China Virtual Reality Headset Market Size & Outlook
China virtual reality headset market, 2018-2030 (US$M)
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China virtual reality headset market highlights
- The China virtual reality headset market generated a revenue of USD 2,074.9 million in 2023 and is expected to reach USD 13,605.5 million by 2030.
- The China market is expected to grow at a CAGR of 30.8% from 2024 to 2030.
- In terms of segment, high-end-device was the largest revenue generating end-device in 2023.
- Low-end Device is the most lucrative end-device segment registering the fastest growth during the forecast period.
Virtual reality headset market data book summary
| Market revenue in 2023 | USD 2,074.9 million |
| Market revenue in 2030 | USD 13,605.5 million |
| Growth rate | 30.8% (CAGR from 2023 to 2030) |
| Largest segment | High-end-device |
| Fastest growing segment | Low-end Device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low-end Device, Mid-range device, High-End-device |
| Key market players worldwide | Carl Zeiss Meditec AG, Meta Platforms Inc Class A, Alphabet Inc Class C, LG Electronics Inc ADR, Microsoft Corp, HTC Corp DR, Temasek Holdings, Fove, HS Valve |
Other key industry trends
- In terms of revenue, China accounted for 22.5% of the global virtual reality headset market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China virtual 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 2,701.5 million by 2030.
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Virtual Reality Headset Market Scope
Virtual Reality Headset Market Companies
| Name | Profile | # Employees | HQ | Website |
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China virtual 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 virtual reality headset market will help companies and investors design strategic landscapes.
High-end-device was the largest segment with a revenue share of 51.65% in 2023. Horizon Databook has segmented the China virtual reality headset market based on low-end device, mid-range device, high-end-device covering the revenue growth of each sub-segment from 2018 to 2030.
The strong market presence of the region can be accredited to the presence of major companies in the region along with their strong plan related to virtual reality technology in future.
For instance, in November 2022, China released their plan dedicated to virtual reality. The region is expected to ship over 25 million VR/AR devices with a total value of over USD 45 million by the end of 2026. The region is planning to lead the virtual technology market, which is projected to fuel the market growth.
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Target buyers of China virtual reality headset market databook
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Our clientele includes a mix of virtual 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China virtual reality headset market , including forecasts for subscribers. This country databook contains high-level insights into China virtual reality headset market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China virtual reality headset market size, by end-device, 2018-2030 (US$M)
China Virtual Reality Headset Market Outlook Share, 2023 & 2030 (US$M)
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