"Smart Strategies, Giving Speed to your Growth Trajectory"

Germany Virtual Reality Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Content), By Device Type (Head Mounted Display, VR Simulator, VR Glasses, Treadmills & Haptic Gloves, and Others), By Industry (Gaming, Entertainment, Automotive, Retail, Healthcare, Education, Aerospace & Defense, Manufacturing, and Others), 2023-2030

Last Updated: October 21, 2024 | Format: PDF | Report ID: FBI107617

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

Germany virtual reality market size is projected to grow at a CAGR of 33.5% during the forecast period.


Germany has technologically developed telecommunications systems due to intensive investments in infrastructure and innovative solutions in all sectors. In addition, rising investments in automotive and commercial applications are expected to boost the German market throughout the forecast period.


LATEST TRENDS


Increase in Tourism to Surge the Demand for Virtual Reality


Germany virtual reality market growth is due to the presence of various historical monuments and attractive destinations. Germany's most popular tourist cities are Munich, Berlin, Nuremberg, Heidelberg, Frankfurt, Hamburg Cologne, and Rothenburg ob der Tauber. Hence, this technology is used in the tourism and real estate industries to provide virtual tours and interactive experiences for customers, which fuel’s the market demand.


DRIVING FACTORS


Growing Consumer Awareness of the Virtual Reality Technology to Boost the Market


The growing consumer awareness in the virtual reality market in Germany can be witnessed through the increasing popularity of VR headset sales. In recent years, there has been a significant increase in sales as various consumers in Germany are becoming aware of the benefits provided by virtual reality. Further, the rise in sales has been fueled by increased marketing and advertising efforts in the country. Hence, due to the growing consumer awareness, many electronic retailers and online marketplaces in Germany now offer a wide range of VR headsets and accessories, allowing consumers to purchase and experience VR technology easily.


RESTRAINING FACTORS


Limited Distribution Channels to Hamper Market Growth


Germany has limited virtual reality hardware and content distribution channels, making it difficult for consumers to access VR products and services. Further, technical limitations, such as motion sickness, low resolution, and latency, might negatively impact the user experience. The factors mentioned above are expected to slow down the market growth.


KEY INDUSTRY PLAYERS


Holoride, Inflight VR, VRdirect GmbH, and NVIDIA GmbH, among others, are some significant players in the German virtual reality market share. These players are providing enhanced VR products and services to offer an exclusive user experience for consumers. In addition, the aim towards higher investments in these solutions has enabled the companies to provide better virtual reality experiences.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS: 



  • December 2022 – Meta Platforms Inc. announced that it will again provide virtual reality headsets to German shelves after the company raised issues with the country's antitrust authorities. Further, the company plans to sell the Meta Quest 2 headset in Germany soon.

  • April 2022 – Pico Interactive, a provider of enterprise and consumer VR solutions, launched its latest standalone VR headset for gamers and consumers with the release of the Pico Neo 3 Link device. Initially, Pico will provide links to gamers and consumers in European markets such as Germany, Spain, France, and the Netherlands.


REPORT COVERAGE


To gain extensive insights into the market, Request for Customization


The research on the German market covers essential areas to gain in-depth knowledge of the industry. In addition, the studies provide an overview of the latest market trends and analyze the technologies implemented worldwide. Additionally, it highlights the growth limits and elements, allowing the reader to understand the market.


Report Scope & Segmentation
















































  ATTRIBUTE

 DETAILS

Study Period

2019-2030

Base Year

2022

Estimated Year

2023

Forecast Period

2023-2030

Historical Period

2019-2021

Growth Rate

CAGR of 33.5% from 2023 to 2030

Unit

Value (USD Billion)

Segmentation

By Component



  • Hardware

  • Software

  • Content

By Device Type



  • Head Mounted Devices (HMD)

  • VR Simulator

  • VR Glasses

  • Treadmills & Haptic Gloves

  • Others (Controllers, Cardboard, etc.)

By Industry



  • Gaming

  • Entertainment

  • Automotive

  • Retail

  • Healthcare

  • Education

  • Aerospace & Defense

  • Manufacturing

  • Others (Real Estate, Travel & Tourism, etc.)




Frequently Asked Questions

Growing at a CAGR of 33.5%, the market will exhibit steady growth in the forecast period of 2023-2030.

Growing consumer awareness of this technology to boost the market.

Holoride, Inflight VR, Unity Technologies, Microsoft Deutschland GmbH, Samsung Electronics GmbH, Qualcomm Technologies, Inc., Playsnak, VRdirect GmbH, NVIDIA GmbH, and Google LLC (Alphabet Inc.) are the major players in this market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts Speak to an Expert
Key Questions Answer REQUEST SAMPLE
Why to Choose Fortune Business Insights SPEAK TO ANALYST
Germany Virtual Reality Market Report
  • 2019-2030
  • 2022
  • 2019-2021
  • 0
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X