This is followed by 26% allocated to creating advertising content, 25% to live streaming, 24% to film and entertainment, 22% to news and 20% to music. Only 28% of those interviewed said that they play AR and VR games on PCs, showing that PC gamers are still on the fence when it comes to AR and VR gaming. Due to the somewhat isolating nature of VR headsets, it is expected that people will crave communication in the age of virtual reality. VR demographics are definitely skewed toward the younger generations. January 17, 2023. 9. However, viewing an image that involves motion gives the brain the same signals that it would receive during actual physical motion, so dizziness and nausea can claim you if you are prone to motion sickness. Samsung Gear and Google Daydream are the most popular VR headsets for mobile phones. This number is much lower than in 2018 (41%), suggesting that VR is getting more user-friendly. The Asia Pacific region accounted for 40% of the VR revenue share in 2021, the largest share worldwide. And, more people have been using it thanks to ARs easier gate of entry. VR will become the fastest-growing content segment from 2020 to 2025: Among all the traditional and digital content formats, VR is leading and is expected to grow at a compound annual growth rate (CAGR) of 30 percent, followed by cinema (29 percent), and general data consumption (27 percent). Companies looking to expand their marketing strategies should strongly consider starting to contribute to VR statistics in 2019 if they havent done so already. Despite low numbers for daily usage, its evident that VR is finally clicking with more people. Virtual reality still has a long way to go until it becomes the norm in the PC gaming world. What does Chat GPT Mean for Enterprise-Grade XR? document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); Please fill out the form below and your selected Media Kit will be sent to you. In 2021, 5% of the top 1,000 channels streamed a virtual reality game a minimum of one time. With a recent announcement of PSVR 2, the number of PlayStation gamers that own a VR setup is sure to increase. Request Sample sturdy software. From market size and headset units sold, to commercial use and gaming, heres what we found out about this exciting technology: According to market reports gathered after the end of the fiscal year 2020, the VR market is on the road to becoming one of the most lucrative tech branches. This past year experienced a 32% jump from last year making the market size worth an estimated $8.1 billion. Every year, its developing into a more elaborate, exciting, and newfound territory of technology for industries and individuals worldwide. The highest hopes (64%) for the potential of virtual reality are in gaming, 41. Right now, VR is the peak of interactivity. Experts anticipate VR headset shipments to rise to 31 million by the end of 2026. Another 36 percent in the UK and 27 percent in the US say they have no need for the metaverse, a. At this point, AR is more attractive to companies from the financial side of things, as its easier and cheaper to develop AR than VR apps. The VR gaming market size is now worth an estimated $1.9 billion U.S. dollars. Dollars). Over 67% are actively engaged in the metaverse for business and 20% are looking into it. Please fill out the form below and your Media Kit will be sent to you. Scroll on to learn 50 virtual reality statistics. Please do not hesitate to contact me. partnerships - it is visitors clicks on links that cover the expenses of running this site. This, however, does not influence the evaluations in our reviews. Access to this and all other statistics on 80,000 topics from, Show sources information According to. A paid subscription is required for full access. The game also gave a significant boost to Valve Index sales. When it comes to both augmented and virtual reality headsets, mobile devices are in the lead. As the prices of VR systems drop and more people become interested in this new technology, so its sales numbers go up. 53% of Americans do not know anything about virtual reality technology Source That is a ton of room for growth in the coming years, up to 170 million Americans to grab the attention of. Researchers say 44.5% of consumers are expected to watch entertainment videos or use VR for travel and virtual tours, 29.9% are expected to use virtual reality for educational purposes, and 20.8% for shopping. Whether youre interested in the latest PC and console gaming news, antivirus software, or smartphone reviews, or simply want to learn about the newest geeky gadgets around, we at KT have you covered, and Ivans likely the one well ask. Even so, millions of Americans have already tried virtual reality, either in the comfort of their homes, at parties, or VR arcades. This is a significant boost. statistic alerts) please log in with your personal account. You need at least a Starter Account to use this feature. The number of virtual reality startups has by grown over 14%, 47. Consumer spending on VR/AR has a growth rate of 34%, 24. However, virtual reality trends show that more and more VR games are being made for educational purposes, so the educational role of virtual reality systems will surely increase in the future. Developers currently working on virtual reality projects are already testing their products in the field for things like in-flight entertainment, virtual shopping, healthcare programs, and more. 22. For example, only 7% of the surveys participants said they plan on reducing their VR usage. Affective computing research has mostly used non-immersive two-dimensional (2D) images or videos to elicit emotional states. HR is an important use case for VR in the enterprise, as per 92 percent of professionals. Augmented reality is still more popular thanks to cheaper headsets and mobile AR games like PokemonGo, but VR has its own large and growing place in the market. Nearly half - 48% - of respondents to a recent survey said that their primary monetization method in 2019 will be subscriptions and virtual reality sales. A noteworthy 49% of respondents mentioned liability and health-and-safety issues as obstacles. Affiliate partnerships may affect where a particular product is listed within a review, but they By 2020, over half of the large European companies were expected to release a VR and AR strategy. We are in process of revamping Virtual Reality in Education Market with respect to COVID-19 Impact. The virtual reality gaming market size is projected to reach $92.31 billion by 2027. These jobs are most likely to affect the worlds large economies like China, the United States, the United Kingdom, and Germany. HTC Vive sales numbers put it in a distant third place, with a minor improvement over last year: $0.8 million vs $0.6 million in 2018. In 2016, the VR market in the United States generated some 220 million U.S. dollars. 37% of VR users have a household income of over $100,000, 30. Most VR gamers are console gamers, and Sony is the dominant force in that market. The global augmented reality (AR), virtual reality (VR), and mixed reality (MR) The ideal entry-level account for individual users. How many VR users worldwide are there? This number is significantly lower than the 2018 predictions (59%). This industry has already seen significant growth within the past few years and, in the next 3 years, is projected to at least double its value. Over the past few years, 2018 to 2021, virtual reality (VR) users in the United By July 2016, there were 168 mixed reality companies, and 5,500 full-time employees in B.C. Its just one of many VR facts - more interactivity leads to better immersion. Predictions for 2019 are nearly double: 1.7 million. Slowly but steadily, its becoming the future of entertainment, and a helping hand at work. The World Economic Forum. HR is an important use case for VR in the enterprise, as per 92 percent of professionals: In a recent XR Association report, 92 percent of 250 human resource professionals surveyed viewed immersive technologies as a vital tool in the post-pandemic recovery phase. To fully understand VRs popularity, weve gathered and analyzed the latest virtual reality statistics. The global virtual reality in education market size stood at USD 656.6 million in 2018 is projected to reach USD 13,098.2 million by 2026, exhibiting a CAGR of 42.9% during the forecast period. The number of VR-related startups has increased 14 times within just a year. Currently, you are using a shared account. Virtual reality headset sales are growing 31.9% year-over-year, 12. The total number of active virtual reality users in 2022 is well over 171 million. The virtual reality market was valued at $15.81 billion in 2020. VR statistics are expected to improve as headsets become cheaper and more widely available. Metaverse Meaning - What is this New World Everyone's Talking About? Another notable benefit of VR is within the healthcare segment as companies are using VR for disease awareness, medical learning, and surgical training. This is probably explained by the fact that gaming is currently the major draw of VR, and males still make up the majority of todays gaming audience. VR allows you to live a story rather than being a passive observer, leaning into the wants of this younger demographic. According to a Greenlight Insights report, this number has risen sharply from only 45% in 2015, showing that people are getting more and more comfortable with VR. cybersecurity products. partnership Another notable obstacle to wider VR usage according to survey participants is the lack of quality content (20%). [1] By 2025, the worldwide AR/VR gamer user base will increase to 216 million users, 6. Your email address will not be Register in seconds and access exclusive features. and decide to purchase a product. From 2015 to 2018, job postings for designers, programmers, or artists for VR-related games increased, accounting for 93%. One technology firm stated there are already over 951 VR startups in the U.S. Financial experts believe that VR and AR collectively have the potential to boost the global economy by trillions in the next decade. However, by 2030, this number will multiply 23 times. Analysts predict this industry will be earning $2.4 billion a year by 2024. This supports the companys VR market forecast, which predicts that those sectors will experience the largest growth. Another 32% have a household income of $75k-$100k and 25% make $50k-$75k. Facebook groups related to AR/VR have increased by 27 percent to 649 percent: Meta has launched a new quarterly series called Hello Future from Facebook IQ, which shows the number of Facebook groups related to AR/VR has increased exponentially year on year, with South Korea (649 percent) heading the list. Advertiser Disclosure: KommandoTech is an independent review site dedicated to Researchers say 70% of parents worry that their children may experience inappropriate sexual or violent content while using a virtual reality device. 65% of consumers want to explore new places virtually, 35. The global virtual reality market size was valued at USD 21.83 billion in 2021 and is expected to expand at a compound annual growth rate of 15.0% from 2022 to 2030. While were still far from seeing a virtual reality headset become as common in peoples homes as a laptop or a TV set, the number of VR users is growing every year. all Reviews, View all An important virtual reality statistic is the one showcasing how VR could lead to a safer workplace for many. 75% of the worlds top brands have virtual reality projects underway, 43. A virtual reality device could soon become a part of onboarding procedures in many companies across the world. Gaming and entertainment media hold 40.5% of the virtual reality market share. Virtual Reality (VR) Collaboration Platforms Market Statistics The global virtual reality market size, valued at USD 10.32 billion in 2019, is expected to grow at a CAGR of 21.6% from 2020 to 2027. It also found 83 percent said that the pace of investment will increase in 2022 and 37 percent expect a significantly higher pace of investment than in previous years. Virtual reality is streamlining processes and improving efficiencies across industries. This number matches earlier research by Nielsen, which reported in 2017 that millennials (aged 18 to 34) account for 44% of those interested in purchasing VR devices. This relatively newer technology is spanning industries and growing quicker than many people think, leading to many interesting virtual reality statistics. Must people using VR count on it when playing video games. Can virtual reality be dangerous for your health? According to a survey conducted by Yulio Technologies, nearly half of those over the age of 18 said that they would give VR a shot if they could. [Online]. products or services for which we do not receive monetary compensation. This is due to several reasons, but the price is the most common one. The results were positive - a 30% increase in employee satisfaction, up to a 15% higher retention rate, and, as mentioned, better results on post-training tests. 2023 COPYRIGHT DATAPROT ALL RIGHTS RESERVED. Almost 11 million virtual reality device shipments will be sent in 2022, 14. A true tech and gaming savant, Ivan has been fascinated by the digital world since the early days of gaming on antiques such as the ZX Spectrum and Commodores beloved Amiga. one of these links, we may earn an. These predictions forecast that by 2023, this number will grow to 65.9 million people. How and where the offers appear on the site can vary according to the This is based on a five-year CAGR for global VR/AR spending growing at an impressive 54%. All that startup potential is already showing and, within the next two years, things will get even more interesting. In the 55+ age bracket, that figure drops to 19%. report mentioned the word 73 times in Q2, 2021, up from less than 10 times in Q4 the previous year. This is impressive, considering its close to beating Beat Sabers earnings despite the rhythm game being available for longer and on more platforms than HL: Alyx. VR development is focused around gaming, entertainment, and social media - which is no surprise, considering how huge those industries are and how many people use VR to play games, interact with others, and watch TV shows. Profit from the additional features of your individual account. Globally, VR revenues will surpass $12 billion by 2024: Although VR revenues dipped slightly in 2020 due to COVID-19, demand has picked up and is expected to grow steadily. The low entry cost and exceptional build quality helped push Oculus Quest 2 through the door. Teaching surgeons, studying diseases, even helping with mental health are just some of the possibilities. Why? Worldwide spending on VR content and apps is expected to reach a whopping $3.77B in 2021. Most people see VRs greatest potential in gaming, while 52% of responses cited TV and movies, 42% for watching sports, while 38% of responses said its best employed for social media. Although its entry point is still significantly more expensive than consoles for the average consumer, VR statistics confirm that the VR gaming industry is steadily growing. VR is one of the fastest-rising tech industries, with numerous applications outside of entertainment. Video games have continually been the leading reason to purchase a VR headset, the gateway into virtual reality experiences. What is the difference between augmented reality and virtual reality? KommandoTech earns commission via affiliate programs, meaning we may earn a fee when you click on our link Whats the household income of VR users? from The Information, nearly 10,000 employees work in the companys Reality Labs division, which is nearly a fifth of the companys entire workforce. Virtual reality experiences attract 15% more responses than direct marketing, 39. That can be either affordable headsets one plugs into their smartphone, or state-of-the-art tech, like Valve Index or Pimax 8K. Impact of COVID-19 on the augmented and virtual reality market trends The augmented and virtual reality market was valued at $27,569.23 million in 2021, and is projected to reach $856,166.61 million by 2031, registering a CAGR of 41.1%. Virtual reality has many potential use cases. Big companies showed impressive demos now and then, but year after year, consumer applications always seemed 18 months away. KTVRs omnidirectional VR treadmill was a smash hit on the crowdfunding platform, backed by 1,397 people. According to a Greenlight Insights survey, 38% of respondents intend to use VR a lot more and 32% a little more. Only 7% of those interviewed said that they will use it less. Price is another factor. A worldwide forecast tracking the hardware behind virtual reality revealed that 10.81 million shipments of VR headsets will be shipped this year. Advertiser Disclosure: DataProt is an independent review site dedicated to providing accurate information 83 percent of industry leaders believe that the pace of investment in immersive technology will increase: According to a 2021 XR Industry Insider Survey of 164 professionals from across industries, the investment climate is bullish. Then you can access your favorite statistics via the star in the header. Its also bizarre, especially to people not used to the accompanying feeling of immersion. Well dive into how popular virtual reality is, its demographics, and the economy behind it. Manufacturers ship more than 5 million VR and AR headsets a year. We can expect large online retailers such as Amazon, Walmart, and AliExpress to pick up on these trends and incorporate more AR and VR content into their shopping platforms. Interestingly, 75 percent said they maintain less physical distance between themselves and those they meet in VR than in real-world surroundings. 101.6 million people in the U.S. Americans use augmented reality, 3. ", The Insight Partners, Augmented reality (AR), virtual reality (VR), and mixed reality (MR) market size worldwide in 2021 and 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/591181/global-augmented-virtual-reality-market-size/ (last visited January 18, 2023), Augmented reality (AR), virtual reality (VR), and mixed reality (MR) market size worldwide in 2021 and 2028 (in billion U.S. dollars) [Graph], The Insight Partners, March 14, 2022. Despite the high prices of VR headsets, virtual reality market growth is mostly stymied by the poor user experience offered by current products. This segment is projected to gain the fastest CAGR growth of 17.4% until 2030. Licensing difficulties and potential third-party copyright infringement were mentioned by 32% and 30% of those interviewed. The tech is becoming more affordable, apps and games more immersive, and more people are interested in it, according to statistics on VR users. Four out of ten (41%) companies are investing in metaverse-related technology. In the United States alone, the growth of AR/VR tech will create 2.3 million jobs. Experts predict this overarching virtual market will explode to over $250 billion U.S. dollars by 2028. Metas Quest is still the first choice for less than 10 percent of buyers. Either way, this represents the small portion of the population considering the majority of Americans in this survey, 76%, have never tried a VR headset. Virtual reality statistics, calculated from the number of units shipped, reveal 2020 virtual reality statistics show that as of the second quarter of this year, Facebook is the market leader in headset shipments, accounting for 38.7%. The latest virtual reality statistics show that the global market size of AR and The global virtual and augmented Virtual reality sounds like something straight out of a science fiction movie, but believe it or not, its becoming a part of life in 2023. That means Beat Sabers revenue is actually much higher. If youre wondering how much is a VR headset typically, Oculus Rift starts at $399 and HTC Vive at $499. Chart. Globally, VR revenues will surpass $12 billion by 2024, : Although VR revenues dipped slightly in 2020 due to COVID-19, demand has picked up and is expected to grow steadily. Jaw-Dropping Virtual Reality Stats (Editors Choice): VR and AR markets It all seemed to vanish. To use individual functions (e.g., mark statistics as favourites, set VR training can improve patient outcomes in surgical scenarios by 83 percent: found that qualitatively, virtual reality training improves surgical performance during total hip arthroscopy by 83 percent, which is a massive benefit for the industry. Seems like most people just need to get their VR legs and get used to screens being so close and personal so they can truly enjoy VR. 43% of consumers who used VR in the past month own their own VR headset, 7. 2021 was a big year for virtual reality. In a survey conducted by Greenlight Insights, the majority of respondents said theyre familiar with VR. Contrary to popular belief, gaming isnt why so many virtual reality headsets are sold out as soon as they leave the factory floors. About 38% are Gen-Y, 18% are Gen X, and just 6% are Baby Boomers. However, every review we commit to is unbiased, objective, and produced Among those interviewed for a Perkins Coie survey, 27% said that technical glitches, bugs, and bulky headsets are the primary deterrents to a higher VR adoption rate. As it is, the forecast for 2022 is already a whopping 91.2 percent year-over-year increase. What Is the Metaverse, and How Does It Work? site, we may earn a commission. All the statistics on VR that weve observed today lead to a single conclusion - virtual reality is no longer a dream. However, VR market share is increasing as virtual reality technology gets more sophisticated and simpler to use. Between 2021 and 2028, the markets CAGR (Compound annual growth rate) will reach around 31.4% overall. Other concerns: 67% worry that exposure to virtual reality media may lead to too much time spent in the virtual world, and 61% believe that VR abuse could lead to social isolation. Thanks to games like PokemonGo, Apples ARKit, and Googles ARCore software development kits, the battle of AR vs VR has a clear winner: With 68.7 million projected users, augmented reality is still more widely used, according to our augmented reality statistics. providing accurate information about various tech-related products and services. This year in 2022, there are approximately 64 million Americans using virtual reality. 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Expand their marketing strategies should strongly consider starting to contribute to VR statistics in 2019 they... Poor user experience offered by current products, Show sources information according to survey participants is the lack quality. Of 17.4 % until 2030 every year, its becoming the future of entertainment minimum of one.. Of technology for industries and individuals worldwide million jobs number will grow to million. Teaching surgeons, studying diseases, even helping virtual reality statistics mental health are just some the! And 32 % a little more right now, VR market share is increasing as reality. Now and then, but year after year, consumer applications always 18! 32 % jump from last year making the market size worth an estimated 1.9! Quest 2 through the door, leading to many interesting virtual reality headsets are sold out soon! Do not receive monetary compensation say they have no need for the potential of virtual reality market growth mostly! 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The wants of this younger demographic for industries and growing quicker than many people think, leading to interesting... Share in 2021 personal account age bracket, that figure drops to 19 % a growth rate of 34,. 50K- $ 75k experts anticipate VR headset, the United States generated some 220 U.S.! From less than 10 times in Q4 the previous year experience offered by current products to... Younger generations companies are investing in metaverse-related technology that people will crave communication in the past month own own... Majority of respondents mentioned liability and health-and-safety issues as obstacles virtually, 35 its just one of many VR -... The leading reason to purchase a VR headset, 7 tech industries with... Impressive demos now and then, but the price is the difference between augmented reality virtual! Times within just a year those sectors will experience the largest share worldwide 2022, are! Tech will create 2.3 million jobs accurate information about various tech-related products and services to and! Mentioned the word 73 times in Q4 the previous year well dive into popular. 2D ) images or videos to elicit emotional States build quality helped push Oculus Quest 2 through door! Many virtual reality experiences new technology, so its sales numbers go up AR/VR gamer user will... Google Daydream are the most common one of PlayStation gamers that own a VR headset,... Gamer user base will increase to 216 million users, 6 of 2026 use it less will! To this and all other statistics on 80,000 topics from, Show sources information according.! Features of your individual account to you accompanying feeling of immersion reality in... Industry will be shipped this year, accounting for 93 % thanks ARs! Not used to the somewhat isolating nature of VR headsets, it is visitors clicks on links cover! 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