Virtual Reality Headset Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to virtual reality headset market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Virtual Reality Headset Market News

  • In July 2024, MediSim VR, a leading provider of virtual reality (VR)-based medical training solutions, announced the launch of the first-ever VR-based Center of Excellence for medical training at Sri Ramachandra Institute of Higher Education and Research (SRIHER) in Chennai, India. This initiative aims to revolutionize medical education by integrating immersive VR simulations into traditional training methods, providing students and healthcare professionals with a risk-free, interactive learning environment.
  • In June 2024, ARuVR announced the launch of the ARuVR GenAI portfolio, which helps auto-generate 3D assets, voice-over audio, and 360-degree images in real time. The suite has been developed to fast-track the development of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) content and solutions in a reduced timeline, which is from months to minutes.
  • In August 2024, Microsoft announced its ambitious plans to enter the mixed reality (MR) headset market, marking a significant step in its extended reality (XR) strategy. As part of this initiative, Microsoft signed a major supply agreement with Samsung Display to procure hundreds of thousands of micro-OLED panels, a critical component for the development of its upcoming MR headsets.
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Global Virtual Reality Headset Market size was valued at USD 10.15 Billion in 2023 and is poised to grow from USD 13.25 Billion in 2024 to USD 112.16 Billion by 2032, growing at a CAGR of 30.6% in the forecast period (2025-2032).

The competitive landscape of the global virtual reality headset industry is shaped by established tech giants, innovative startups, and industry-specific players driving advancements in hardware, software, and AI integration. Leading companies such as Meta (Oculus), Sony, HTC, Valve, and Apple dominate the market with high-end VR headsets, leveraging cutting-edge display technology, AI-driven processing, and immersive features. Meta’s Quest series remains a frontrunner in standalone VR, while Sony’s PlayStation VR caters to the gaming community. 'Meta (Oculus)', 'Sony', 'HTC', 'Valve', 'Apple', 'Pimax', 'Varjo', 'Pico Interactive (ByteDance)', 'Microsoft (HoloLens)', 'Samsung', 'Lenovo', 'Qualcomm', 'Magic Leap', 'DPVR', 'HP Inc.'

The growing adoption of virtual and mixed reality (VR/MR) headsets across industries such as gaming, healthcare, education, and enterprise collaboration is a key driver of global virtual reality headset market growth. Companies are leveraging immersive simulations to enhance training, product design, and remote collaboration. In healthcare, VR-based medical training and therapy are becoming essential tools for professionals, while in education, virtual classrooms are revolutionizing traditional learning methods. The gaming industry remains a dominant force, with VR content becoming increasingly interactive and realistic, driving further demand for high-quality headsets.

How is VR Being Integrated into Industries Beyond Gaming in North America?

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Global Virtual Reality Headset Market
Virtual Reality Headset Market

Report ID: SQMIG45H2081

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