Tactile VR Market Size

Tactile VR Market size was over USD 483.71 billion in 2023 and is set to reach USD 6.14 trillion by the end of 2036, growing at around 21.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of tactile VR is assessed at USD 567.3 billion.

The growth of the market can be attributed to upsurge demand and usage of robotics across various end use industries. Moreover, natural exploration along with continuous research and development activities in the field of virtual reality is expected to have a positive impact on the market. Tactile VR involves the combination of tactile material and virtual reality to explore the concept of tangible data. According to a recent data published by The International Federation of Robotics, almost 2 million new units of industrial robots are expected to be installed in factories across the globe from the year 2020 to 2022.