Virtual Reality Headset Shipments to Grow 53% by 2021
February 14, 2017 | Semico ResearchEstimated reading time: 1 minute
The 2016 holiday season brought virtual reality to the masses. Shoppers were treated to a variety of options, from $20 smartphone headsets at discount stores, to high-end gaming headsets costing hundreds of dollars from Sony, Oculus Rift and HTC. Even so, this technology is still developing, and a huge market will not materialize overnight. A new research report from Semico, Our Future Reality is Virtual, forecasts that VR headsets will grow at a 53% CAGR from 2016 to 2021.
“There’s a lot of confusion in the market about Virtual Reality, Augmented Reality and Mixed Reality,” says Adrienne Downey, Director Technology Research. “Semico calls this combined market the Enhanced Reality market. The segments differ in how they present, or hide, the digital world and the real world. This report focuses on the hardware types and manufacturers, along with the different use cases for each segment.”
Key findings of this new research include:
- Virtual reality headsets will grow by more than 8x from 2016 to 2021.
- Sony captured approximately 35% of virtual reality market revenues in 2016.
- Mixed reality headset shipments will be significant in 2018-2019.
- Enhanced Reality headset shipments will grow at an 81% CAGR from 2016-2021.
Semico Research’s new report, Our Future Reality is Virtual, MP105-17, presents our forecast for virtual reality, augmented reality and mixed reality, with a focus on distinguishing the three segments based on hardware and applications. Virtual reality is the segment taking the early lead in this market with excitement over the potential growth in immersive entertainment experiences. However, in the long term, augmented reality and mixed reality may have more impact in the automotive, entertainment, industrial medical, retail and social media arenas.
Suggested Items
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.