China Virtual Reality In Gaming Market Size & Outlook
China virtual reality in gaming market, 2014-2027 (US$M)
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China virtual reality in gaming market highlights
- The China virtual reality in gaming market generated a revenue of USD 3,529.5 million in 2020 and is expected to reach USD 17,580.7 million by 2027.
- The China market is expected to grow at a CAGR of 25.8% from 2021 to 2027.
- In terms of segment, hardware was the largest revenue generating component in 2020.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Virtual reality in gaming market data book summary
| Market revenue in 2020 | USD 3,529.5 million |
| Market revenue in 2027 | USD 17,580.7 million |
| Growth rate | 25.8% (CAGR from 2020 to 2027) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data | 2014 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware |
| Key market players worldwide | Sony Group Corp, Microsoft Corp, Nintendo Co Ltd, Electronic Arts Inc, Meta Platforms Inc Class A, Samsung Electronics Co Ltd, Alphabet Inc Class A, HTC Corp DR, Tesla Inc, Qualcomm Inc |
Other key industry trends
- In terms of revenue, China accounted for 23.9% of the global virtual reality in gaming market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China virtual reality in gaming market is projected to lead the regional market in terms of revenue in 2027.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,424.2 million by 2027.
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Virtual Reality In Gaming Market Scope
Virtual Reality In Gaming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China virtual reality in gaming 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 in gaming market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 61.72% in 2020. Horizon Databook has segmented the China virtual reality in gaming market based on software, hardware covering the revenue growth of each sub-segment from 2014 to 2027.
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The low cost of labor is one of the key factors, and outsourcing clinical research services in China is cost-effective. Owing to this reason, the number of clinical research studies in China is expected to increase.
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Horizon Databook provides a detailed overview of country-level data and insights on the China virtual reality in gaming market , including forecasts for subscribers. This country databook contains high-level insights into China virtual reality in gaming market from 2014 to 2027, including revenue numbers, major trends, and company profiles.
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China virtual reality in gaming market size, by component, 2014-2027 (US$M)
China Virtual Reality In Gaming Market Outlook Share, 2020 & 2027 (US$M)
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