Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
The global virtual reality gaming market size reached USD 35.29 billion in 2023. The market is expected to grow at a CAGR of 29.7% between 2024 and 2032, reaching almost USD 365.75 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The International Trade Administration reported the global video game market to be worth $159 billion in 2020, with 2.7B gamers worldwide, thus enhancing the global virtual reality gaming market growth.
- VR gaming is utilised for therapeutic purposes like rehabilitating individuals and addressing phobias, and anxiety disorders. It's also employed in military training to enhance strategy skills.
- According to the China Audio Video and Digital Publishing Association, China's gaming industry in 2020 was led by mobile games.
Competitive Landscape
The virtual reality gaming market players are gaining a competitive advantage by focusing on hardware innovation, thereby allowing for better graphics, comfort, and tracking capabilities. They expand the exclusive game content and bring more immersive experiences onboard. Improvements in multiplayer and social features increase engagements among users, while greater investment in cloud gaming and 5G technology ensures seamless experiences and lower latency. These developments by the virtual reality gaming companies are helpful in making the gaming experience in VR more accessible, seamless, and engaging for the end user.
Key Market Players
Key industry leaders in this market are:
Sony Corporation, established in 1946, Sony Corporation is a well-known global leader in electronics, gaming, and entertainment. Based in Japan, Sony has developed revolutionary products such as PlayStation consoles, Bravia TVs, and Xperia smartphones, greatly impacting the tech industry.
Meta, founded in 2004, Meta Platforms, previously known as Facebook, is a pioneer in transforming social networking and virtual reality. Headquartered in California, Meta connects billions globally through platforms like Facebook, Instagram, WhatsApp, and Oculus VR, enhancing digital connectivity and immersive experiences.
Nintendo, established in 1889, Nintendo has been a trailblazer in gaming and entertainment. Headquartered in Japan, Nintendo is renowned for iconic franchises like Mario, Zelda, and Pokémon, shaping the gaming landscape with innovative consoles such as the Nintendo Switch.
HTC Corporation, founded in 1997 and based in New Taipei City, Taiwan, is a prominent innovator in consumer electronics. Initially gaining recognition for smartphones, HTC later expanded into virtual reality with its Vive VR headset, pushing boundaries in immersive technology experiences.
Other key players in the global virtual reality gaming market are Samsung Electronics Co., Ltd., Electronics Arts Inc., Ultraleap, and Microsoft Corporation among others.
Virtual Reality Gaming Market Report Snapshots
Virtual Reality Gaming Market Size
Virtual Reality Gaming Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The market is estimated to be valued at USD 35.29 billion in 2023.
The market is projected to grow at a CAGR of 29.7% between 2024 and 2032.
The revenue generated from the virtual reality gaming market is expected to reach USD 365.75 billion in 2032.
Technological progress, advanced gaming experiences, multiplayer interaction, and cloud-based gaming drive the virtual reality gaming market.
The virtual reality gaming market is categorised according to its component, which includes software and hardware.
The major players in the global virtual reality gaming market are Sony Corporation, Meta, Nintendo, HTC Corporation, Samsung Electronics Co., Ltd., Electronic Arts Inc., Ultraleap, and Microsoft Corporation among others.
Based on the device, the virtual reality gaming market is divided into personal computers, gaming consoles, and mobile devices.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124