Metaverse AR & VR Hardware - Egypt

In 2024, the projected value of the Metaverse AR & VR Hardware market is expected to reach US$2.7m .
This market segment is anticipated to exhibit a compound annual growth rate (CAGR 2024-2030) of 12.64%, resulting in a projected market volume of US$5.6m by 2030.
in Egypt, being an integral player in this market, is expected to contribute significantly to its value.
The United States is projected to generate the highest market volume, with an estimated value of US$405.0m in 2024.
This highlights the dominance of the US market within the Metaverse AR & VR Hardware market.
Looking at user statistics, the number of users is expected to reach 57.4k users by 2030.
User penetration, which is the proportion of users in the population, is projected to be 0.0% in 2024 and is expected to rise to 0.0% by 2030.
These figures indicate a gradual increase in user adoption of Metaverse AR & VR Hardware market.
Furthermore, the average value per user, also known as the average revenue per user (ARPU), is expected to be US$87.2 .
This metric reflects the average spending or value generated by each user in the Metaverse AR & VR Hardware market.
In summary, the Metaverse AR & VR Hardware market is poised for significant growth, with a projected value of US$2.7m in 2024 and an expected market volume of US$5.6m by 2030.
Egypt's participation in this market is essential, and United States currently leads in terms of market volume.
The number of users and user penetration are also expected to increase, contributing to the overall growth of the market.
The average value per user stands at US$87.2 , indicating the potential for revenue generation in this market segment.
Egypt is experiencing a growing demand for Metaverse AR & VR Hardware, with increased interest from local businesses and consumers.

Definition:

The AR (augmented reality) and VR (virtual reality) market refers to the physical devices used to access and interact with virtual reality environments, including both augmented and virtual worlds. As discussed here, this market includes headsets and/or glasses for AR and VR devices.

Structure:

AR & VR Hardware includes two markets, namely AR Hardware and VR Hardware. AR Hardware refers to headsets or glasses that are used to create augmented reality inferences between the real and virtual world. VR Hardware mainly refers to headsets that aim to create a virtual world for consumers.

Additional Notes:

The market comprises market sizes, users, average revenue per user, and penetration rates. Market sizes are generated through consumer spending on hardware such as headsets and glasses. Data shows both online and offline market sizes. Market numbers for VR headsets are also featured in the Consumer Market Insights, namely in the Gaming Equipment market of the Consumer Electronics market and the AR & VR Hardware market in the Advertising & Media Insights. Key players in the market include companies such as Meta (Oculus VR), Microsoft (HoloLens), and Playstation VR.

Use the info button right next to the boxes for more information on the data displayed.

Augmented Reality Glasses used for metaverse experience, such as HoloLens
Virutal Reality headsets used for metaverse experience, such as Oculus Quest

Augmented Reality Glasses used for non metaverse experience, such as HoloLens
Virutal Reality headsets used for non metaverse experience, such as Oculus Quest
Non-electronic devices, such as mobile phone equipment

The Metaverse AR & VR Hardware market in Egypt is witnessing significant growth and development due to several key factors. Customer preferences in Egypt are shifting towards immersive and interactive experiences, which has led to an increased demand for AR and VR hardware.

Consumers are seeking innovative ways to engage with digital content, and AR and VR technologies provide a unique and captivating experience. The ability to explore virtual worlds, interact with digital objects, and participate in virtual events has become increasingly popular among Egyptian consumers. Trends in the market indicate that there is a growing adoption of AR and VR hardware in various industries in Egypt.

The education sector, for example, is leveraging these technologies to enhance the learning experience and provide students with immersive educational content. Additionally, the entertainment industry is incorporating AR and VR technologies to create immersive gaming experiences and virtual theme parks. The healthcare sector is also utilizing AR and VR hardware for training purposes and to improve patient care.

Local special circumstances in Egypt contribute to the development of the Metaverse AR & VR Hardware market. The country has a young and tech-savvy population, which is driving the demand for AR and VR technologies. Furthermore, Egypt has a growing startup ecosystem that is focused on developing innovative AR and VR solutions.

These startups are collaborating with local businesses and organizations to create unique experiences and drive the adoption of AR and VR hardware in the market. Underlying macroeconomic factors also play a role in the growth of the Metaverse AR & VR Hardware market in Egypt. The country's economy is experiencing steady growth, which has led to an increase in disposable income and consumer spending.

This allows consumers to invest in AR and VR hardware and explore the possibilities of immersive technologies. Additionally, the government of Egypt is actively supporting the development of the technology sector, which includes AR and VR technologies. This support includes providing incentives and creating favorable policies to attract investment in the industry.

In conclusion, the Metaverse AR & VR Hardware market in Egypt is growing due to customer preferences for immersive experiences, the adoption of AR and VR technologies in various industries, local special circumstances, and underlying macroeconomic factors. The market is expected to continue expanding as more consumers and businesses recognize the potential of AR and VR hardware in enhancing their digital experiences.

Data coverage:

Figures are based on in-app spending, consumer spending, online and offline sales, and data from the AR & VR market in the AMI.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use reports, third-party studies, and research companies. Next, we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, and internet penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are consumer spending per capita, level of digitalization, and cloud revenues.

Additional Notes:

The market is updated twice per year in case market dynamics change. Consumer Insights data is unbiased for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

Regarded as the next iteration of the internet, the metaverse is where the physical and digital worlds come together. As an evolution of social technologies, the metaverse allows digital representations of people, avatars, to interact with each other in a variety of settings. Whether it be at work, in an office, going to concerts or sports events, or even trying on clothes, the metaverse provides a space for endless, interconnected virtual communities using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps, or other devices.