VR Device Shipments to Hit 50M Units by 2020

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VR Device Shipments to Hit 50M Units by 2020

posted on Mar 11, 2016 04:00PM

Peter Clarke, Analog Editor, EE Times Europe
3/11/2016

LONDON—Virtual reality (VR) device shipments will total more than 50 million units by 2020, according to market research firm ABI Research. This equates to a compound annual growth rate of almost 85%.

As the ecosystem expands, a growing number of vendors are releasing their own VR accessories as add-ons to smartphones, ABI notes.

Smartphones are the perfect platform for the VR market, because they already have the power and technological functionality necessary to create a fun, in-depth simulated environment," said Eric Abbruzzese, an analyst at ABI Research, in a statement. "As their capabilities continue to evolve, we anticipate high-end VR, which is currently exclusive to PC and game consoles, to expand to mobile-powered uses by 2020.