While there's been an observable dip in VR device sales, the arrival of the Sony PS VR2 and the Meta Quest 3 is set to invigorate the market during 2023.
In Brief
The introduction of groundbreaking VR hardware, like the Sony PS VR2 and Meta Quest 3, is anticipated to push the total global shipment of VR devices to 10.35 million units in 2023.
TrendForce also estimates that global shipments of VR devices in 2022 amounted to about 8.58 million, reflecting a year-on-year decline of 5.3%.
TrendForce estimates By the year's end in 2022, it is estimated that around 8.58 million VR devices will have been shipped globally, marking a 5.3% reduction from the previous year. However, analysts forecast a comeback in shipments, expecting to climb back to 10.35 million units in 2023, spurred by a yearly growth rate of 20.6%. Innovative new VR headsets, such as Sony’s PlayStation VR2 and Meta’s Quest 3, are set to launch next year and will likely stimulate demand for VR devices.
A report highlighted three main factors contributing to the global decline in VR device shipments throughout 2022. First, widespread inflation negatively impacted consumer purchasing power across various sectors. Secondly, interest in Meta’s Quest headsets waned partly due to rising prices. Finally, many VR manufacturers opted against releasing new devices this year or postponed their launches, further exacerbating sales figures.
Meta has consistently been a dominant force in the VR arena. The company has invested heavily into the technology, yet offering budget-friendly VR options has become increasingly challenging. Under market pressure, Meta has raised the costs of its Quest lineup. The latest model, the Meta Quest Pro , comes with a price tag of $1,499, which is nearly four times the cost of its earlier model, the Meta Quest 2.
TrendForce predicts that only about 250,000 units of the Quest Pro will be shipped globally in 2022. However, there's an expectation for Meta’s product lineup to see a positive trajectory after the anticipated launch of Quest 3 in 2023, with projections indicating around 7.25 million VR devices shipped that year.
Sony The introduction of the PS VR2 is also poised to boost sales next year, although it has a notable limitation: it’s designed specifically for gaming enthusiasts. Nonetheless, it promises to elevate the overall gaming experience significantly. According to Trendforce's 2023 forecast, the PS VR2 is expected to achieve sales of approximately 1.6 million units.
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