Saudi Arabia Virtual Reality Headset Market Size & Outlook
Saudi Arabia virtual reality headset market, 2018-2030 (US$M)
Related Markets
Saudi Arabia virtual reality headset market highlights
- The Saudi Arabia virtual reality headset market generated a revenue of USD 104.6 million in 2023 and is expected to reach USD 619.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 28.9% 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 104.6 million |
| Market revenue in 2030 | USD 619.7 million |
| Growth rate | 28.9% (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, Saudi Arabia accounted for 1.1% 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 Middle East & Africa, Saudi Arabia virtual reality headset market is projected to lead the regional market in terms of revenue in 2030.
- Nigeria is the fastest growing regional market in Middle East & Africa and is projected to reach USD 257.2 million by 2030.
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Virtual Reality Headset Market Scope
Virtual Reality Headset Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 57.55% in 2023. Horizon Databook has segmented the Saudi Arabia 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 region is aggressively investing in virtual reality technology to gain competitive edge in the market. For instance, in January 2023, Saudi Arabia acquired majority of the stake in Magic Leap, Inc., a VR display manufacturer, by investing USD 450 million.
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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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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 Saudi Arabia virtual reality headset market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia virtual reality headset market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia virtual reality headset market size, by end-device, 2018-2030 (US$M)
Saudi Arabia Virtual Reality Headset Market Outlook Share, 2023 & 2030 (US$M)
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