South Korea Immersive Entertainment Market Size & Outlook
South Korea immersive entertainment market, 2018-2030 (US$M)
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South Korea immersive entertainment market highlights
- The South Korea immersive entertainment market generated a revenue of USD 4,292.3 million in 2023 and is expected to reach USD 22,351.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.6% 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 4,292.3 million |
| Market revenue in 2030 | USD 22,351.6 million |
| Growth rate | 26.6% (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, South Korea accounted for 4.4% 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 |
|---|
South Korea 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 45.97% in 2023. Horizon Databook has segmented the South Korea 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.
For instance, in May 2022, South Korea's Ministry of Science and Information and Communication Technologies (ICT) announced to invest USD 177.1 million toward the promotion of a Metaverse ecosystem.
The government is also investing in creating 40,000 professionals and 220 companies specializing in metaverse technology as a part of its initiatives to make South Korea one of the largest countries in the metaverse market by 2026.
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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 South Korea immersive entertainment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea immersive entertainment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea immersive entertainment market size, by technology type, 2018-2030 (US$M)
South Korea Immersive Entertainment Market Outlook Share, 2023 & 2030 (US$M)
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