Global Virtual Reality Market Size & Outlook, 2023-2030
Global virtual reality market, 2018-2030 (US$M)
Related Markets
Global virtual reality market highlights
- The global virtual reality market generated a revenue of USD 33,963.5 million in 2023 and is expected to reach USD 84,159.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.8% by 2030.
- In terms of segment, aerospace and defense accounted for a revenue of USD 1,986.3 million in 2023.
- Healthcare is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 33,963.5 million |
| Market revenue in 2030 | USD 84,159.9 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Aerospace and defense |
| Fastest growing segment | Healthcare |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aerospace and Defense, Healthcare |
Other key industry trends
- In terms of revenue, the North America accounted for 30.8% of the global virtual reality market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 4,198.3 million by 2030.
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Virtual Reality Market Scope
Virtual Reality Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global virtual reality 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 market will help companies and investors design strategic landscapes.
Aerospace and defense was the largest segment with a revenue share of 5.85% in 2023. Horizon Databook has segmented the Global virtual reality market based on aerospace and defense, healthcare covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Virtual Reality Application Outlook (Revenue, USD Million, 2018-2030)
- Aerospace and Defense
- Healthcare
- Others
- Global Virtual Reality Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
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Target buyers of Global virtual reality market databook
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Our clientele includes a mix of virtual reality 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 global-level data and insights on the Global virtual reality market , including forecasts for subscribers. This global databook contains high-level insights into Global virtual reality market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global virtual reality market size, by regions, 2018-2030 (US$M)
Top 10 countries: Virtual reality market size, 2023 (US$M)
Global virtual reality market share, by application, 2023 & 2030 (%, US$M)
Virtual reality market: Opportunity assessment by country
Global virtual reality market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 165.5 | 316.9 | 488.3 | 678.4 | 888.2 | 1,103.8 | 1,315.0 | 1,530.1 | 1,768.3 | 2,001.8 | 2,259.6 | 2,545.7 | 2,862.1 | 14.6% |
| Europe | 121.5 | 235.8 | 368.0 | 517.8 | 686.5 | 863.5 | 1,041.1 | 1,225.7 | 1,432.8 | 1,640.5 | 1,872.4 | 2,132.6 | 2,421.8 | 15.9% |
| Asia Pacific | 246.1 | 463.3 | 701.8 | 958.4 | 1,233.5 | 1,506.7 | 1,764.1 | 2,017.2 | 2,290.6 | 2,547.8 | 2,825.5 | 3,126.8 | 3,451.5 | 12.6% |
| Latin America | 28.5 | 55.4 | 86.7 | 122.0 | 161.9 | 203.8 | 245.8 | 289.5 | 338.5 | 387.7 | 442.5 | 503.9 | 572.2 | 15.9% |
| MEA | 22.2 | 42.5 | 65.7 | 91.6 | 120.2 | 149.8 | 179.1 | 209.2 | 242.7 | 275.9 | 312.8 | 354.1 | 400.0 | 15.1% |
| Overall | 583.8 | 1,113.9 | 1,710.5 | 2,368.2 | 3,090.3 | 3,827.6 | 4,545.1 | 5,271.7 | 6,072.9 | 6,853.7 | 7,712.8 | 8,663.1 | 9,707.6 | 14.2% |
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