The global VR devices market, valued at USD 52.8 billion in 2024, is rapidly transforming the consumer electronics landscape, emerging as a cornerstone of immersive experiences. Driven by AR/VR gaming and enterprise training solutions, the market is expected to expand at a CAGR of 11.5%. Technological advancements in AI-powered motion tracking, high-resolution displays, haptic feedback, and wireless VR headsets are accelerating consumer demand. The Asia-Pacific region leads the charge, fueled by significant growth in China, India, and South Korea, where VR device imports and exports rose 16% year-over-year, outperforming the global growth average of 10%. Meanwhile, North America and Europe continue to dominate the design and development of premium VR headsets, while Asia-Pacific increasingly relies on imported sensors, LiDAR modules, and micro-displays to meet rising market needs.
VR Devices overview
Published by MMR Statistics Research Team, Updated