Europe Virtual Reality Market Report by Device Type (Head-Mounted Display, Gesture-Tracking Device, Projectors and Display Wall), Technology (Semi and Fully Immersive, Non-Immersive), Component (Hardware, Software), Application (Aerospace and Defense, Consumer, Commercial, Enterprise, Healthcare, and Others), and Country 2024-2032

Europe Virtual Reality Market Report by Device Type (Head-Mounted Display, Gesture-Tracking Device, Projectors and Display Wall), Technology (Semi and Fully Immersive, Non-Immersive), Component (Hardware, Software), Application (Aerospace and Defense, Consumer, Commercial, Enterprise, Healthcare, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A11020
Buy Now

Market Overview:

The Europe virtual reality market size is projected to exhibit a growth rate (CAGR) of 32% during 2024-2032. The increasing product demand for better user experiences, advancements in VR hardware and software, increasing enterprise applications, supportive government initiatives, and growing ecosystem of VR content represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate 2024-2032 32%


Virtual reality (VR) is a cutting-edge technology that creates immersive simulated environments through a combination of hardware and software. It allows users to experience and interact with lifelike, three-dimensional settings that mimic the real world or can be entirely fictional. VR typically involves wearing a headset that tracks head movements and adjusts the visual display accordingly, effectively transporting users into a digital realm. In a VR environment, users perceive themselves as being physically present within the simulated space, enabling them to explore and interact with the surroundings in a highly realistic manner. This is achieved through the synchronization of visual, auditory, and sometimes haptic (touch-based) feedback. The technology has diverse applications across industries, including gaming, education, healthcare, architecture, and training.

Europe Virtual Reality Market Trends:

Europe’s tech-savvy population is displaying a strong appetite for immersive experiences. From entertainment and gaming to virtual tourism and social interactions, consumers are seeking more engaging and realistic encounters, propelling the demand for VR solutions. Additionally, healthcare, automotive, real estate and education sectors are embracing VR for training, simulation, design visualization, and remote collaboration. The efficiency gains, cost savings, and enhanced learning opportunities offered by VR are compelling businesses to integrate the technology into their operations. Other than this, the availability of diverse and captivating VR content is a key driver of adoption. Europe's content creators, including game developers, filmmakers, and educational institutions, are producing a wide array of immersive experiences that cater to various interests and demographics. Besides this, VR arcades, theme parks, and immersive entertainment centers are gaining popularity across Europe. These venues offer the public a chance to experience high-quality VR content that may not be accessible in their homes, driving curiosity and interest in the technology. In line with this, schools and universities across Europe are recognizing the potential of VR to enhance learning outcomes. Immersive educational content allows students to engage with subjects in a more interactive and memorable manner, spurring its adoption in educational institutions. Furthermore, the continuous evolution of VR hardware, such as headsets and controllers, along with sophisticated software development, has led to more seamless and realistic virtual experiences. This technological progress is reducing barriers to entry and driving wider adoption across Europe. Moreover, numerous European governments are recognizing the potential of VR to drive innovation and economic growth by funding research and development projects, providing incentives to VR startups, and fostering cross-industry collaboration to harness VR's potential across sectors.

Europe Virtual Reality Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Europe virtual reality market report, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on device type, technology, component, application.

Device Type Insights:

  • Head-Mounted Display
  • Gesture-Tracking Device
  • Projectors and Display Wall
     

The report has provided a detailed breakup and analysis of the market based on the device type. This includes head-mounted display, gesture-tracking devices, and projectors and display wall.

Technology Insights:

  • Semi and Fully Immersive
  • Non-Immersive
     

A detailed breakup and analysis of the market based on technology has also been provided in the report. This includes semi and fully immersive and non-immersive.

Component Insights:

  • Hardware
  • Software
     

The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware and software.

Application Insights:

  • Aerospace and Defense
  • Consumer
  • Commercial
  • Enterprise
  • Healthcare
  • Others
     

A detailed breakup and analysis of the market based on application has also been provided in the report. This includes aerospace and defense, consumer, commercial, enterprise, healthcare, and others.

Country Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, France, the United Kingdom, Italy, Spain, Others.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Europe Virtual Reality Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Device Type
  • Technology
  • Component
  • Application
  • Country
Device Types Covered Head-Mounted Display, Gesture-Tracking Device, Projectors and Display Wall
Technologies Covered Semi and Fully Immersive, Non-Immersive
Components Covered Hardware, Software
Applications Covered Aerospace and Defense, Consumer, Commercial, Enterprise, Healthcare, Others
Countries Covered Germany, France, the 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:

  • How has the Europe virtual reality market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Europe virtual reality market?
  • What is the breakup of the Europe virtual reality market on the basis of device type?
  • What is the breakup of the Europe virtual reality market on the basis of technology?
  • What is the breakup of the Europe virtual reality market on the basis of the component?
  • What is the breakup of the Europe virtual reality on the basis of the application?
  • What are the various stages in the value chain of the Europe virtual reality market?
  • What are the key driving factors and challenges in the Europe virtual reality market?
  • What is the structure of the Europe virtual reality market and who are the key players?
  • What is the degree of competition in the Europe virtual reality market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe virtual reality market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the Europe virtual reality market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe virtual reality industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Europe Virtual Reality Market Report by Device Type (Head-Mounted Display, Gesture-Tracking Device, Projectors and Display Wall), Technology (Semi and Fully Immersive, Non-Immersive), Component (Hardware, Software), Application (Aerospace and Defense, Consumer, Commercial, Enterprise, Healthcare, and Others), and Country 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More