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VR Headsets Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032

Publisher Global Market Insights
Published Sep 11, 2024
Length 210 Pages
SKU # GMI19309940

Description

VR Headsets Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032


The Global VR Headsets Market was valued at USD 8.2 billion in 2023. Projections indicate a robust growth trajectory, with an anticipated CAGR of 22.5% from 2024 to 2032, fueled by advancements in immersive technology and rising demand across diverse industries.

The industry is currently witnessing several significant trends shaping its trajectory. A key trend is the heightened integration of VR with other cutting-edge technologies, notably AI and machine learning, aiming to craft more advanced and responsive virtual environments. Furthermore, there is an increasing emphasis on standalone VR headsets, which operate independently of PCs or consoles for enhancing portability and user-friendliness. The burgeoning metaverse is also amplifying interest in VR as a medium for social engagement and virtual economies.

The overall industry is segmented into type, component, operating system, connectivity technology, application, distribution channel, and region.

The market is categorized by type into tethered, standalone, and smartphone-enabled headsets. Standalone VR headsets led the market in 2023, raking in revenues surpassing USD 3.1 billion, with projections to hit USD 10.2 billion by 2032. Their surge in popularity can be attributed to their convenience, affordability, and user-friendly nature. Unlike tethered counterparts reliant on powerful PCs or consoles, standalone headsets boast integrated processing power, sensors, and displays.

Operating system-wise, the VR headsets market is divided into Windows, iOS, and Android. Windows took the lead in 2023, amassing revenues over USD 3.6 billion, with forecasts suggesting a climb to USD 19.2 billion by 2032. Windows' dominance stems from its robust ecosystem, ensuring hardware compatibility, software support, and active developer engagement. Notably, leading VR headsets like Oculus Rift and HTC Vive are tailored for seamless integration with Windows, solidifying its status as a premier platform for gaming, entertainment, and professional use.

North America stood out as the leading region, generating a notable USD 3.1 billion in revenue, with expectations to soar to USD 17.7 billion by 2032. This growth is underpinned by the region's advanced technological infrastructure, affluent consumer base, and the significant presence of industry giants. Moreover, North America's substantial investments in research and development, combined with swift technological adoption rates, bolster VR's expansion across sectors like gaming, education, and healthcare.

Table of Contents

210 Pages
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2018 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Impact forces
3.2.1 Growth drivers
3.2.1.1 Advancements in immersive technology
3.2.1.2 Growing Adoption in Diverse Sectors
3.2.1.3 Expanding 5G network expansion
3.2.1.4 Increasing disposable income
3.2.2 Industry pitfalls & challenges
3.2.2.1 High initial investment
3.2.2.2 Health and Safety Concerns
3.3 Technology & innovation landscape
3.4 Consumer buying behavior analysis
3.4.1 Demographic trends
3.4.2 Factors affecting buying decision
3.4.3 Consumer product adoption
3.4.4 Preferred distribution channel
3.5 Growth potential analysis
3.6 Regulatory landscape
3.7 Pricing analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 – 2032, (USD Billion) (Million Units)
5.1 Key trends
5.2 Tethered
5.3 Standalone
5.4 Smartphone enabled
Chapter 6 Market Estimates & Forecast, By Component, 2021 – 2032, (USD Billion) (Million Units)
6.1 Key trends
6.2 Hardware
6.3 Software
Chapter 7 Market Estimates & Forecast, By Operating System, 2021 – 2032, (USD Billion) (Million Units)
7.1 Key trends
7.2 Windows
7.3 iOS
7.4 Android
Chapter 8 Market Estimates & Forecast, By Connectivity Technology, 2021 – 2032, (USD Billion) (Million Units)
8.1 Key trends
8.2 Bluetooth
8.3 HDMI
8.4 Wi-Fi
8.5 Others (NFC, etc.)
Chapter 9 Market Estimates & Forecast, By Application, 2021 – 2032, (USD Billion) (Million Units)
9.1 Key trends
9.2 Gaming & entertainment
9.3 Education
9.4 Healthcare
9.5 Retail & E-commerce
9.6 Military & defense
9.7 Engineering & design
9.8 Others
Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021 – 2032, (USD Billion) (Million Units)
10.1 Key trends
10.2 Online
10.2.1 Ecommerce
10.2.2 Company owned website
10.3 Offline
10.3.1 Supermarkets & department stores
10.3.2 Specialty stores
10.3.3 Gaming stores
10.3.4. Others (B2 B channels, subscription services, etc.)
Chapter 11 Market Estimates & Forecast, By Region, 2021 – 2032, (USD Billion) (Million Units)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Australia
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Argentina
11.6 MEA
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 South Africa
Chapter 12 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
12.1 Google LLC
12.2 HP Inc.
12.3 HTC Corporation
12.4 Lenovo Group Limited
12.5 Magic Leap, Inc.
12.6 Meta Platforms, Inc.
12.7 Microsoft Corporation
12.8 Pico Interactive, Inc.
12.9 Pimax Technology (Shanghai) Co., Ltd.
12.10 Razer Inc.
12.11 Samsung Electronics Co., Ltd.
12.12 Shenzhen Baofeng Mojing Technology Co., Ltd.
12.13 Sony Group Corporation
12.14 Valve Corporation
12.15 Xiaomi Corporation

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