30 million VR headsets by 2020 - Juniper

Research firm says 2016 will be "a watershed year" for the tech, with games and video driving initial growth

Virtual reality is finally going to crack the mass market, according to Juniper Research. The firm's latest research report predicts that by 2020, the VR industry will have shipped 30 million headsets globally.

"The recent attention to and investment into virtual reality is helping to revitalise the industry and with major brand commercial launches imminent, there is huge potential for rapid market expansion," said Joe Crabtree, one of the report's authors.

While VR has come and gone as a fad in the past, Juniper expects it to stick around this time thanks to lower display latency, better graphics, and the backing of major players like Facebook, HTC, and Sony, all of whom are prepping VR headset launches in the next year. Juniper cites 2016 as "a watershed year" for the technology, with shipments of about 3 million headsets around the world.

Initially, Juniper expects VR "to transform the entertainment industry," with games and video being the two major applications driving adoption of the technology. However, the firm also expects to see VR put to use in industrial and healthcare capacities in short order.

Juniper also expects the price of VR headsets to come down dramatically by 2020. If the 30 million projected headsets retailed for the $300 expected in the first wave of launches, that would put hardware sales through 2020 at $9 billion. However, Juniper is only forecasting retail hardware revenue from the headsets to exceed $4 billion within five years.

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Latest comments (5)

Will VR get that killer app? that is the question. I have a feeling Sony may be holding off No Man Sky and making it a Playstation VR release, which could be a killer app right out the gate.

VR is not a question of if, just of when.
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Jim Webb Executive Editor/Community Director, E-mpire Ltd. Co.4 years ago
I really wish Las Vegas would put odds on game industry projections.
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why vegas? you want to gamble on certain companies and tech, thats what nasdaq market is for.
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Julian Williams Founder, WIZDISH Ltd.4 years ago
24 million Kinects have been sold so their predictions don't seem that wild.

The IEEE had an upbeat forecast a few days ago
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Jim Webb Executive Editor/Community Director, E-mpire Ltd. Co.4 years ago
Todd, analyst predictions are more fun. Stock markets are far too susceptible to irrelevant factors, bubbles, knee jerk reactions, etc...
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