The global AR/VR devices market is being redefined by growing demand from both consumers and enterprises, valued at USD 48.6 billion in 2024 and projected to grow at a CAGR of 12.1% through 2032. Gaming, healthcare, education, retail, and enterprise collaboration have emerged as the core sectors fueling adoption of AR headsets, VR headsets, mixed reality devices, and smart glasses. Asia-Pacific has become the leading growth hub, with China, India, and Southeast Asia registering 16% annual growth in AR/VR device exports—nearly double the pace of global electronics trade. Meanwhile, North America and Europe continue to dominate premium device design, patents, and high-value exports, while Asia-Pacific strengthens its role as a mass adoption and manufacturing powerhouse.
AR/VR Devices overview
Published by MMR Statistics Research Team, Updated