Global Virtual Reality market [2016-2027] by Europe

Growth Outlook

• The 2027] by Europe portion of the Global Virtual Reality market [2016 market is on a steady long-term growth path. Segment value stands at roughly USD 36 Bn in 2026 and is projected to reach USD 45 Bn by 2027 — a gain of about 27% over the forecast period, translating to a CAGR in the double digits.
• Germany accounted for the largest market share in 2017 in the Europe virtual reality market, and is expected to reach USD 7. 86 Billion in 2027 from USD 0.
• What the regional split looks like (2026): Europe leads, holding roughly 50% of segment value — the single largest regional share. Germany is the second-largest contributor. United Kingdom, France, Italy and Rest of Europe make up the remainder, in descending order.
• By 2027, Europe alone is expected to reach USD 23 Bn, with Germany at USD 8 Bn.

Market Dynamics

Germany accounted for the largest market share in 2017 in the Europe virtual reality market, and is expected to reach USD 7.86 Billion in 2027 from USD 0.34 Billion in 2017. However, France is the fastest growing market, which is expected to grow at a CAGR of 38.85% during the forecast period 2018 - 2027. hardware segment accounted for the larger market share in 2017, this market is expected to reach USD 16.08 Billion in 2027 from USD 0.81 Billion in 2017. This market is projected to grow at a CAGR of 34.58% during the forecast period from 2018 - 2027. However, software segment is the fastest growing market, which is expected to grow at a CAGR of 38.45% during the forecast period 2018 - 2027. head mounted displays segment accounted for the largest market share in 2017, this market is expected to reach USD 10.77 Billion in 2027 from USD 0.52 Billion in 2017. This market is projected to grow at a CAGR of 35.06% during the forecast period from 2018 - 2027.

However, gesture tracking devices segment is the fastest growing market, which is expected to grow at a CAGR of 38.11% during the forecast period 2018 - 2027. non immersive segment accounted for the largest market share in 2017, this market is expected to reach USD 5.88 Billion in 2027 from USD 0.38 Billion in 2017. This market is projected to grow at a CAGR of 31.21% during the forecast period from 2018 - 2027. However, fully immersive segment is the fastest growing market, which is expected to grow at a CAGR of 38.32% during the forecast period 2018 - 2027. consumer electronics segment accounted for the largest market share in 2017, this market is expected to reach USD 7.79 Billion in 2027 from USD 0.26 Billion in 2017. This market is projected to grow at a CAGR of 40.29% during the forecast period from 2018 - 2027. However, consumer electronics segment is the fastest growing market, which is expected to grow at a CAGR of 40.29% during the forecast period 2018 - 2027.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.