The global industry segment involved in the development, production, distribution, and commercialization of VR technologies that create immersive, computer-generated environments where user can interact with digital content in a simulated 3D space using specialized devices is known as the virtual reality market. These include massive VR hardware, VR software and platforms, and VR content and services across sectors like gaming, entertainment, healthcare, education, real estate, tourism, and industrial training.

The global industry segment involved in the development, production, distribution, and commercialization of VR technologies that create immersive, computer-generated environments where user can interact with digital content in a simulated 3D space using specialized devices is known as the virtual reality market. These include massive VR hardware, VR software and platforms, and VR content and services across sectors like gaming, entertainment, healthcare, education, real estate, tourism, and industrial training.

The global industry segment involved in the development, production, distribution, and commercialization of VR technologies that create immersive, computer-generated environments where user can interact with digital content in a simulated 3D space using specialized devices is known as the virtual reality market. These include massive VR hardware, VR software and platforms, and VR content and services across sectors like gaming, entertainment, healthcare, education, real estate, tourism, and industrial training. Government support plays an important role in promoting the growth of the VR market through funding for research and development, innovation grants, digital infrastructure investments, and policies encouraging emerging technologies. For example, In November 2022, China’s 5-year NVRIAP target shipment of 25 million VR devices by 2026, expected VR industry value CNY 350 billion, and development of 10 public service platforms and 100 key VR enterprises, strengthening the VR technology ecosystem.