Market Insights Consumer Consumer Electronics Gaming Equipment

VR Headsets - India

India

In 2024, the VR Headsets market in India is projected to generate a revenue of US$117.3m.
This market segment is expected to experience an annual growth rate of 8.06% (CAGR 2024-2029).
When compared globally, in China leads the pack with a revenue of US$3,169.0m in 2024.
Calculated in relation to India's total population, the per person revenue in the VR Headsets market is estimated to be US$0.08 in 2024.
Looking ahead, the volume of the VR Headsets market in India is anticipated to reach 467.00k pieces units by 2029.
Furthermore, there is an expected volume growth of 9.6% in 2025.
On an individual level, the average volume per person in the VR Headsets market in India is predicted to be 0.000pieces units in 2024.
India is experiencing a surge in demand for VR headsets as the technology gains popularity in the country's entertainment and gaming industries.

Key regions: Canada, India, Europe, United States, United Kingdom

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us 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 relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.