Middle East & Africa Virtual Reality Headset Market Size & Outlook
Middle East & Africa virtual reality headset market, 2018-2030 (US$M)
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MEA virtual reality headset market highlights
- The MEA virtual reality headset market generated a revenue of USD 451.8 million in 2023.
- The market is expected to grow at a CAGR of 31.6% 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.
- Country-wise, Nigeria is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 451.8 million |
| Market revenue in 2030 | USD 3,095.2 million |
| Growth rate | 31.6% (CAGR from 2023 to 2030) |
| Largest segment | High-end-device |
| Fastest growing segment | Low-end Device |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.9% of the global virtual reality headset market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,739.9 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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Middle East & Africa 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 57.9% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East and Africa (MEA) region is expected to grow significantly over the forecast period. This is attributed to gamers' increasing use of VR headsets, which is boosting the market growth in this region.
Moreover, the increasing adoption of virtual reality technology in gaming arcades, cafes, amusement parks, and exhibitions is positively impacting regional market growth. In addition, the growing demand for Head Mounted Displays (HMD) in the gaming and entertainment industry is considerably favoring the region's growth for the VR headset market.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa virtual reality headset market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa virtual reality headset market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA virtual reality headset market size, by country, 2018-2030 (US$M)
Middle East & Africa Virtual Reality Headset Market Outlook Share, 2023 & 2030 (US$M)
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