Virtual Reality

• The consumer gaming industry will reach a value of $198 billion by 2024, not including sales from hardware and devices, augmented reality, virtual reality and advertising.
• VR gaming, VR video / feature viewing, and AR gaming make up the three largest consumer use cases for augmented and virtual reality, with 20.8 billion U.S. dollars expected to be spent in 2023.
• Virtual reality and augmented reality have the potential to deliver a £1.4 trillion boost to the global economy by 2030.
• The market for virtual reality and AR in the healthcare sector was estimated to be around $2.14 billion in 2018 and is projected to reach $11.14 billion by 2025.
• The AR healthcare market is expected to generate approximately US$ 10 billion in revenues with the VR Healthcare market reaching US$ 1.2 billion in 2024.
• By 2024, the market size of AR/VR products will reach 165 billion US dollars, or over one trillion yuan (CNY), and grow at high speed of 80%.
• Today, 171 million people are using VR technology; The combined market of AR/VR is expected to reach $16.8 billion in 2019; VR gaming revenue is forecast to touch $22.9 billion by 2020.
• The global AR and VR market in healthcare is projected to hit 10.82 billion U.S. dollars by 2025.
• The market size of consumer virtual reality hardware and software is set to spike from 6.2 billion US dollars to more than 16 billion U.S. dollars by 2022.
• Virtual reality within businesses is set to reach greater heights, as its revenue is projected to grow from $829 million in 2018 to $4.26 billion in 2023.
• While the world is approaching 2021, augmented reality and virtual reality will continue to have an optimal impact on industries.
• The global spending on Augmented Reality and Virtual Reality will see a 78.5% growth and will rise to as much as 18.8 billion dollars.
• The augmented reality and virtual reality market is poised to grow by $125.19 billion during 2020-2024, progressing at a CAGR of over 35% during the forecast period.
• Worldwide spending on commercial virtual reality solutions inclusive of hardware, software, and services will grow to $7.1 billion in 2020, up from $4.5 billion in 2019.
• The global market for augmented reality and virtual reality is estimated to offer an incremental growth opportunity of about US$ 115 billion (€96 billion) during the mentioned forecast period.
• The global augmented reality and virtual reality (VR) market in healthcare is expected to reach $10.82 B by 2025.
• The virtual reality (VR) industry is growing at a startling pace: consumer VR hardware and software markets are projected to be worth over $16 billion by 2020.
• Shipments of augmented reality (AR) and virtual reality (VR) headsets are projected to experience a year-over-year decline of 10.5% in Q1 2020, followed by a decline of 24.1% in the second quarter of the year.
• China, the world second largest economy, is forecast to reach an estimated Virtual Reality (VR) In Healthcare market size of US$ 369.4 Million in the year 2027 trailing a CAGR of 29.6% through 2027.
• The U.S. accounts for Over 30.1% of Global Virtual Reality (VR) In Healthcare Market Size in 2020, While China is Forecast to Grow at a 29.6% CAGR for the Period of 2020-2027.
• The global virtual reality in gaming market size is expected to reach USD 92.31 billion by 2027, expanding at a CAGR of 30.2% over the forecast period.
• Global Augmented and Virtual Reality (AR VR) market - Report defines the vital growth factors, opportunities and market segment of top players during the forecast period from 2019 to 2025.

Last updated: 29 November 2020