Europe Virtual Reality Gaming Market Report by Segment (Software, Hardware), Device (Personal Computers, Gaming Consoles, Mobile Devices), Age Group (Adults, Children), Types of Games (Racing, Adventure, Fighting, Shooting, Mystery Thriller, Puzzle, Science Fiction, and Others), and Country 2024-2032

Europe Virtual Reality Gaming Market Report by Segment (Software, Hardware), Device (Personal Computers, Gaming Consoles, Mobile Devices), Age Group (Adults, Children), Types of Games (Racing, Adventure, Fighting, Shooting, Mystery Thriller, Puzzle, Science Fiction, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3039
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Market Overview:

The Europe virtual reality gaming market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.6 Billion by 2032, exhibiting a growth rate (CAGR) of 15.4% during 2024-2032. 

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 7.3 Billion
Market Forecast in 2032
US$ 27.6 Billion
Market Growth Rate 2024-2032 15.4%


Virtual reality (VR) gaming offers individuals a three-dimensional (3D) environment to experience during a game. It includes 3D images that can be explored interactively on computing devices using a touchscreen mouse and keys. Nowadays, more immersive and sophisticated versions of these games, which involve wraparound displays, VR headsets and VR rooms with wearable computers and other sensory components, are readily available in Europe.

 

 
 

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360-degree videos that allow users to watch through every angle, along with an option to rotate and pan as per the requirement, are gaining traction among the young population. This, in confluence with the escalating demand for realistic gaming experiences, represents one of the key factors bolstering the VR gaming market growth in Europe. Apart from this, leading companies are investing in research and development (R&D) activities to launch advanced products and expand their existing consumer base in the region. For instance, VR Electronics Limited, a UK-based company, recently introduced a full-body VR suit and software suite to improve movement, reflexes and instincts of the mind and the body. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe virtual reality gaming market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on segment, device, age group and types of games.

Breakup by Segment:

 

 
 

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  • Software
  • Hardware
     

Breakup by Device:

Breakup by Age Group:

  • Adults
  • Children
     

Breakup by Types of Games:

  • Racing
  • Adventure
  • Fighting
  • Shooting
  • Mystery Thriller
  • Puzzle
  • Science Fiction
  • Others
     

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Segment, Device, Age Group, Types of Games, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The Europe virtual reality gaming market was valued at US$ 7.3 Billion in 2023.

We expect the Europe virtual reality gaming market to exhibit a CAGR of 15.4% during 2024-2032.

The increasing popularity of location-based entertainment, along with the rising adoption of advanced laptops and PCs, that provide detailed virtual environments and game options, is primarily driving the Europe virtual reality gaming market.

The sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across Europe resulting in the rising demand for virtual reality gaming systems as a means of indoor entertainment.

Based on the segment, the Europe virtual reality gaming market has been segmented into software and hardware. Currently, hardware holds the majority of the total market share.

Based on the device, the Europe virtual reality gaming market can be divided into personal computers, gaming consoles, and mobile devices. Among these, personal computers currently exhibit a clear dominance in the market.

Based on the age group, the Europe virtual reality gaming market has been categorized into adults and children. Currently, adults account for the largest market share.

Based on the types of games, the Europe virtual reality gaming market can be segregated into racing, adventure, fighting, shooting, mystery thriller, puzzle, science fiction, and others. Among these, shooting exhibits a clear dominance in the market.

On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the market.

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Europe Virtual Reality Gaming Market Report by Segment (Software, Hardware), Device (Personal Computers, Gaming Consoles, Mobile Devices), Age Group (Adults, Children), Types of Games (Racing, Adventure, Fighting, Shooting, Mystery Thriller, Puzzle, Science Fiction, and Others), and Country 2024-2032
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