Canada Immersive Technology Market Size & Outlook
Canada immersive technology market, 2018-2030 (US$M)
Related Markets
Canada immersive technology market highlights
- The Canada immersive technology market generated a revenue of USD 2,724.3 million in 2023 and is expected to reach USD 14,363.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 26.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software/Platform is the most lucrative component segment registering the fastest growth during the forecast period.
Immersive technology market data book summary
| Market revenue in 2023 | USD 2,724.3 million |
| Market revenue in 2030 | USD 14,363.2 million |
| Growth rate | 26.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software/Platform |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software/Platform, Services |
| Key market players worldwide | Barco NV, Alphabet Inc Class A, HTC Corp DR, International Business Machines Corp, Magic Leap, Meta Platforms Inc Class A, Microsoft Corp, Samsung Electronics Co Ltd, Sony Group Corp, Compass Inc Class A, EON Reality, Leap Motion |
Other key industry trends
- In terms of revenue, Canada accounted for 8.0% of the global immersive technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. immersive technology market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,846.8 million by 2030.
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Immersive Technology Market Scope
Immersive Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada immersive technology 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 technology market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 48.35% in 2024. Horizon Databook has segmented the Canada immersive technology market based on hardware, software/platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The country's strong focus on innovation, particularly in the gaming sector, has led to the development of immersive experiences that captivate users. Notably, Canadian VR studios such as Cloudhead Games are at the forefront of creating engaging gaming environments, which is significantly contributing to market growth.
Additionally, investments in immersive technologies across various sectors—such as healthcare, education, and tourism—are accelerating the adoption of virtual reality (VR) and augmented reality (AR) solutions. This growing recognition of the potential benefits of immersive technologies is expected to drive substantial market expansion in Canada over the coming years.
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Our clientele includes a mix of immersive technology market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada immersive technology market , including forecasts for subscribers. This country databook contains high-level insights into Canada immersive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada immersive technology market size, by component, 2018-2030 (US$M)
Canada Immersive Technology Market Outlook Share, 2024 & 2030 (US$M)
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