Middle East & Africa Immersive Virtual Reality Market Size & Outlook
The immersive virtual reality market in Middle East & Africa is expected to reach a projected revenue of US$ 2,416.8 million by 2030. A compound annual growth rate of 26.5% is expected of Middle East & Africa immersive virtual reality market from 2024 to 2030.
Revenue, 2023 (US$M)
$466.1
Forecast, 2030 (US$M)
$2,416.8
CAGR, 2024 - 2030
26.5%
Report Coverage
Middle East & Africa
Middle East & Africa immersive virtual reality market, 2018-2030 (US$M)
MEA immersive virtual reality market highlights
- The MEA immersive virtual reality market generated a revenue of USD 466.1 million in 2023.
- The market is expected to grow at a CAGR of 26.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 466.1 million |
| Market revenue in 2030 | USD 2,416.8 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.0% of the global immersive virtual reality 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 18,693.9 million by 2030.
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Immersive Virtual Reality Market Scope
Immersive virtual reality market segmentation & scope
Technology
Non-Immersive
Semi & Fully Immersive
Device
Head Mounted Display
Gesture Tracking Device
Projectors & Display Wall
End Use
Aerospace & Defense
Manufacturing
Automotive
Education
Media & Entertainment
Gaming
Healthcare
Retail & E-commerce
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Immersive Virtual Reality Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa immersive virtual reality market
Related regional statistics
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