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VR hardware shipments up, growth forecast to 28.6 million in 2025

VR hardware shipments up, growth forecast to 28.6 million in 2025

Global shipments of virtual reality headsets grew 52.4% year over year in the first quarter of 2021, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker.

Standalone headsets accounted for the vast majority of shipments, capturing 82.7% share during the quarter, up from 50.5% in the first quarter of 2020.

"Oculus has single-handedly driven growth in the market as the company managed to capture almost two thirds share of global VR headset shipments during the quarter," said Jitesh Ubrani, research manager for IDC's Mobile and Consumer Device Trackers. 

IDC forecasts VR headset shipments to grow 28.9% year over year in 2021. However, the forecast reflects supply-side constraints as some vendors will struggle with component shortages during the year. The long-term outlook remains quite strong as global shipments are forecast to grow to 28.6 million in 2025 with a five-year Compound Annual Growth Rate (CAGR) of 41.4%.

"The commercial use cases for virtual reality continue to proliferate," said Tom Mainelli, group vice president, Device & Consumer Research at IDC. "As companies continue to plan for a future that encompasses a combination of both in-person and remote work, we see VR playing an increasingly important role in driving next-generation collaboration, training, and digital events."

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Steve is an award-winning editor and copywriter with 20 years’ experience specialising in consumer technology and video games. He was part of a BAFTA nominated developer studio as project manager for the UK’s first fully interactive digital TV channel. In addition to editing TheVirtualReport.biz, Steve contributes to PocketGamer.biz, PCGamesInsider.biz and BlockchainGamer.biz, as well as creating marketing content for a range of SMEs and agencies.

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