Virtual Market Display, Accessories Market To Reach 200 Million Units in Five Years, Tractica Says
Hardware and content companies are banking on strong consumer interest in virtual reality (VR) to drive a market that Tractica forecasts will reach 200 million shipments through 2020. A “golden era of investment and product development” will bring “highly capable”…
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head-mounted displays (HMD) to commercial deployment from companies including HTC, Oculus and Sony, with gaming applications expected to drive interest over the forecast period, said Tractica. By the end of 2020, HMD shipments are forecast to reach 76.7 million units annually, and 52.2 million accessory devices -- comprising gamepads, controllers, hand-tracking devices, locomotion devices and VR vests and suits -- will also ship during the period, said the researcher. With the “second coming of virtual reality,” industry participants need to ensure that products are “fine-tuned prior to release in order to avoid a disappointment in this high-potential new category,” said analyst Craig Foster. Games specially designed for VR are slowly rolling out with some publishers fully embracing the new medium and others “watching the space cautiously to determine the appropriate level of investment,” Foster said.