Virtual reality market in 2019

By October 29, 2019 November 29th, 2019 Technology

Worldwide, VR market volume is expected to reach 98.4 million sales by 2023, generating an installed base of 168 million units with a worldwide population penetration of 2%. Growth is forecast across all regions and countries, with China leading the way.

Especially interesting is to see the current and forecasted statistics in pure numbers to get a sense of the current state of continually growing VR and AR market:

  • The global AR and VR market is expected to grow to $209.2 billion by 2022
  • 14 million AR and VR devices are expected to be sold in 2019
  • Global VR video gaming revenues are expected to reach $15.1B in 2019
  • There are more than 171M VR users worldwide
  • 78% of Americans are familiar with VR technology now
  • USA is the region with the largest AR/VR spending in 2018 at $6.4B
  • Demand for standalone VR devices will grow over 16 times between 2018 and 2022
  • 70% of VR headset-owning consumers have bought a game on it

Sources: Forbes, Techjury

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