The Location-Based Virtual Reality (VR) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Location-Based Virtual Reality (VR) Market?
The size of the location-based Virtual Reality (VR) global market has seen significant growth over the last few years. The market grew from $6.77 billion in 2024 to $9.00 billion in 2025, achieving a compound annual growth rate (CAGR) of 32.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Location-Based Virtual Reality (VR) Industry?
The global market for location-based virtual reality (VR) is expected to grow to $27.83 billion by 2029, with a compound annual growth rate (CAGR) of 32.6%.
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What are the Key Growth Drivers Fueling the Location-Based Virtual Reality (VR) Market?
The key drivers in the location-based virtual reality (vr) market are:
• Rising adoption of VR for corporate team-building
• Increasing government support for digital innovation
• Increasing affordability of VR hardware
• Rise in 5G deployment enabling low-latency experiences.
Global Market Segmentation: Identifying Major Location-Based Virtual Reality (VR) Industry Segments
The location-based virtual reality (VR) market covered in this report is segmented –
1) By Type: Head-Mounted Displays, Handheld Devices, Smart Glasses, Controllers
2) By Technology: Two-Dimensional (2D), Three-Dimensional (3D)
3) By Content: 360-Degree Videos, 360-Degree Images, Augmented Reality, Mixed Reality
4) By Application: Virtual Reality (VR) Arcades, Virtual Reality (VR) Theme Parks, Virtual Reality (VR) Cinemas
5) By End-Use: Gaming, Entertainment, Travel, Education, Healthcare
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What are the Emerging Trends Shaping the Future of the Location-Based Virtual Reality (VR) Market?
The key trends in the location-based virtual reality (vr) market are:
• Advances in wireless and 5G connectivity are shaping the future of the Location-Based VR market.
• Advanced motion tracking technologies are becoming prominent in this industry.
• Integration of cloud technology for seamless updates is an emerging trend.
• There is an uptrend in the integration of Artificial Intelligence (AI) for personalized VR experiences.
Who Are the Top Competitors & Leading Players in the Location-Based Virtual Reality (VR) Market?
Major players in the location-based virtual reality (vr) market are:
• Meta Platforms Inc.
• IMAX Corporation
• HTC Corporation
• Matterport Inc.
• Varjo Technologies Oy
• EON Reality Inc.
• Survios Inc.
• Magnopus LLC
• The VOID LLC
• HOLOGATE GmbH
• Pure Imagination Studios Inc.
• Virtuix Inc.
• Dreamscape Immersive Inc.
• Sandbox VR Inc.
• Immotion Group PLC
• Arcadia Earth LLC
• 360 Labs LLC
• Holoride GmbH
• Tyffon Inc.
• HQSoftware Industrial Ltd.
• Positron Inc.
• EXIT VR
Regional Dominance: Which Area Leads the Global Location-Based Virtual Reality (VR) Market?
North America was the largest region in the location-based virtual reality (VR) market in 2024
