Comprehensive Market Analysis on Location Based Entertainment (LBE) Market projected to reach USD 19.1 Billion by 2030, includes Partner and Customer Ecosystem | New Developments, Vendor & Technology Assessment

Location Based Entertainment (LBE) Market Scope - By MarketDigits

Market size value in 2023 - USD 3.4 Billion
Market size value in 2030 - USD 19.1 Billion
CAGR (2023-2030) - 28%
Forecast Period - 2023-2030
Historic Data - 2019
Segments Covered - Component, Technology, End-User & Region
Geographies Covered - North America, Europe, Asia Pacific, and RoW
Sample of Companies Covered - Samsung, Barco Electronic Systems, Panasonic, Huawei Technologies

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Browse in-depth TOC on "Location Based Entertainment (LBE) Market"

174 - Tables
106 - Figures
399 - Pages

Market Dynamics
Drivers:
• Advancement in VR and AR Technologies
• Increasing Consumer Spending on Games and Video
Content

Opportunities:
• Consumer Demand for Novel Experiences
• Integration with 5G Technology

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Top Key Players covered in the the Report:
Google
Meta
Microsoft
Nvidia
Unity Technologies
Sony Interactive Entertainment
Samsung
Barco Electronic Systems
Panasonic
Huawei Technologies
Springboard VR
IMAX Corporation
Exit VR

The Location Based Entertainment (LBE) Market is dominated by North America:

North America stands as the dominating region in the Location-Based Entertainment (LBE) market, showcasing a robust and thriving ecosystem fueled by a combination of technological innovation, consumer demand, and a mature entertainment industry. The region's dominance is evident in the widespread adoption of immersive technologies, such as Virtual Reality (VR) and Augmented Reality (AR), across various entertainment and leisure venues. Major cities in North America boast a significant concentration of LBE establishments, ranging from VR arcades and theme parks to interactive exhibits, contributing to the region's leadership in shaping the global LBE landscape.

The economic affluence of North American consumers plays a pivotal role in driving the demand for novel and cutting-edge entertainment experiences. With a population that embraces technological advancements and values experiential entertainment, LBE operators in North America are well-positioned to capitalize on this consumer mindset. Furthermore, the region's diverse entertainment industry, including Hollywood and the gaming sector, fosters a fertile ground for collaborations, content creation, and the integration of LBE elements into mainstream entertainment.

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Segmentations Analysis of Location Based Entertainment (LBE) Market: -

• By Component:
o Hardware
o Software

• By Technology:
o Augmented Reality
o Virtual Reality
o Projection-Mapping
o Other Technologies

• By End-User:
o Amusement Park
o Arcade Studios
o 4D Films

• By Region
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East & Africa

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This release was published on openPR.