Virtual Reality in Gaming Market – Global Industry Analysis and Forecast (2023-2029)


Virtual Reality in Gaming Market was valued US$ 99.62 Bn. in 2022 and is expected to reach US$ 99.68 Bn by 2029, at a CAGR of 40.08 % during a forecast period.

The virtual reality is a reliastic and immersive simulation of a three dimentional environment. The virtual reality in the gaming industry has been gainging significant ground in every sphere because of the transformation towards to the digitalization. VR application are evolving fast and they are widely preffered in the many industries from helathcare to the automotive industry. The VR technology is chaning the way things are done and increasing the expectation for the future, which is particulary true for the gaming industry.

Virtual Reality in Gaming Market

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Virtual Reality in Gaming Market, Dynamics:

The gaming industry is increasing the business value with the help of the virtual reality discriptive technology. The virtual gaming gadgets are getting in trend across the globe and creating more interesting solutions, which attract the more new users. VR is helping to the key players to overcome the tedious challenges in the industry at the time of the introduing the VR game products. The tehnological adavancement in the VR solutions are expected to increase the investment in the research and development. For instance, research and development in the optical devices like optical trackers, becon trackers, pattern recogniton, laser ranging and 3D input devices are expected to increase the globle virtual reality in gaming market.

However, a lack of the awareness about the VR games and inadequate VR content are expected to limit the growth in the market. In addition, technlogical advancement and the economical constraint is expected to become a barrier in the market growth. Small business are not able to afford the cost of the VR device and substantial investment compared to the large enteprises as a result it is expected to hamper the market growth.

An intergration of advanced technologies like artificial intelligence and virtual reality is expected to offer superior experience to the users. AI can assist to the VR by animation and combine and create realistic environment.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Virtual Reality in Gaming Market Segment Analysis:

The sale of the hardware and content are expected to generate maximum share in the market growth. Hardware includes a devices such as consoles, keyboard, controllers, heatset and other devices. VR headsets are getting better and lighter and also offering more freedom with more powerful processing for the dedicated player. Different types of VR use different hardware devices to perform various gaming actions. The most important critical factor in the market is that VR remains a niche product, with the less price of the cosideration over the amount of content and extendended application. As per the perspective of the content developer, there are currently few peoples are interested in the VR. The demand is expected to increase by introducing a PC games in VR format, which will help to develop the content market.

Currently, the demand for the gaming console is increasing. The gaming console has a larger installation base. The researcher and developer are focusing on the integrating the fully immersive VR games with published console/PC games. Furthemore, with the consideration of the smartphone, the virtual reality products do not have an elastic demand. Key players are expected to creat demand to drive the business development. An increasing stability stability of the product quality is expected to increase the potential user base. It is expected to to turn incentivize deveopers to put more attention on creating VR content. To speed up the market growth, key players are starting to put resources into the developing standalone virtual reality devices.

Regional Analysis:

North America region held the highest share in the global virtual reality in gaming market and is projected to grow with healthy growth rake in the forecast period. The VR has enabling the organization to accelerate change in the region. The region is an early adopter of the technologies, which is expected to contribute maximum share in the market.

The rise in usage of the computer and mobiles, demand for the virtual reality in the gaming industry is expected to propel the market growth in the region. Furthermore, Asia Pacific region is projected to grow at a xx% rate of CAGR during the forecast period. The developing countries like China and India are expected to contribute maximum share due to the massive population and rapid technological development in the region. The presence of the prominent key players is expected to boost the Asia Pacific regional growth. For instance, Samsung is a active key player in the region, which offers 2D, 3D, and 360 degree content, by connecting it with the mobile devices.

Virtual Reality in Gaming Market, Compitative Analysis:

The prominent brands like Samsung, HTC, and Google and Face book are shifting their focus into the virtual reality market. The virtual reality business has experiencing a significant growth by some acquisition and merges activities across the key players. For instance, the Apple acquired SensoMotoric instrument, which is eye tracking solution provider to drive the market growth. However, In the current market scenario, some forward looking companies are scoring with educational games. For instance, zSpace has creating “Virtual Instruction Program”, which is powered by equipment and VR classroom app. The new innovations are helping to be engaged and interested to the student. In addition, key players are encompassing their bedrock expertise in the integration of hardware, software and extended the content creation and the platform activities by adding VR solutions.

The objective of the report is to present a comprehensive analysis of the Global Virtual Reality in Gaming Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Virtual Reality in Gaming Market dynamics, structure by analyzing the market segments and projects the Global Virtual Reality in Gaming Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Virtual Reality in Gaming Market make the report investor’s guide.

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Virtual Reality in Gaming Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2017 to 2022
Market Size in 2022:
US $ 9.41 Bn.




Forecast Period 2023 to 2029 CAGR:
40.08%
Market Size in 2029:
US $ 99.62 Bn.




 Segments Covered:
by Product
Gaming Hardware
Gaming Software
Content




by Type
Gaming Console
Desktop
Smartphone






Virtual Reality in Gaming Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key Players

1. Facebook technologies LLC
2. Unity Technologies
3. Google
4. Samsung Electronics
5. Sony
6. Electronics Art
7. HTC
8. Oculus VR
9. Leap Motion
10.VirZOOM
11.ZEISS International
12.NextVR Inc.
13.Firsthand Technology Inc.
14.Apple Inc.
15.bHaptics, Inc.
16.TESLASUIT/VR Electronics Limited
17.Nintendo Co Limited
18.Microsoft Corporation
19.GoPro
20.Largan Precision
21.Qualcomm

Frequently Asked Questions:

1. Which region has the largest share in Virtual Reality in Gaming Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of Virtual Reality in Gaming Market?
Ans: The Virtual Reality in Gaming Market is growing at a CAGR of 40.08% during forecasting period 2022-2029.

3. What is scope of the Virtual Reality in Gaming market report?
Ans: Virtual Reality in Gaming Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Virtual Reality in Gaming market?
Ans: The important key players in the Virtual Reality in Gaming Market are – Facebook technologies LLC, Unity Technologies, Google, Samsung Electronics, Sony, Electronics Art, HTC, Oculus VR, Leap Motion, VirZOOM, ZEISS International, NextVR Inc., Firsthand Technology Inc., Apple Inc., bHaptics, Inc., TESLASUIT/VR Electronics Limited, Nintendo Co Limited, Microsoft Corporation, GoPro, Largan Precision, and Qualcomm.

5. What is the study period of this market?
Ans: The Virtual Reality in Gaming Market is studied from 2022 to 2029. 




Global Virtual Reality in Gaming Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Virtual Reality in Gaming Market Size, by Market Value (US$ Bn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators
6. Global Virtual Reality in Gaming Market Analysis and Forecast
6.1. Virtual Reality in Gaming Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Virtual Reality in Gaming Market Analysis and Forecast, By Component
7.1. Introduction and Definition
7.2. Key Findings
7.3. Virtual Reality in Gaming Market Value Share Analysis, By Component
7.4. Virtual Reality in Gaming Market Size (US$ Bn) Forecast, By Component
7.5. Virtual Reality in Gaming Market Analysis, By Component
7.6. Virtual Reality in Gaming Market Attractiveness Analysis, By Component

8. Global Virtual Reality in Gaming Market Analysis and Forecast, By Device
8.1. Introduction and Definition
8.2. Key Findings
8.3. Virtual Reality in Gaming Market Value Share Analysis, By Device
8.4. Virtual Reality in Gaming Market Size (US$ Bn) Forecast, By Device
8.5. Virtual Reality in Gaming Market Analysis, By Device
8.6. Virtual Reality in Gaming Market Attractiveness Analysis, By Device

9. Global Virtual Reality in Gaming Market Analysis, by Region
9.1. Virtual Reality in Gaming Market Value Share Analysis, by Region
9.2. Virtual Reality in Gaming Market Size (US$ Bn) Forecast, by Region
9.3. Virtual Reality in Gaming Market Attractiveness Analysis, by Region

10. North America Virtual Reality in Gaming Market Analysis
10.1. Key Findings
10.2. North America Virtual Reality in Gaming Market Overview
10.3. North America Virtual Reality in Gaming Market Value Share Analysis, By Component
10.4. North America Virtual Reality in Gaming Market Forecast, By Component
10.4.1. Gaming Hardware
10.4.2. Gaming Software
10.4.3. Content
10.5. North America Virtual Reality in Gaming Market Value Share Analysis, By Device
10.6. North America Virtual Reality in Gaming Market Forecast, By Device
10.6.1. Gaming Console
10.6.2. Desktop
10.6.3. Smartphone
10.7. North America Virtual Reality in Gaming Market Value Share Analysis, by Country
10.8. North America Virtual Reality in Gaming Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Virtual Reality in Gaming Market Analysis, by Country
10.10. U.S. Virtual Reality in Gaming Market Forecast, By Component
10.10.1. Gaming Hardware
10.10.2. Gaming Software
10.10.3. Content
10.11. U.S. Virtual Reality in Gaming Market Forecast, By Device
10.11.1. Gaming Console
10.11.2. Desktop
10.11.3. Smartphone
10.12. Canada Virtual Reality in Gaming Market Forecast, By Component
10.12.1. Gaming Hardware
10.12.2. Gaming Software
10.12.3. Content
10.13. Canada Virtual Reality in Gaming Market Forecast, By Device
10.13.1. Gaming Console
10.13.2. Desktop
10.13.3. Smartphone
10.14. North America Virtual Reality in Gaming Market Attractiveness Analysis
10.14.1. By Component
10.14.2. By Device
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Europe Virtual Reality in Gaming Market Analysis
11.1. Key Findings
11.2. Europe Virtual Reality in Gaming Market Overview
11.3. Europe Virtual Reality in Gaming Market Value Share Analysis, By Component
11.4. Europe Virtual Reality in Gaming Market Forecast, By Component
11.4.1. Gaming Hardware
11.4.2. Gaming Software
11.4.3. Content
11.5. Europe Virtual Reality in Gaming Market Value Share Analysis, By Device
11.6. Europe Virtual Reality in Gaming Market Forecast, By Device
11.6.1. Gaming Console
11.6.2. Desktop
11.6.3. Smartphone
11.7. Europe Virtual Reality in Gaming Market Value Share Analysis, by Country
11.8. Europe Virtual Reality in Gaming Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Virtual Reality in Gaming Market Analysis, by Country
11.10. Germany Virtual Reality in Gaming Market Forecast, By Component
11.10.1. Gaming Hardware
11.10.2. Gaming Software
11.10.3. Content
11.11. Germany Virtual Reality in Gaming Market Forecast, By Device
11.11.1. Gaming Console
11.11.2. Desktop
11.11.3. Smartphone
11.12. U.K. Virtual Reality in Gaming Market Forecast, By Component
11.12.1. Gaming Hardware
11.12.2. Gaming Software
11.12.3. Content
11.13. U.K. Virtual Reality in Gaming Market Forecast, By Device
11.13.1. Gaming Console
11.13.2. Desktop
11.13.3. Smartphone
11.14. France Virtual Reality in Gaming Market Forecast, By Component
11.14.1. Gaming Hardware
11.14.2. Gaming Software
11.14.3. Content
11.15. France Virtual Reality in Gaming Market Forecast, By Device
11.15.1. Gaming Console
11.15.2. Desktop
11.15.3. Smartphone
11.16. Italy Virtual Reality in Gaming Market Forecast, By Component
11.16.1. Gaming Hardware
11.16.2. Gaming Software
11.16.3. Content
11.17. Italy Virtual Reality in Gaming Market Forecast, By Device
11.17.1. Gaming Console
11.17.2. Desktop
11.17.3. Smartphone
11.18. Spain Virtual Reality in Gaming Market Forecast, By Component
11.18.1. Gaming Hardware
11.18.2. Gaming Software
11.18.3. Content
11.19. Spain Virtual Reality in Gaming Market Forecast, By Device
11.19.1. Gaming Console
11.19.2. Desktop
11.19.3. Smartphone
11.20. Rest of Europe Virtual Reality in Gaming Market Forecast, By Component
11.20.1. Gaming Hardware
11.20.2. Gaming Software
11.20.3. Content
11.21. Rest of Europe Virtual Reality in Gaming Market Forecast, By Device
11.21.1. Gaming Console
11.21.2. Desktop
11.21.3. Smartphone
11.22. Europe Virtual Reality in Gaming Market Attractiveness Analysis
11.22.1. By Component
11.22.2. By Device
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments

12. Asia Pacific Virtual Reality in Gaming Market Analysis
12.1. Key Findings
12.2. Asia Pacific Virtual Reality in Gaming Market Overview
12.3. Asia Pacific Virtual Reality in Gaming Market Value Share Analysis, By Component
12.4. Asia Pacific Virtual Reality in Gaming Market Forecast, By Component
12.4.1. Gaming Hardware
12.4.2. Gaming Software
12.4.3. Content
12.5. Asia Pacific Virtual Reality in Gaming Market Value Share Analysis, By Device
12.6. Asia Pacific Virtual Reality in Gaming Market Forecast, By Device
12.6.1. Gaming Console
12.6.2. Desktop
12.6.3. Smartphone
12.7. Asia Pacific Virtual Reality in Gaming Market Value Share Analysis, by Country
12.8. Asia Pacific Virtual Reality in Gaming Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Virtual Reality in Gaming Market Analysis, by Country
12.10. China Virtual Reality in Gaming Market Forecast, By Component
12.10.1. Gaming Hardware
12.10.2. Gaming Software
12.10.3. Content
12.11. China Virtual Reality in Gaming Market Forecast, By Device
12.11.1. Gaming Console
12.11.2. Desktop
12.11.3. Smartphone
12.12. India Virtual Reality in Gaming Market Forecast, By Component
12.12.1. Gaming Hardware
12.12.2. Gaming Software
12.12.3. Content
12.13. India Virtual Reality in Gaming Market Forecast, By Device
12.13.1. Gaming Console
12.13.2. Desktop
12.13.3. Smartphone
12.14. Japan Virtual Reality in Gaming Market Forecast, By Component
12.14.1. Gaming Hardware
12.14.2. Gaming Software
12.14.3. Content
12.15. Japan Virtual Reality in Gaming Market Forecast, By Device
12.15.1. Gaming Console
12.15.2. Desktop
12.15.3. Smartphone
12.16. ASEAN Virtual Reality in Gaming Market Forecast, By Component
12.16.1. Gaming Hardware
12.16.2. Gaming Software
12.16.3. Content
12.17. ASEAN Virtual Reality in Gaming Market Forecast, By Device
12.17.1. Gaming Console
12.17.2. Desktop
12.17.3. Smartphone
12.18. Rest of Asia Pacific Virtual Reality in Gaming Market Forecast, By Component
12.18.1. Gaming Hardware
12.18.2. Gaming Software
12.18.3. Content
12.19. Rest of Asia Pacific Virtual Reality in Gaming Market Forecast, By Device
12.19.1. Gaming Console
12.19.2. Desktop
12.19.3. Smartphone
12.20. Asia Pacific Virtual Reality in Gaming Market Attractiveness Analysis
12.20.1. By Component
12.20.2. By Device
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments

13. Middle East & Africa Virtual Reality in Gaming Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Virtual Reality in Gaming Market Overview
13.3. Middle East & Africa Virtual Reality in Gaming Market Value Share Analysis, By Component
13.4. Middle East & Africa Virtual Reality in Gaming Market Forecast, By Component
13.4.1. Gaming Hardware
13.4.2. Gaming Software
13.4.3. Content
13.5. Middle East & Africa Virtual Reality in Gaming Market Value Share Analysis, By Device
13.6. Middle East & Africa Virtual Reality in Gaming Market Forecast, By Device
13.6.1. Gaming Console
13.6.2. Desktop
13.6.3. Smartphone
13.7. Middle East & Africa Virtual Reality in Gaming Market Value Share Analysis, by Country
13.8. Middle East & Africa Virtual Reality in Gaming Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Virtual Reality in Gaming Market Analysis, by Country
13.10. GCC Virtual Reality in Gaming Market Forecast, By Component
13.10.1. Gaming Hardware
13.10.2. Gaming Software
13.10.3. Content
13.11. GCC Virtual Reality in Gaming Market Forecast, By Device
13.11.1. Gaming Console
13.11.2. Desktop
13.11.3. Smartphone
13.12. South Africa Virtual Reality in Gaming Market Forecast, By Component
13.12.1. Gaming Hardware
13.12.2. Gaming Software
13.12.3. Content
13.13. South Africa Virtual Reality in Gaming Market Forecast, By Device
13.13.1. Gaming Console
13.13.2. Desktop
13.13.3. Smartphone
13.14. Rest of Middle East & Africa Virtual Reality in Gaming Market Forecast, By Component
13.14.1. Gaming Hardware
13.14.2. Gaming Software
13.14.3. Content
13.15. Rest of Middle East & Africa Virtual Reality in Gaming Market Forecast, By Device
13.15.1. Gaming Console
13.15.2. Desktop

13.15.3.Smartphone

13.16. Middle East & Africa Virtual Reality in Gaming Market Attractiveness Analysis
13.16.1. By Component
13.16.2. By Device
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments

14. South America Virtual Reality in Gaming Market Analysis
14.1. Key Findings
14.2. South America Virtual Reality in Gaming Market Overview
14.3. South America Virtual Reality in Gaming Market Value Share Analysis, By Component
14.4. South America Virtual Reality in Gaming Market Forecast, By Component
14.4.1. Gaming Hardware
14.4.2. Gaming Software
14.4.3. Content
14.5. South America Virtual Reality in Gaming Market Value Share Analysis, By Device
14.6. South America Virtual Reality in Gaming Market Forecast, By Device
14.6.1. Gaming Console
14.6.2. Desktop
14.6.3. Smartphone
14.7. South America Virtual Reality in Gaming Market Value Share Analysis, by Country
14.8. South America Virtual Reality in Gaming Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Virtual Reality in Gaming Market Analysis, by Country
14.10. Brazil Virtual Reality in Gaming Market Forecast, By Component
14.10.1. Gaming Hardware
14.10.2. Gaming Software
14.10.3. Content
14.11. Brazil Virtual Reality in Gaming Market Forecast, By Device
14.11.1. Gaming Console
14.11.2. Desktop
14.11.3. Smartphone
14.12. Mexico Virtual Reality in Gaming Market Forecast, By Component
14.12.1. Gaming Hardware
14.12.2. Gaming Software
14.12.3. Content
14.13. Mexico Virtual Reality in Gaming Market Forecast, By Device
14.13.1. Gaming Console
14.13.2. Desktop
14.13.3. Smartphone
14.14. Rest of South America Virtual Reality in Gaming Market Forecast, By Component
14.14.1. Gaming Hardware
14.14.2. Gaming Software
14.14.3. Content
14.15. Rest of South America Virtual Reality in Gaming Market Forecast, By Device
14.15.1. Gaming Console
14.15.2. Desktop
14.15.3. Smartphone
14.16. South America Virtual Reality in Gaming Market Attractiveness Analysis
14.16.1. By Component
14.16.2. By Device
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.4. M&A by Regions, Investment and Applications
15.2.5. M&A Key Players, Forward Integration and Backward
15.2.6. Integration
15.3. Company Profiles: Key Players
15.3.1. Facebook technologies LLC
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Development Footprint
15.3.2. Unity Technologies
15.3.3. Google
15.3.4. Samsung Electronics
15.3.5. Sony
15.3.6. Electronics Art
15.3.7. HTC
15.3.8. Oculus VR
15.3.9. Leap Motion
15.3.10. VirZOOM
15.3.11. ZEISS International
15.3.12. NextVR Inc.
15.3.13. Firsthand Technology Inc.
15.3.14. Apple Inc.
15.3.15. bHaptics, Inc.
15.3.16. TESLASUIT/VR Electronics Limited
15.3.17. Nintendo Co Limited
15.3.18. Microsoft Corporation
15.3.19. GoPro
15.3.20. Largan Precision
15.3.21. Qualcomm

16. Primary Key Insights
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