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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Virtual Reality Market
The report gives a detailed analysis of the following key players in the virtual reality market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Google LLC
- Sony Corporation
- HTC Corporation
- Samsung Electronics Co., Ltd
- Facebook Technologies, LLC
- Microsoft Corporation
- Vuzix Corporation
- EON Reality, Inc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Virtual Reality Market Report Snapshots
*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.*
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Key Questions Answered in the Report
In 2023, the global virtual reality market attained a value of nearly USD 42.35 billion.
The market is projected to grow at a CAGR of 33% between 2024 and 2032.
The major drivers of the market include the arrival of 5G network, increasing investment in virtual reality, technological developments, and government initiatives.
The rapid growth of digital and virtual reality industry due to coronavirus pandemic and increasing gaming and entertainment industry are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Hardware, software, and content are the major components in the virtual reality market. The hardware component is further segmented into sensors and semiconductor components, among others.
By technology, the virtual reality is categorised into non-immersive, and semi and fully immersive.
On the basis of device, the industry is segmented into gesture-tracking device (GTD), projectors and display wall (PDW), and head mounted display (HMD), among others.
The end-uses include education, gaming, media and entertainment, healthcare, military and defence, and real estate, among others.
The major players in the industry are Google LLC, Sony Corporation, HTC Corporation, Samsung Electronics Co., Ltd., Facebook Technologies, LLC, Microsoft Corporation, Vuzix Corporation, and EON Reality Inc., among others.
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