After a brief contraction, the VR headset market will grow again

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Last updated on May 1st, 2023 at 08:26 pm

Facebook is named the market leader in IDC

Amid the pandemic, the virtual reality (VR) headset market will shrink 6.7% this year, but will soon return to rapid growth. Already in 2021, growth will amount to 46.2%, In any case, this forecast is given by specialists from the analytical company IDC.

VR headset market

After a brief contraction, the VR headset market will grow again

Analysts have noted the negative impact of supply chain disruptions, but believe that interest in the consumer and enterprise segments will lead to a CAGR of 48% between 2020 and 2024.

“While games remain at the forefront of consumer VR, other use cases such as virtual concerts and virtual workouts are also starting to resonate with customers,” said Jitesh Ubrani, research manager for IDC Mobile Device Trackers. “Meanwhile, many businesses continue to scale up virtual reality use through learning, collaboration, design and manufacturing, driving growth. We expect the commercial segment to grow from 38% of the global market in 2020 to 53% by 2024. ”

IDC calls the market leader Facebook, which owns the Oculus brand. Sony is in second place with a large lag. The distribution of market shares is clearly shown in the diagram.

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