Report: Virtual Reality Headset Shipments to Hit 30 Million by 2020

Report: Virtual Reality Headset Shipments to Hit 30 Million by 2020

HAMPSHIRE, U.K. — New findings from leading hi-tech analysts, Juniper Research, reveal that wearable VR HMD (Head Mounted Display) headset shipments will approach 30 million globally by 2020.

Contrast this figure with the projected 3 million HMD shipments expected in 2016, as these new devices come to the consumer market.

According to Juniper Research, technological advancements such as low latency and smarter graphics, coupled with the corresponding growth in interest from major players, mean that VR is now in a position where the market can finally take off, with the firm explaining that “The [VR] technology is now poised to transform the entertainment industry, including gaming and video, over coming years whilst offering the potential to quickly expand into other markets such as industrial and healthcare.”

Despite industry predictions, adult content was not cited as a likely growth area.

Calling 2016 “a watershed year for VR,” Juniper’s latest Insights research report, “Virtual Reality: Market Dynamics & Future Prospects 2015-2020,” identifies 2016 as the year that virtual reality headset product launches and consumer roll outs gain traction — naming Oculus, Sony, and HTC as among those leading players expected to launch key VR products during the next 12 months.

“The recent attention to and investment into Virtual Reality is helping to revitalize the industry,” says report co-author Joe Crabtree. “With major brand commercial launches imminent, there is huge potential for rapid market expansion.”

As a result, Juniper expects significant VR uptake over the forecast period; as consumers benefit from a combination of improved VR technology, a slate of immersive applications, and reduced hardware costs.

This growth does not come without challenges, however, with the report noting that developments in user interaction with the virtual environment will have a major impact on the success of VR products.

“While the current systems being developed will revolve around a stereophonic headset and a variety of controllers similar or identical to the current gaming devices,” Crabtree adds, “improving the immersive aspects of the experience will remain a challenge.”

Other key findings in the report include identifying the Far East and China as being poised for increased development and production activities, driven by a sharp rise in consumer demand, which is expected to be centered on video and gaming applications. The report also notes that hardware retail revenue from VR HMD headset sales will exceed $4 billion by 2020.

The complimentary whitepaper, “The Rise of Virtual Reality,” is now available.

Related:  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

AEBN Celebrates 25th Anniversary

The Adult Entertainment Broadcast Network (AEBN) is celebrating its 25th year in business this week.

Nebraska Legislature Passes Republican's Age Verification Bill With No Votes Against It

Nebraska’s unicameral legislature has passed the state’s version of the age verification bills being sponsored around the country by anti-porn religious conservative activists.

Performers in Meta Blacklisting Lawsuit Seek to Preserve Antitrust Claims

Adult Performance Artists Guild board officers Alana Evans, Kelly Pierce and Ruby have informed a California court that, although they want to drop their lawsuit claiming that Meta conspired with OnlyFans to blacklist rival premium fan platforms’ talent, they may still have antitrust claims that they may pursue in the future.

FSC, Co-Plaintiffs to Ask US Supreme Court to Review Constitutionality of Texas Age Verification Law

Free Speech Coalition (FSC) and its co-plaintiffs in the challenge to Texas’ controversial age verification law have filed a petition before the United States Court of Appeals for the 5th Circuit asking to stay its recent upholding the law because they intend to appeal to the U.S. Supreme Court to review the law’s constitutionality.

FSC Vows to Fight Florida Age Verification Law

Free Speech Coalition (FSC) issued a statement vowing to continue fighting Florida’s age verification law, which was signed by Gov. Ron DeSantis on Monday as part of a comprehensive bill targeting minors’ use of social media.

Kansas Republican Aims to Create New Bureaucracy to 'Investigate' Porn Websites

Republican state legislators succeeded Monday in moving forward Kansas’ version of the age verification bills being sponsored around the country by anti-porn religious conservative activists, despite serious concerns raised by House Democrats about the cost of establishing a new bureaucracy tasked with investigating websites for pornographic content.

SK Intertainment Launches 'Skinfluential Management' Agency, FansFuel Joint Venture

Mr. Skin/Mr. Man parent company SK Intertainment has launched new creator agency Skinfluential Management, as well as a new joint venture with Showbizz Media's creator stats and affiliate marketing platform, FansFuel.

Industry Attorney, Free Speech Champion Clyde DeWitt Passes Away at 75

Noted industry attorney Clyde DeWitt passed away on Friday in Las Vegas at 75, according to friends and colleagues.

APClips Names Avery Jane 'Creator of the Month'

APClips has named Avery Jane its Creator of the Month for March.

JustFor.fans Offers Gumroad Users Platform to Sell NSFW Artwork

JustFor.fans (JFF) is offering Gumroad users a platform to sell NSFW artwork after the latter banned adult content.

Show More