Virtual Reality Market Size

Virtual Reality Market size was USD 49.1 billion in 2024 and is estimated to reach USD 436.3 billion by the end of 2037, expanding at a CAGR of 22.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of virtual reality is evaluated at USD 60.2 billion.

The global virtual reality (VR) sales are set to increase at a rapid pace between 2025 to 2037. The rising production capacities for head-mounted displays (HMDs), sensors, and integrated circuit chips are heavily relying on raw materials such as optical-grade plastics, rare-earth magnets, and semiconductor substrates. According to the analysis by the U.S. International Trade Commission (USITC), the VR-related imports under HTS Code 9504 increased by 60.2% YoY in 2023. The same source also states that China captured 67.5% of inbound supply volumes. The gaming trend is poised to fuel the demand for virtual reality technologies.

The supply chain dynamics are estimated to influence the VR component pipeline in the coming years. According to the U.S. Bureau of Labor Statistics (BLS), the producer price index of electronic computer manufacturing reached 2.1% year-over-year in the first quarter of 2024. The prime driving factors were high fabrication costs for microprocessors and camera modules used in VR headsets. The BLS also reveals that in March 2024, the consumer price index for video and audio equipment increased by 1.9%. These statistics underscore that original equipment manufacturers (OEMs) are expected to maintain competitive pricing and market share in the years ahead.