Virtual Reality Market Size, Share & Industry Analysis, By Component (Hardware and Software), By Technology (Semi & Fully Immersive and Non-Immersive) By Device Type (Head Mounted Display (HMD), VR Simulator, VR Glasses, Gloves, and Others), By End-user (Consumer and Commercial/Enterprise), and Regional Forecast, 2024-2032

In 2023, the market value stood at USD 12.86 billion.

The market is projected to register a significant CAGR of 28.7% during the forecast period.

By end-user, the consumer segment is likely to lead the market with the highest CAGR.

Increasing demand for live virtual entertainment will drive the market growth.

Google LLC, Oculus (Meta Platform, Inc.), Sony Corporation, Unity Technologies, HTC Corporation, Samsung Electronics Co. Ltd., Microsoft Corporation, and others are the top players in the market.

North America is expected to hold the highest market share.

Asia Pacific is expected to record the highest CAGR.