Global Location Based Entertainment Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 264
- CATEGORY
- Information Communication & Technology
The global Location Based Entertainment market size was valued at USD 3,500 million in 2022 and is projected to reach USD 11,800 million by 2033, growing at a CAGR of 27.1% during the forecast period.
Report Attributes | Description |
Market Forecast in 2022 | USD 3,500 million |
Market Forecast in 2033 | USD 11,800 million |
CAGR % 2023-2033 | 27.1% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | The VOID; Zero Latency VR; Sandbox VR; Dreamscape Immersive; Nomadic; Hologate; Meow Wolf; iFly Indoor Skydiving; Two Bit Circus SPACES Inc. |
Location-based entertainment (LBE) refers to immersive entertainment experiences that are typically offered in specific physical locations. LBE experiences combine elements of virtual reality (VR), augmented reality (AR), mixed reality (MR), and other interactive technologies to provide engaging and interactive entertainment to visitors. Location-based entertainment involves the use of physical spaces, specialized equipment, and digital content to create unique and immersive entertainment experiences for individuals or groups of people. Examples of LBE include VR arcades, theme park attractions, escape rooms, interactive museums, and multiplayer gaming arenas. Immersive and Engaging Experiences: Location-based entertainment offers consumers an opportunity to engage in immersive experiences that go beyond traditional forms of entertainment. The ability to physically interact with digital content and environments enhances the overall entertainment value and provides a unique and memorable experience. Advances in VR, AR, and MR technologies have improved the quality and realism of LBE experiences. Higher-resolution displays, more accurate tracking systems, haptic feedback devices, and interactive props have enhanced the level of immersion and interactivity, attracting more consumers to LBE venues.
Global Location Based Entertainment market: Key Trends
• Integration of Multiplayer and Social Experiences
LBE venues are increasingly incorporating multiplayer and social experiences to cater to groups of friends or families. Multiplayer VR games, collaborative puzzle-solving experiences, and interactive group activities create a social and shared entertainment environment, enhancing the overall appeal and driving customer engagement.
• Diversification of LBE Offerings
The LBE market is expanding beyond traditional arcades and theme park attractions. LBE experiences are now being incorporated into various settings, such as shopping malls, cinemas, hotels, and entertainment centers, to attract a broader audience. This trend reflects the increasing demand for convenient and accessible LBE experiences that can be integrated into existing consumer destinations.
Global Location Based Entertainment market: Geographical landscape
The location-based entertainment market can be analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is a prominent market for LBE, driven by a strong presence of technology companies, a high adoption rate of immersive technologies, and a mature entertainment industry. Europe is also witnessing significant growth in the LBE market, with countries like the UK, Germany, and France leading the way. The region benefits from a strong tourism industry and the presence of well-established theme parks and entertainment venues.
Global Location Based Entertainment Market- Recent Developments
• In 2022, Mobile-driven virtual reality (VR) advancements will introduce a fresh era of location-based entertainment (LBE). HTC VIVE and The Park Playground have collaborated to introduce VR experiences centered on mobile devices to the general public. To date, a total of 75,000 individuals have had the opportunity to explore the capabilities of the HTC VIVE Focus 3 headset at multiple The Park Playground locations throughout Europe.
Global Location Based Entertainment market: Segmental Analysis
Type of Experience
• VR arcades
• theme park attractions
• interactive museums
• escape rooms
• multiplayer gaming arenas
• others
Technology Used
• Virtual Reality (VR)
• Augmented Reality (AR)
• Mixed Reality (MR)
• Others
End-user
• Adults
• Families
• Teenagers
• children
Global Location Based Entertainment Market: Key Companies
• The VOID
• Zero Latency VR
• Sandbox VR
• Dreamscape Immersive
• Nomadic
• Hologate
• Meow Wolf
• iFly Indoor Skydiving
• Two Bit Circus
• SPACES Inc.
• Others
Global Location Based Entertainment Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders.
• Business Model
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• SWOT Analysis
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• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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