Europe Immersive Technology Market Size & Outlook

The immersive technology market in Europe is expected to reach a projected revenue of US$ 40,972.1 million by 2030. A compound annual growth rate of 27.1% is expected of Europe immersive technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,659.4
Forecast, 2030 (US$M)
$40,972.1
CAGR, 2024 - 2030
27.1%
Report Coverage
Europe

Europe immersive technology market highlights

  • The Europe immersive technology market generated a revenue of USD 7,659.4 million in 2023.
  • The market is expected to grow at a CAGR of 27.1% 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.
  • Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 7,659.4 million
Market revenue in 2030USD 40,972.1 million
Growth rate27.1% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware/Platform
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software/Platform, Services
Key market players worldwideBarco 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, Europe region accounted for 22.4% of the global immersive technology market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 40,972.1 million by 2030.

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Immersive Technology Market Companies

Name Profile # Employees HQ Website

Europe 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 48.48% in 2023. Horizon Databook has segmented the Europe immersive technology market based on hardware, software/platform, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Immersive Technology Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
      • HMD
      • GTD
      • PDW
    • Software/Platform
    • Services
      • Professional Services
      • Managed Services
  • Europe Immersive Technology Technology Type Outlook (Revenue, USD Million, 2018-2030)
    • Virtual Reality (VR)
    • Augmented Reality (AR)
    • Mixed Reality (MR)
    • Others
  • Europe Immersive Technology Application Outlook (Revenue, USD Million, 2018-2030)
    • Training & Learning
    • Emergency Services
    • Product Development
    • Sales & Marketing
    • Others
  • Europe Immersive Technology Industry Outlook (Revenue, USD Million, 2018-2030)
    • Aerospace & Defense
    • Manufacturing
    • Automotive
    • Education
    • Media & Entertainment
    • Gaming
    • Healthcare
    • Retail & E-commerce
    • Others

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  • Our clientele includes a mix of immersive technology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe immersive technology market , including forecasts for subscribers. This continent databook contains high-level insights into Europe immersive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe immersive technology market size, by country, 2018-2030 (US$M)

Europe Immersive Technology Market Outlook Share, 2023 & 2030 (US$M)

Europe immersive technology market size, by country, 2018-2030 (US$M)

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