South Korea Mixed Reality Headset Market Size & Outlook
South Korea mixed reality headset market, 2018-2030 (US$M)
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South Korea mixed reality headset market highlights
- The South Korea mixed reality headset market generated a revenue of USD 117.7 million in 2023 and is expected to reach USD 810.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 31.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Mixed reality headset market data book summary
| Market revenue in 2023 | USD 117.7 million |
| Market revenue in 2030 | USD 810.9 million |
| Growth rate | 31.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Acer Inc DR, Apple Inc, Asustek Computer Inc DR, Dell Technologies Inc Ordinary Shares - Class C, Hewlett Packard Enterprise Co, HTC Corp DR, Magic Leap, Meta Platforms Inc Class A, Microsoft Corp, Samsung Electronics Co Ltd, Vuzix Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.3% of the global mixed reality headset market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mixed reality headset market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 585.6 million by 2030.
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Mixed Reality Headset Market Scope
Mixed Reality Headset Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea mixed reality headset 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 mixed reality headset market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 71.11% in 2023. Horizon Databook has segmented the South Korea mixed reality headset market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth is being further driven by the favorable government initiatives to encourage digital literacy. For instance, in May 2022, South Korea's Ministry of Science and Information and Communication Technologies 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. Such profound steps toward the technology implementation will enhance the market outlook over the forecast period.
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Our clientele includes a mix of mixed reality headset 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea mixed reality headset market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mixed reality headset market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea mixed reality headset market size, by component, 2018-2030 (US$M)
South Korea Mixed Reality Headset Market Outlook Share, 2023 & 2030 (US$M)
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