Virtual Reality Headsets Market Report - (Growth and Size by 2031)
The Virtual Reality Headsets Market is expected to register a CAGR of 28.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Standalone, Smartphone-enabled, Standalone PC-connected), End-device (Low-end Device, Mid-range Device, High-end Device), Application (Gaming, Healthcare, Media & Entertainment, Manufacturing, Retail, Education, Telecommunications, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Virtual Reality Headsets Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Virtual Reality Headsets Market Segmentation
Product- Standalone
- Smartphone-enabled
- Standalone PC-connected
- Low-end Device
- Mid-range Device
- High-end Device
- Gaming
- Healthcare
- Media & Entertainment
- Manufacturing
- Retail
- Education
- Telecommunications
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Virtual Reality Headsets Market Growth Drivers- Diverse applications across numerous industries: Virtual reality is rapidly adopted and used in a variety of industries, including retail, education, healthcare, and entertainment. For example, shops use virtual reality technology to provide immersive buying experiences, while educational institutions use it to create interactive learning environments for students. This broad application is a significant driver of global virtual reality headsets market growth.
- Increasing consumer interest in the adoption of virtual reality: As consumers become more aware of virtual reality technology, they express an interest in virtual reality experiences, notably in gaming and entertainment. The proliferation of social virtual reality platforms and multiplayer experiences is also driving up adoption rates among younger demographics.
- Evolution of Metaverse and Social Virtual Reality: The concept of the "metaverse," a virtual universe where people can socialize, work, and interact in immersive environments, has emerged as a major trend influencing the VR market. Companies like Meta (formerly Facebook) are heavily investing in building out the metaverse, and VR headsets are central to this vision. This includes virtual spaces for socializing, working remotely, and hosting live events. The trend towards social VR applications, such as virtual concerts, social spaces, and multiplayer games, is expected to grow, with VR headsets becoming key access points to these digital worlds.
- Demand for Wireless and Standalone Headsets: A major trend in the VR headset market is the rise of wireless and standalone VR devices. Devices like the Meta Quest 2 (formerly Oculus Quest 2) have made VR more accessible by removing the need for a high-performance PC or a console to power the headset. This allows for a more user-friendly, portable, and versatile VR experience. Wireless headsets are gaining popularity due to their simplicity, and this trend is likely to continue, with newer models offering improved performance and lower prices.
- Improved Content Ecosystem: Content is one of the biggest barriers to virtual reality adoption. The market presents an opportunity for both content creators and companies to expand the types of experiences available on VR platforms. As demand grows, there is room for the development of more applications, from entertainment (movies, concerts) to education, training, and social interactions (virtual meetups and events). Virtual reality content development is expected to increase dramatically, with opportunities for brands to create unique experiences.
- Technological Advancements: One of the most significant drivers of the VR headset market is the continuous improvement in technology. VR headsets have evolved from bulky, expensive devices with limited functionality to more affordable, lightweight, and feature-rich products. Improvements in displays (such as higher resolution and wider fields of view), processing power, and motion tracking systems have enhanced user experiences. Innovations like eye tracking, haptic feedback, and wireless connectivity further enhance immersion, making VR more appealing for a wide range of applications beyond gaming, such as healthcare, education, and virtual tourism.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Virtual Reality Headsets Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Virtual Reality Headsets Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Virtual Reality Headsets Market is estimated to witness a CAGR of 28.7% from 2023 to 2031
Diverse applications across numerous industries and increasing consumer interest in the adoption of virtual reality are the major factors driving the virtual reality headset market.
Enhanced social interaction features are likely to remain a key trend in the market.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Virtual Reality Headset Market - By Type
1.3.2 Virtual Reality Headset Market - By Application
1.3.3 Virtual Reality Headset Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VIRTUAL REALITY HEADSET MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. VIRTUAL REALITY HEADSET MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VIRTUAL REALITY HEADSET MARKET - GLOBAL MARKET ANALYSIS
6.1. VIRTUAL REALITY HEADSET - GLOBAL MARKET OVERVIEW
6.2. VIRTUAL REALITY HEADSET - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. VIRTUAL REALITY HEADSET MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MOBILE-BASED VR HEADSET
7.3.1. Overview
7.3.2. Mobile-Based VR Headset Market Forecast and Analysis
7.4. PC-BASED VR HEADSET
7.4.1. Overview
7.4.2. PC-Based VR Headset Market Forecast and Analysis
7.5. CONSOLE/PLAYSTATION BASED VR HEADSET
7.5.1. Overview
7.5.2. Console/PlayStation Based VR Headset Market Forecast and Analysis
8. VIRTUAL REALITY HEADSET MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INDIVIDUAL
8.3.1. Overview
8.3.2. Individual Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
9. VIRTUAL REALITY HEADSET MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Virtual Reality Headset Market Overview
9.1.2 North America Virtual Reality Headset Market Forecasts and Analysis
9.1.3 North America Virtual Reality Headset Market Forecasts and Analysis - By Type
9.1.4 North America Virtual Reality Headset Market Forecasts and Analysis - By Application
9.1.5 North America Virtual Reality Headset Market Forecasts and Analysis - By Countries
9.1.5.1 United States Virtual Reality Headset Market
9.1.5.1.1 United States Virtual Reality Headset Market by Type
9.1.5.1.2 United States Virtual Reality Headset Market by Application
9.1.5.2 Canada Virtual Reality Headset Market
9.1.5.2.1 Canada Virtual Reality Headset Market by Type
9.1.5.2.2 Canada Virtual Reality Headset Market by Application
9.1.5.3 Mexico Virtual Reality Headset Market
9.1.5.3.1 Mexico Virtual Reality Headset Market by Type
9.1.5.3.2 Mexico Virtual Reality Headset Market by Application
9.2. EUROPE
9.2.1 Europe Virtual Reality Headset Market Overview
9.2.2 Europe Virtual Reality Headset Market Forecasts and Analysis
9.2.3 Europe Virtual Reality Headset Market Forecasts and Analysis - By Type
9.2.4 Europe Virtual Reality Headset Market Forecasts and Analysis - By Application
9.2.5 Europe Virtual Reality Headset Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Virtual Reality Headset Market
9.2.5.1.1 Germany Virtual Reality Headset Market by Type
9.2.5.1.2 Germany Virtual Reality Headset Market by Application
9.2.5.2 France Virtual Reality Headset Market
9.2.5.2.1 France Virtual Reality Headset Market by Type
9.2.5.2.2 France Virtual Reality Headset Market by Application
9.2.5.3 Italy Virtual Reality Headset Market
9.2.5.3.1 Italy Virtual Reality Headset Market by Type
9.2.5.3.2 Italy Virtual Reality Headset Market by Application
9.2.5.4 United Kingdom Virtual Reality Headset Market
9.2.5.4.1 United Kingdom Virtual Reality Headset Market by Type
9.2.5.4.2 United Kingdom Virtual Reality Headset Market by Application
9.2.5.5 Russia Virtual Reality Headset Market
9.2.5.5.1 Russia Virtual Reality Headset Market by Type
9.2.5.5.2 Russia Virtual Reality Headset Market by Application
9.2.5.6 Rest of Europe Virtual Reality Headset Market
9.2.5.6.1 Rest of Europe Virtual Reality Headset Market by Type
9.2.5.6.2 Rest of Europe Virtual Reality Headset Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Virtual Reality Headset Market Overview
9.3.2 Asia-Pacific Virtual Reality Headset Market Forecasts and Analysis
9.3.3 Asia-Pacific Virtual Reality Headset Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Virtual Reality Headset Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Virtual Reality Headset Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Virtual Reality Headset Market
9.3.5.1.1 Australia Virtual Reality Headset Market by Type
9.3.5.1.2 Australia Virtual Reality Headset Market by Application
9.3.5.2 China Virtual Reality Headset Market
9.3.5.2.1 China Virtual Reality Headset Market by Type
9.3.5.2.2 China Virtual Reality Headset Market by Application
9.3.5.3 India Virtual Reality Headset Market
9.3.5.3.1 India Virtual Reality Headset Market by Type
9.3.5.3.2 India Virtual Reality Headset Market by Application
9.3.5.4 Japan Virtual Reality Headset Market
9.3.5.4.1 Japan Virtual Reality Headset Market by Type
9.3.5.4.2 Japan Virtual Reality Headset Market by Application
9.3.5.5 South Korea Virtual Reality Headset Market
9.3.5.5.1 South Korea Virtual Reality Headset Market by Type
9.3.5.5.2 South Korea Virtual Reality Headset Market by Application
9.3.5.6 Rest of Asia-Pacific Virtual Reality Headset Market
9.3.5.6.1 Rest of Asia-Pacific Virtual Reality Headset Market by Type
9.3.5.6.2 Rest of Asia-Pacific Virtual Reality Headset Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Virtual Reality Headset Market Overview
9.4.2 Middle East and Africa Virtual Reality Headset Market Forecasts and Analysis
9.4.3 Middle East and Africa Virtual Reality Headset Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Virtual Reality Headset Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Virtual Reality Headset Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Virtual Reality Headset Market
9.4.5.1.1 South Africa Virtual Reality Headset Market by Type
9.4.5.1.2 South Africa Virtual Reality Headset Market by Application
9.4.5.2 Saudi Arabia Virtual Reality Headset Market
9.4.5.2.1 Saudi Arabia Virtual Reality Headset Market by Type
9.4.5.2.2 Saudi Arabia Virtual Reality Headset Market by Application
9.4.5.3 U.A.E Virtual Reality Headset Market
9.4.5.3.1 U.A.E Virtual Reality Headset Market by Type
9.4.5.3.2 U.A.E Virtual Reality Headset Market by Application
9.4.5.4 Rest of Middle East and Africa Virtual Reality Headset Market
9.4.5.4.1 Rest of Middle East and Africa Virtual Reality Headset Market by Type
9.4.5.4.2 Rest of Middle East and Africa Virtual Reality Headset Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Virtual Reality Headset Market Overview
9.5.2 South and Central America Virtual Reality Headset Market Forecasts and Analysis
9.5.3 South and Central America Virtual Reality Headset Market Forecasts and Analysis - By Type
9.5.4 South and Central America Virtual Reality Headset Market Forecasts and Analysis - By Application
9.5.5 South and Central America Virtual Reality Headset Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Virtual Reality Headset Market
9.5.5.1.1 Brazil Virtual Reality Headset Market by Type
9.5.5.1.2 Brazil Virtual Reality Headset Market by Application
9.5.5.2 Argentina Virtual Reality Headset Market
9.5.5.2.1 Argentina Virtual Reality Headset Market by Type
9.5.5.2.2 Argentina Virtual Reality Headset Market by Application
9.5.5.3 Rest of South and Central America Virtual Reality Headset Market
9.5.5.3.1 Rest of South and Central America Virtual Reality Headset Market by Type
9.5.5.3.2 Rest of South and Central America Virtual Reality Headset Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VIRTUAL REALITY HEADSET MARKET, KEY COMPANY PROFILES
11.1. FOVE, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GOOGLE LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. LG ELECTRONICS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MERGE LABS, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MICROSOFT CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OCULUS (FACEBOOK TECHNOLOGIES, LLC)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAMSUNG ELECTRONICS CO LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SONY CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VIVE (HTC CORPORATION)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZEISS INTERNATIONAL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. FOVE, Inc.
2. Google LLC
3. LG Electronics Inc.
4. Merge Labs, Inc.
5. Microsoft Corporation
6. Oculus (Facebook Technologies, LLC)
7. Samsung Electronics Co Ltd.
8. Sony Corporation
9. Vive (HTC Corporation)
10. ZEISS International
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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