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AR/VR headset market reach 14 mn units via Metaverse in 2022

The buzz around Metaverse has somewhat revived the dull augmented/virtual reality (AR/VR) market and in 2022, the AR/VR device shipments is likely to reach 14.19 million units, compared to 9.86 million in 2021 which is a year-over-year increase of 36 per cent, a new report has shown

AR/VR headset market reach 14 mn units via Metaverse in 2022
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New Delhi: The buzz around Metaverse has somewhat revived the dull augmented/virtual reality (AR/VR) market and in 2022, the AR/VR device shipments is likely to reach 14.19 million units, compared to 9.86 million in 2021 which is a year-over-year increase of 36 per cent, a new report has shown.

The year 2023 is forecast to see 18.8 million AR/VR device shipments, riding on the Metaverse momentum. The growth momentum will come from increased demand for remote interactivity stemming from the pandemic, as well as Meta Oculus Quest 2's price reduction strategy.

Microsoft HoloLens 2 and Oculus Quest 2 are first in market share for AR and VR, respectively. "The topic of the Metaverse has driven brands to actively plan for and stimulate product shipment performance.

However, the AR/VR device market has yet to experience explosive growth due to two factors: component shortages and the difficulty of developing new technologies," said global market research firm Trendforce.

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