5G Virtual Reality Market Analysis

The market is segmented by end user into consumer, commercial and industrial, out of which, the consumer segment is anticipated to hold the largest share in the 5G virtual reality market on account of the increasing adoption of virtual reality technologies in training, entertainment, gaming, scientific and education sectors across the globe. Additionally, on the basis of offering, the segment for hardware is assessed to acquire the largest share during the forecast period, which can be credited to the fact that synchronizing and combining real world and user motions with a digital world require plenty of graphical rendering processes. Apart from these, high bandwidth and ultra-low latency are crucial for the usage of 5G in VR technologies, which is considered to drive the growth of this market segment in the future.

Our in-depth analysis of the global market includes the following segments:

By Offering	Hardware Full Feature Devices Hardware Components Software Service
By End User	Consumer Commercial Industrial

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of 5G virtual reality is evaluated at USD 4.27 billion.

5G Virtual Reality Market size was valued at USD 3.28 billion in 2023 and is expected to exceed USD 213.9 billion by 2036, registering over 37.9% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing demand for superior data connectivity and high-speed internet and rising technological innovations in virtual reality technology.

Asia Pacific is anticipated to account for largest revenue share by 2036, on the back of increasing penetration of internet and portable smart devices such as smartphones, tablets and laptops, and growing technological advancements in the ICT sector.

The major players in the market are Google LLC, Integrated Device Technology Inc, Intel Corporation, Leap Motion, Inc., LG Corporation, and others.

5G Virtual Reality Market Analysis