Vr Headset Market Report 2024 (Global Edition)

Global Vr Headset Market Report 2024 Market Size Split by End-device (Low-end Device, Mid-range Device, High-end Device), by Product Type (Standalone, Smartphone-enabled, Standalone PC-connected), by ...

Vr Headset Market Report Description

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Vr Headset Market Insights Video

Competitive Landscape of the VR Headset market

The competitive landscape of the V.R. headset market is marked by intense competition among established players and emerging entrants striving to capture a share of this rapidly expanding market. Key players in the market include established electronics manufacturers, specialized companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

In December 2023, Access Controller for PlayStation 5 Launches Globally to Empower Gamers with Disabilities. A highly customizable accessibility controller kit helps many gamers play more comfortably and for longer periods.

(Source: https://sonyinteractive.com/en/press-releases/2023/access-controller-launch/)

In April 2024, Samsung will develop the industry's Fastest 10.7Gbps LPDDR5X DRAM, Optimized for A.I. applications. Industry-leading features come with 25% higher performance, 30% more capacity, and 25% higher power efficiency. The new LPDDR5X is the optimal solution for future on-device applications and is expected to expand adoption into PCsP.C.s, accelerators, servers, and automobiles.

(Source:https://semiconductor.samsung.com/news-events/news/samsung-develops-industrys-fastest-gbps--lpddr5x-dram-optimized-for-ai-applications/.)

Top Companies Market Share in Vr Headset Industry: (In no particular order of Rank)

• Oculus (Meta Platforms
• Inc.) (U.S.)
• Google LLC (Alphabet Inc.) (U.S.)
• Microsoft Corporation (U.S.)
• Sony Interactive Entertainment LLC (Japan)
• HTC Corporation (Taiwan)
• Samsung Electronics Co.
• Ltd. (South Korea)
• Unity Software Inc. (U.S.)
• Qualcomm Incorporated (U.S.)
• Nvidia Corporation (U.S.)
• HaptX Inc. (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the V.R. Headset Market

Which Region Dominates the V.R. Headset Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. This region's strong market dominance underscores its pivotal role in shaping the trajectory of the V.R. headset industry. North America's leadership position can be attributed to several factors, including robust technological innovation, widespread adoption across diverse industries, and strong consumer demand for immersive experiences. The United States and Canada, in particular, have been primary contributors to market growth, driven by factors such as enterprise adoption, gaming and entertainment, and expanding applications of V.R. technology.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the VR Headset market due to several compelling reasons. Rapid urbanization, population growth, and rising disposable incomes in countries across the region are fueling demand for immersive technologies like V.R. Moreover, the gaming and entertainment industries in Asia-Pacific are booming, with a large and tech-savvy population eager for immersive gaming experiences. Additionally, the region's expanding healthcare, education, and enterprise sectors are embracing V.R. technology for training, simulation, and collaboration, further driving market growth.

The current report Scope analyzes Vr Headset Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Vr Headset Market

According to Cognitive Market Research, the global VR Headset market size was estimated at USD 7915.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3166.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.2% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the V.R. headset market, with a market size of USD 2498.04 million in 2024. This market is projected to grow at a CAGR of 28.0% during the forecast period. Several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise, propel this growth.
• The Canada VR headset market had a market share of USD 379.93 million in 2024 and is projected to grow at a CAGR of 29.0% during the forecast period. Several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise, propel this growth.
• The Mexico VR Headset market is projected to witness growth at a CAGR of 28.7% during the forecast period, with a market size of USD 288.11 million in 2024.

Europe Vr Headset Market

According to Cognitive Market Research, the global VR Headset market size was estimated at USD 7915.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2374.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.5% from 2024 to 2031.

• The United Kingdom V.R. headset market had a market share of USD 398.93 million in 2024 and is projected to grow at a CAGR of 29.3% during the forecast period. This growth is propelled by several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise.
• The France VR headset market is projected to grow at a CAGR of 27.7% during the forecast period, reaching a market size of USD 218.46 million in 2024.
• According to Cognitive Market Research, the Germany VR headset market was valued at USD 470.16 million in 2024 and is projected to grow at a CAGR of 28.7% during the forecast period. Several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise, propel this growth.
• The Italy V.R. headset market is projected to grow at a CAGR of 27.9% during the forecast period, reaching USD 204.21 million in 2024.
• The Russian VR headset market is projected to grow at a CAGR of 27.5% during the forecast period, reaching a market size of USD 368.06 million in 2024.
• The Spain VR headset market is projected to grow at a CAGR of 27.6% during the forecast period, reaching a market size of USD 194.71 million in 2024.
• The Luxembourg V.R. headset market is projected to grow at a CAGR of 28.6% during the forecast period, reaching a market size of USD 73.61 million in 2024.
• The Portugal VR headset market is projected to witness growth at a CAGR of 28.3% during the forecast period, with a market size of USD 49.87 million in 2024.
• The Greece V.R. headset market is projected to grow at a CAGR of 28.8% during the forecast period, reaching a market size of USD 28.49 million in 2024.
• The rest of Europe's V.R. headset market is projected to witness growth at a CAGR of 27.2% during the forecast period, with a market size of USD 368.06 million in 2024. 

Asia Pacific Vr Headset Market

According to Cognitive Market Research, the global VR Headset market size was estimated at USD 7915.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1820.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.0% from 2024 to 2031.

• According to Cognitive Market Research, the China V.R. headset market was valued at USD 819.22 million in 2024 and is projected to grow at a CAGR of 31.5% during the forecast period. Several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise, propel this growth.
• The Japan V.R. headset market is projected to grow at a CAGR of 30.5% during the forecast period, reaching a market size of USD 251.23 million in 2024.
• The India VR headset market had a market share of USD 218.46 million in 2024 and is projected to grow at a CAGR of 33.8% during the forecast period. This growth is propelled by several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise.
• The South Korean V.R. headset V.R. headset market is projected to grow at a CAGR of 31.1% during the forecast period, reaching a market size of USD 182.05 million in 2024.
• The Australian V.R. headset market is projected to grow at a CAGR of 31.7% during the forecast period, reaching a market size of USD 94.67 million in 2024.
• The South East Asia VR Headset market is projected to grow at a CAGR of 33.0% during the forecast period, reaching USD 125.61 million in 2024.
• The Rest of the Asia Pacific VR Headset market is projected to witness growth at a CAGR of 31.8% during the forecast period, with a market size of USD 129.26 million in 2024. 

South America Vr Headset

According to Cognitive Market Research, the global VR Headset market size was estimated at USD 7915.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 395.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil V.R. headset market was valued at USD 169.39 million in 2024 and is projected to grow at a CAGR of 30.0% during the forecast period. This growth is propelled by several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise.
• The Argentina V.R. headset market had a market share of USD 66.49 million in 2024 and is projected to grow at a CAGR of 30.3% during the forecast period. This growth is propelled by several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise.
• The Colombia V.R. headset market is projected to grow at a CAGR of 29.2% during the forecast period, reaching a market size of USD 35.22 million in 2024.
• The Peru VR headset market is projected to grow at a CAGR of 29.6% during the forecast period, reaching a market size of USD 32.45 million in 2024.
• The Chile V.R. headset market is projected to grow at a CAGR of 29.7% during the forecast period, reaching a market size of USD 28.49 million in 2024.
• The Rest of the Latin America VR Headset market is projected to witness growth at a CAGR of 28.5% during the forecast period, with a market size of USD 63.72 million in 2024. 

Middle East and Africa Vr Headset

According to Cognitive Market Research, the global VR Headset market size was estimated at USD 7915.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 158.30 million, in 2024 and will grow at a compound annual growth rate (CAGR) of 29.7% from 2024 to 2031.

• The GCC Countries V.R. headset market is projected to witness growth at a CAGR of 30.5% during the forecast period, with a market size of USD 67.75 million in 2024. Several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise, propel this growth.
• The Egypt V.R. headset market is projected to grow at a CAGR of 30.0% during the forecast period, reaching a market size of USD 16.62 million in 2024.
• The South African V.R. Headset market is projected to grow at a CAGR of 30.7% during the forecast period, reaching USD 25.01 million in 2024. Several factors, including the widespread adoption of V.R. technology across various industries such as gaming, entertainment, healthcare, and enterprise, propel this growth.
• The Turkey VR headset market is projected to grow at a CAGR of 29.2% during the forecast period, reaching a market size of USD 13.61 million in 2024.
• The Nigeria V.R. headset market is projected to grow at a CAGR of 28.8% during the forecast period, reaching a market size of USD 16.62 million in 2024.
• The Rest of the MEA VR Headset market is projected to witness growth at a CAGR of 28.7% during the forecast period, with a market size of USD 18.68 million in 2024. 

Vr Headset Market Analysis

VR Headset market End-device Segment Analysis

According to Cognitive Market Research, Low-end Device stands out as the dominating category. These devices typically provide basic V.R. experiences with limited features and functionalities, making them ideal for entry-level users, casual gamers, and budget-conscious consumers. The affordability of low-end V.R. devices has democratized access to V.R. technology, allowing more people to experience immersive virtual environments without breaking the bank. Additionally, the widespread availability of low-end devices, including smartphone-based V.R. headsets and standalone V.R. goggles, further contributes to their dominance in the market.

Mid-range Device emerges as the fastest-growing category in the V.R. headset market. Positioned between low-end and high-end devices, mid-range V.R. headsets offer a balance of performance, features, and affordability, making them attractive options for a growing number of consumers. These devices typically offer more advanced capabilities than entry-level options, such as higher-resolution displays, improved tracking systems, and enhanced comfort features, while remaining relatively affordable compared to premium models. The growing demand for mid-range V.R. headsets can be attributed to increasing consumer expectations for immersive experiences, coupled with a desire for value and affordability.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vr Headset Industry. Request a Free Sample PDF!

VR Headset Market Product Type Segment Analysis

According to Cognitive Market Research, the dominating category is Smartphone-enabled. These V.R. headsets leverage the processing power and display capabilities of smartphones to deliver immersive virtual reality experiences. Smartphone-enabled VR headsets typically consist of a headset or goggles into which a smartphone is inserted, serving as the display screen and processing unit. This approach offers several advantages, including affordability, portability, and accessibility, as consumers can use their existing smartphones to access V.R. content without the need for additional expensive hardware. Additionally, the widespread availability of smartphones and the growing adoption of VR-compatible mobile applications contribute to the popularity of smartphone-enabled V.R. headsets.

The fastest-growing category in the V.R. headset market is Standalone PC-connected. These V.R. headsets offer a high level of performance and immersion by connecting directly to a personal computer or gaming console, providing users with access to advanced V.R. experiences and content. Unlike smartphone-enabled or standalone devices, PC-connected VR headsets rely on the processing power of a dedicated computer system to render complex graphics and deliver smooth, high-fidelity V.R. experiences. This category has seen rapid growth due to several factors, including advancements in P.C. hardware, the increasing availability of VR-compatible software and games, and the growing demand for premium V.R. experiences among enthusiasts and gamers.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Vr Headset Application Segment Analysis

According to Cognitive Market Research, the dominating category is Gaming. V.R. headsets have revolutionized the gaming industry by offering immersive and interactive experiences that transport players into virtual worlds. With VR technology, gamers can enjoy a heightened sense of presence and realism, allowing them to interact with virtual environments and characters in three dimensions. The gaming category encompasses a wide range of V.R. experiences, including action-adventure games, simulations, virtual tours, and multiplayer experiences, catering to diverse gaming preferences and interests. Moreover, the popularity of gaming V.R. headsets is driven by the growing demand for immersive gaming experiences among enthusiasts and casual gamers alike. As gaming continues to evolve, VRV.R. technology is expected to play an increasingly integral role in shaping the future of interactive entertainment, driving innovation and growth within the gaming industry.

The fastest-growing category in the V.R. Headset market is Media & Entertainment. V.R. headsets are reshaping the way people consume content by providing immersive and interactive experiences across various forms of media. In the media and entertainment category, V.R. headsets offer users the opportunity to watch movies, experience live events, and explore virtual environments in a truly immersive manner. This category encompasses a wide range of experiences, including virtual cinema screenings, live concerts and sporting events, 360-degree videos, and interactive storytelling. The increasing availability of V.R. content from major entertainment companies and content creators, coupled with advancements in V.R. technology, is driving rapid growth in this category.

• Gaming
• Healthcare
• Media & Entertainment
• Manufacturing
• Retail
• Education
• Telecommunications
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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