As per reports, global shipments for virtual reality (VR) headsets jumped 241.6% YoY in Q1 of 2022. The continuous supply for the demand unlike 1Q21 helped in the progress of the market. Forecasted to grow further in the year, the VR shipments are expected to reach 13.9 million units (up by 26.6%).
Meta capturing 90% of the market with its subsidised hardware along with exclusive content is gaining immense popularity, with ByteDance’s Pico, Sony and Apple following. With these major companies’ presence in the global market specially with their expansion into European countries, 2023 would be a crucial year for the VR industry (and by extension, augmented reality as well)
Meta, Pico, and Sony are expected to launch alongside a headset from Apple that is expected to provide a mixed reality experience.
