Facebook leads the VR headset market in Q1 2021, but there’s plenty of room for others, IDC says
NEEDHAM, Mass .– (COMMERCIAL THREAD) – Global shipments of virtual reality (VR) headsets grew 52.4% year-on-year in the first quarter of 2021 (1Q21), according to new data from the International Data Corporation (IDC) Quarterly virtual and augmented reality headset tracker worldwide. Stand-alone headsets, which feature a holistic design like the Oculus Quest 2 or HTC Vive Focus, accounted for the vast majority of shipments, capturing an 82.7% share in the quarter, up from 50.5% in the first quarter. of 2020. The growing popularity of games, as well as fitness, has helped educate consumers about virtual reality, while companies like Facebook have made the technology more accessible.
“Oculus single-handedly drove the market growth, with the company managing to capture nearly two-thirds of global VR headset shipments during the quarter,” said Jitesh Ubrani, research director for IDC’s Mobile and consumer device trackers. “Although the company currently dominates the consumer segment, it faces competition in the commercial segment and its lack of a presence in China leaves an opportunity for local brands as well as brands that can meet business needs.”
In addition to Oculus, Chinese companies DPVR and Pico also performed well in the quarter, finishing second and third and posting growth of 108.6% and 44.7% year-over-year, respectively. Each of the companies is already well established in China and strives to develop its international presence by targeting the commercial segment. Additionally, the near-term outlook for these companies, Pico in particular, bodes well as they address the need for lower cost headsets with 3 degrees of freedom (DoF) while shifting part of their user base to more immersive and content 6 DoF headsets. HTC and Sony rounded out the top 5 VR headset companies.
Going forward, IDC predicts that VR headset shipments will increase 28.9% year-over-year in 2021. However, the forecast reflects constraints on the supply side as some vendors will face component shortages during the year. The long-term outlook remains fairly strong, as global shipments are expected to reach 28.6 million in 2025 with a five-year compound annual growth rate (CAGR) of 41.4%.
A chart illustrating IDC’s 2021-2025 forecast for global virtual reality headset shipments by business and consumer segments is available by viewing this press release on IDC.com.
“Virtual reality business use cases 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 in-person and remote work, we see virtual reality playing an increasingly important role in driving digital collaboration, training and events. new generation. ”
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