Middle East & Africa Virtual Reality Market Size & Outlook
Middle East & Africa virtual reality market, 2018-2030 (US$M)
Related Markets
MEA virtual reality market highlights
- The MEA virtual reality market generated a revenue of USD 150.8 million in 2023.
- The market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, aerospace and defense was the largest revenue generating application in 2023.
- Healthcare is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 150.8 million |
| Market revenue in 2030 | USD 402.0 million |
| Growth rate | 15% (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 |
| Key market players worldwide | Alphabet Inc Class A, Barco NV, Meta Platforms Inc Class A, HTC Corp DR, Microsoft Corp, Samsung Electronics Co Ltd, Senseonics Holdings Inc, Sixense, CyberGlove Systems, Ultraleap |
Other key industry trends
- In terms of revenue, MEA region accounted for 0.4% of the global virtual reality market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 20,990.9 million by 2030.
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Virtual Reality Market Scope
Virtual Reality Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 54.51% in 2023. Horizon Databook has segmented the Middle East & Africa virtual reality market based on aerospace and defense, healthcare covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Virtual Reality Application Outlook (Revenue, USD Million, 2018-2030)
- Aerospace and Defense
- Healthcare
- Others
- Middle East & Africa Virtual Reality Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
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Target buyers of Middle East & Africa 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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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 market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa virtual reality market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA virtual reality market size, by country, 2018-2030 (US$M)
Middle East & Africa Virtual Reality Market Outlook Share, 2023 & 2030 (US$M)
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