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Global virtual reality (VR) headset market is expected to reach $38.7 billion by 2024

DALLAS, May 16, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global virtual reality headset market looks promising with opportunities in the gaming & entertainment, real estate, healthcare, retail, and military market. The global virtual reality (VR) headset market is expected to reach an estimated $38.7 billion by 2024 with a CAGR of 41.0% from 2019 to 2024. The major drivers for this market are increasing penetration of virtual reality content in gaming, sports, and entertainment and growing demand for VR headset in health care and retail sectors.

Browse 95 market data tables and 125 figures spread through 195 pages and in-depth TOC on “Global Virtual Reality Headset Market"

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In this market, different types of virtual reality (VR) headset such as standalone, smartphone enabled and PC-connected are used as headset type. On the basis of its comprehensive research, Lucintel forecasts that the smartphone enabled virtual reality headset will remain the largest segment and it is also expected to witness the highest growth due to increasing demand for smartphones gaming.

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North America will remain the largest region due to rising demand for VR games, specifically Raw Data & Resident Evil 7 among others, and growing investment by leading technology companies.

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Emerging trends, which have a direct impact on the dynamics of the virtual reality headset industry, include the introduction of attractive, sleek, and convenient VR headsets and the development of artificial intelligence incorporated VR headsets. Sony, HTC, Samsung Electronics, Facebook and Google and others are among the major virtual reality headset manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed and forecasted for the global virtual reality headset market by headset type, application, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global Virtual Reality Headset Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at

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