Market revenue in 2023 | USD 1,511.0 million |
Market revenue in 2030 | USD 8,834.1 million |
Growth rate | 28.7% (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 |
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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 48.25% in 2024. Horizon Databook has segmented the South Korea immersive technology market based on hardware, software/platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's immersive technology market is rapidly expanding owing to its advanced technological infrastructure and high smartphone penetration rates. The country is witnessing significant investments from both government and private sectors aimed at enhancing AR and VR capabilities across industries such as gaming, education, and healthcare.
South Korea's vibrant gaming culture fosters a strong demand for immersive experiences that blend digital content with real-world interactions. Additionally, the rollout of 5G networks promises to enhance the quality of AR and VR applications, further driving market growth as consumers seek more engaging digital experiences.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea immersive technology market , including forecasts for subscribers. This country databook contains high-level insights into South Korea immersive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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