You are currently viewing Report: By 2033, the market for virtual reality headsets for tourists will be worth USD 994 million.

Report: By 2033, the market for virtual reality headsets for tourists will be worth USD 994 million.

According to a Tourist Virtual Reality Headsets Market Soars as Travellers Seek Enhanced Immersive Travel Experiences; Future Market Insights Report, the market for tourist virtual reality headsets was valued at USD 610.0 million in 2023 and is projected to grow at a rate of 5.0% annually to reach USD 994.4 million by 2033.

Virtual reality video and virtual reality photography are the two main virtual reality technologies used in virtual reality tourism. Virtual reality is very different from a typical video but functions similarly to one. The user can explore the entire scene while watching the virtual reality video. It is recorded with specialised cameras that are frequently referred to as omnidirectional cameras. Every angle of the scene is captured by the camera. Additionally, these videos are transformed into stereoscopic or monoscopic virtual travel videos.

Regular devices like phones and computers can be used to view the monooscopic videos. To explore the scene, the viewer can drag across the screen. Videos made for virtual reality headsets are stereoscopic. They feature gesture tracking and an immersive travel experience.

360-view images are also used in virtual reality photography. This technology is used by major hotel chains like Marriott and Hilton as well as travel agencies to draw customers. The market for virtual reality headsets for tourism is fueled in part by virtual reality’s features.

Global Tourist Virtual Reality Headsets Outlook from 2018 to 2022 Compared to Forecast from 2023 to 2033

Due to growing consumer awareness, improved accessibility, and advancements in virtual reality technology, the market saw a sharp increase in the use of virtual reality headsets by tourists between 2018 and 2022. Tourists have embraced the immersive and interactive features of virtual reality, which allow them to virtually explore destinations, historical sites, and cultural experiences, adding a new dimension to their travel experiences.

The market for virtual reality headsets for tourists is anticipated to expand further. Market growth is anticipated as virtual reality technology continues to advance, making headsets more sophisticated, portable, and user-friendly. The growing demand for virtual reality headsets among tourists is also anticipated to be fueled by the popularity of virtual reality content tailored specifically for the travel industry, such as virtual tours, travel documentaries, and interactive experiences.

Partnerships between manufacturers of virtual reality headsets and travel agencies present opportunities for market expansion during the forecast period. Travel agencies can offer distinctive and immersive experiences to their clients by incorporating virtual reality activities into their offerings, which will increase tourist demand for VR headsets.

Global Reach of Virtual Reality to Boost Demand for International Visitors Virtual Reality Headsets Market

Travellers can view and experience challenging or impossibly difficult adventures with the aid of virtual reality. The travellers have the chance to visit locations that are unfamiliar or challenging for a traveller to reach. For instance, a person who is unable to swim can experience aquatic life underwater or take a city tour from the air by skydiving.

It is cost-effective and enables travellers on a tight budget to travel abroad while staying at home. Additionally, a traveller can visit numerous locations repeatedly with the aid of technology. Last but not least, sharing travel aspirations is advantageous for the elderly and the disabled. As a result, there is a demand for virtual reality equipment in the tourism sector because virtual reality in tourism can accommodate different types of travellers.

Convenient Use of VR Equipment to Create Market Opportunity for the Global VR Headsets for Tourists

Users of virtual reality headsets can stay put while using technology to enjoy the location or activity. The user’s features are improved by stereo sound, an outdated display, adjustments, and build quality. The demand for virtual reality headsets is driven by the viability of using such technology and growing trends for virtual tours.

While virtual tours are not as effective as physical tours, they are more detailed and offer the user the opportunity to enjoy them repeatedly. Virtual tours also aid in providing a thorough overview of the tours available on the website.

The website is interactive and simple to use on mobile devices thanks to the 360-degree images and videos. The market for tourist virtual reality headsets has opportunities due to the device’s simplicity of use and interactive touch.

With a 6.2% CAGR, virtual tours are what are driving the market for tourist virtual reality headsets in India.

There are numerous cultures, monuments, forts that date back centuries, and museums to explore in India. People travel to India to study and explore these locations from all over the world. Millions of tourists visit India each year. However, many people are unable to visit India due to the pandemic effect and lack of affordable travel options. As a result, virtual reality headsets enable tourists to explore India while relaxing at home.

There are numerous locations that are accessible in virtual reality format, including the Taj Mahal, National Museum, Indian Museum, Fatehpur Sikri, Bikaner tour, and major city tours. There are several hotels that use virtual reality headsets to provide virtual tours of hotels and locations, including Trident, Marriot, Taj, and other well-known brands. A number of travel agencies in India use virtual reality to give their clients a pre-tour experience.

In India, a trend is emerging as a result of prominent players using virtual reality technology more frequently. As a result, the market for tourist virtual reality headsets in India is being driven by virtual tours.

Which Age Group Drives Demand for Virtual Reality Headsets Among Tourists Around the World?

In the global market for virtual reality headsets for tourists, there is demand from every age group. The analysis shows that there is demand for virtual reality headsets across all age groups. With the aid of virtual reality headsets, anyone of any age can experience any destination or adventure activity. Virtual headsets are appropriate for people of all ages, but the adventure and virtual tours depend on the consumer’s perception.

Which product material is in demand the most in the market for tourist virtual reality headsets?

With a value share of 28.0%, fibre virtual reality headsets may be in higher demand in the market for tourist virtual reality headsets. Fibre virtual reality headsets could be in high demand in terms of product material.
Source- Travel biz

Leave a Reply