SAN FRANCISCO, CA (May 25, 2018) — According to a new study by Greenlight Insights and RoadToVR, the Total Global VR Industry Revenue is expected to reach $48.2 Billion in 2022. The growth of standalone headsets from major OEMs is a key factor in this outlook as more consumer content and enterprise applications are made available on those devices.
Headsets are projected to drive the growth of global spending in the next five years. Particularly, unit sales of standalone head-mounted displays, such as the Oculus Go, are projected to increase 300% by the end of 2018 as more OEMs bring their devices to the market. According to forecasts by Greenlight Insights, standalone headsets are expected to reach 13.8 million units sold by 2022.
“HMD sales faced significant adoption challenges in 2016 and 2017, but we are beginning to see a shift in interest as prices fall precipitously and more product models are made available," says J.C. Kuang, Analyst at Greenlight Insights. "The benefits of the Oculus Go and HTC Vive Focus to the industry will provide the groundwork for high-quality, untethered content - a key driver in mass adoption.”
China currently leads the standalone market with the HTC VIVE Focus’ release earlier this year. Lenovo, Oculus, Pico, and HTC have already launched or announced plans to release standalone headsets in the United States during 2018.
The full report is available now at https://greenlightinsights.com/industry-analysis/2018-virtual-reality-industry-report-spring/
About the 2018 Virtual Reality Industry Report
The 2018 Virtual Reality Industry Report offers critical insight at a global level, highlighting the key macro and micro trends faced by companies in the virtual reality technology and related industries. The analysis is drawn from data on hundreds of companies from public to proprietary sources, and extensive quantitative research conducted by Greenlight Insights.
Since 2015, Greenlight Insights has published the semi-annual Virtual Reality Industry Report with the editorial contributions of the industry’s top analysts and authorities. This year, the Industry Report is co-written with Road To VR, the world’s largest independent news publication dedicated to the consumer virtual reality industry. The report includes:
- Head-Mounted Displays
- VR Cameras
- Other Hardware
- Direct Consumers Content Spending
- Advertising-Related Spending
- Location-Based Entertainment Spending
- Enterprise Content Spending
- North America
- Latin America
- Western Europe
- Central & Eastern Europe
- Middle East & Africa
- Developed APAC
- Emerging APAC
The report is available now at https://greenlightinsights.com/industry-analysis/2018-virtual-reality-industry-report-spring/