Market Insights Consumer Consumer Electronics Gaming Equipment

VR Headsets - Worldwide

Worldwide

The VR Headsets market worldwide is projected to generate a revenue of US$9.9bn in 2024.
It is expected to experience an annual growth rate of 3.17% (CAGR 2024-2029).
When compared globally, in China emerges as the top revenue generator, with a revenue of US$3,169.0m in 2024.
In terms of per capita revenue, the VR Headsets market is estimated to generate US$1.28 per person in 2024.
Looking ahead, the volume of the VR Headsets market is anticipated to reach 27.70m pieces units by 2029.
In 2025, the market is expected to witness a volume growth rate of 5.5%.
Moreover, the average volume per person in the VR Headsets market is projected to be 0.000pieces units in 2024.
Virtual reality headsets are gaining popularity worldwide, with countries like the United States leading the market in terms of adoption and innovation.

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

Market

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Region comparison

Currency

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.