VR industry braces for setback: Omdia forecasts declining sales until 2026
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Wednesday, December 20, 2023
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Headset sales suffered a 24% decline in 2023, plummeting to 7.7 million units from 10.1 million in 2022.
Key Points:
- Headset sales suffered a 24% decline in 2023, plummeting to 7.7 million units from 10.1 million in 2022.
- Further declines of 13% are expected in both 2024 and 2025, marking a challenging period for the VR industry before a projected resurgence from 2026.
- The global active installed base remained steady at 23.6 million VR headsets in 2023, and only marginal growth is expected by 2028, signifying a plateauing market.
- According to Omdia's latest Consumer VR Headset and Content Revenue Forecast , spend on VR content declined in 2023 to $844 million from the previous year's $934 million.