Virtual Reality Market Dynamics, Landscape And Latest Trends Report 2030
Virtual Reality Market Growth & Trends The global virtual reality market size is expected to reach USD 87.0 billion by 2030, according to the latest report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.0% from 2022 to 2030. The rapid penetration of Head-Mounted Display (HMD) in various industries, particularly in entertainment and gaming, has led to significant market growth. Additionally, the advent of 5G technology has positively impacted the adoption of virtual technology. Virtual Reality Market Segmentation Grand View Research has segmented the global virtual reality market on the basis of device, technology, component, application, and region: Based on the Device Insights, the market is segmented into Head-mounted Display (HMD), Gesture-tracking Device (GTD), Projectors & Display Wall (PDW). The head-mounted display (HMD) device segment accounted for the largest revenue share of over 60.0% in 2021 and is expected to domina...