADR, Qualcomm Inc, Unity Software Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, China accounted for 12.1% of the global immersive entertainment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China immersive entertainment market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 22,351.6 million by 2030.
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Immersive Entertainment Market Scope
Immersive Entertainment Market Companies
| Name | Profile | # Employees | HQ | Website |
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China immersive entertainment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to immersive entertainment market will help companies and investors design strategic landscapes.
Virtual reality (vr) was the largest segment with a revenue share of 46.17% in 2023. Horizon Databook has segmented the China immersive entertainment market based on virtual reality (vr), augmented reality (ar), mixed reality (mr) covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is attributed to the rapid adoption of smart gadgets, the proliferation of immersive technologies, and growing disposable incomes in the country. The market growth is being further driven by the supportive government initiatives to implement immersive technologies across various sectors.
For instance, in November 2023, Alibaba Digital Media & Entertainment Group established a strategic and innovative partnership with T&B Media Global Co., Ltd. This strategic alliance is designed to enhance cultural exchanges and reinforce the strong bond between China and Thailand.
The collaboration goes beyond cultural initiatives and extends to the development of immersive entertainment technologies. The aim is to introduce immersive experiences to audiences globally, reflecting the shared commitment of both companies to push the boundaries of entertainment innovation, which is driving the immersive entertainment market growth.
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Our clientele includes a mix of immersive entertainment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China immersive entertainment market , including forecasts for subscribers. This country databook contains high-level insights into China immersive entertainment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China immersive entertainment market size, by technology type, 2018-2030 (US$M)
China Immersive Entertainment Market Outlook Share, 2023 & 2030 (US$M)
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