This isnt surprising considering males are typically earlier adopters of technology. Corporate solution including all features. Video games have always been the biggest reason for purchasing a VR headset. While the technology is there and widely available, for an average consumer, its still a bit too pricey and weird. Your email address will not be published. Virtual reality allows quicker browsing for houses and cars without having to walk the customer to each item. Key virtual reality statistics for 2022. The number of people using VR is growing daily as virtual reality finds its place in more and more aspects of daily life. In 2019, the sales of the PlayStation VR headset hit 5 million units, making it one of the most popular choices for VR gaming, although Sony has yet to update its virtual reality sales statistics. The highest hopes (64%) for the potential of virtual reality are in gaming, 41. Request Sample Despite the global pandemic, chip shortage, and shipping crisis, manufacturers still delivered their devices to retailers and, ultimately, consumers. dollars)." ABIResearchs virtual reality market report shows AR and VR are likely to take shopping and advertising to the next level. Affiliate partnerships may affect where a particular product is listed within a review, but they This trend is following an impressive CAGR of 19% from 2021 to 2017. March 14, 2022. Brick-and-mortar shops are also advised to take notice. This relatively newer technology is spanning industries and growing quicker than many people think, leading to many interesting virtual reality statistics. The US and China will continue to dominate virtual reality in 2020, but western Europe is expected to overtake Japan. Every year, its developing into a more elaborate, exciting, and newfound territory of technology for industries and individuals worldwide. What is the difference between augmented reality and virtual reality? Get in touch with us now. This is no surprise considering 59% of company executives worldwide believe that gaming will dominate any investment made toward VR technology. XR fans can follow this space for more VR statistics as the year unfolds. This year promises to become a big one for VR, with several announcements expected from Meta and others, and VR already making a splash at CES. A survey revealed that almost 20% of consumers had tried virtual reality by 2020. Gaming investments are expected to be followed by investments in healthcare (43%), education (36%), and military/defense (28%), which shows that the industry believes those sectors are going to see more VR usage in the future. DataProt is supported by its audience. Predictions show that 5.9 million Americans will adopt VR by next year, 9. Virtual reality statistics, calculated from the number of units shipped, reveal that the number of people interacting with VR is nearing 200 million. What Is the Metaverse, and How Does It Work? The low entry cost and exceptional build quality helped push Oculus Quest 2 through the door. report mentioned the word 73 times in Q2, 2021, up from less than 10 times in Q4 the previous year. A lot of people are working on developing new VR apps, games, and experiences. DataProt is an independent review site dedicated to providing accurate information about various Its a bright future for this technology. DataProt's in-house writing team writes all the sites content after in-depth research, and advertisers have It has come down from sci-fi movies and tech expos to everyday life. According to a report from The Information, nearly 10,000 employees work in the companys Reality Labs division, which is nearly a fifth of the companys entire workforce. So, how many people even know what VR is and what it can do? 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. The entertainment industry is the key pillar of virtual reality growth and will most likely continue to play a key role in its development in the future. Of these, 31.3 million are doing so via virtual reality headsets. (March 14, 2022). Content creators have found a lot of success streaming popular VR games on Twitch. The consumer virtual reality market, divided into hardware and software segments, is forecast to reach 2.6 billion U.S. dollars in size in 2020. The audience mostly enjoyed watching Half-Life: Alyx, Beat Saber, and Phasmophobia - an indie ghost-hunting horror game that generated lots of scares and laughs and Steams current top VR seller. Virtual reality headset sales are growing 31.9% year-over-year, 12. Roughly 33 percent of respondents to an said the preferred an Apple-provided headset as their first choice, followed by Google at 20 percent. Interestingly, 75 percent said they maintain less physical distance between themselves and those they meet in VR than in real-world surroundings. 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%. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Please fill out the form below and your selected Market Guide will be sent to you. News, Augmented Reality Stats You Need To Know in 2022. 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. Emotions play a critical role in our daily lives, so the understanding and recognition of emotional responses is crucial for human research. Affective computing research has mostly used non-immersive two-dimensional (2D) images or videos to elicit emotional states. However, the United States is still the most prominent region for the VR market to date. "Augmented reality (AR), virtual reality (VR), and mixed reality (MR) market size worldwide in 2021 and 2028 (in billion U.S. In the US, 58.9 million no control over the personal opinions expressed by team members, whose job is to stay faithful to the truth Metas Quest is still the first choice for less than 10 percent of buyers. When deciphering virtual reality user statistics, experts follow spending trends and user behaviors to predict future figures. The global augmented reality (AR), virtual reality (VR), and mixed reality (MR) The global virtual and augmented reality market is estimated to be $16.8 billion. Augmented and mixed reality systems often use smartphone cameras while consumers are transported into virtual worlds through headsets that shut out the physical world around them. As of January 2020, there were approximately 2,270 VR startups worldwide, a significant increase from previous years. document.getElementById( "ak_js_7" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_8" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_9" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_10" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. Why? VR demographics are definitely skewed toward the younger generations. There are exciting things to come. Please fill out the form below and the relevant Media Kit will be sent to you. 59% of company executives think investments made toward VR will be directed toward gaming, 49. Last year in 2021, this combined global market reached $27.96 billion. Eight in 10 manufacturers know VR is the future. The latest virtual reality statistics show that the global market size of AR and job is to stay faithful to the truth and remain objective. Twitch is one of the worlds top streaming platforms and a few of its top channels are shared virtual reality content. Meta Quest Pro vs Meta Quest 2: Which is Best? 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. Social VR users spend over 3 hours a day in VR: survey, those engaging in social VR experiences spend over 3 hours a day in virtual reality. Experts anticipate VR headset shipments to rise to 31 million by the end of 2026. The global VR headset market is growing rapidly. 80% think it is just a matter of time before virtual reality becomes mainstream. Samsung Gear and Google Daydream are the most popular VR headsets for mobile phones. Virtual reality is becoming increasingly popular, which means the job demand for the industry is also on the rise. By 2025, the worldwide AR/VR gamer user base will increase to 216 million users, 6. Healthcare is the VR segment with the highest projected CAGR of 19.3% from 2022-2030, 42. 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. Virtual reality is even benefitting global causes. In 2020, the gaming industry earned $1.1 billion. Then you can access your favorite statistics via the star in the header. 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. What do consumers want to do the most in virtual reality? Learn more about how Statista can support your business. But that doesnt mean there arent many VR enthusiasts already: Steam has more than 120 million users now, meaning that that seemingly measly 1.8 % actually converts into 2.16 million gamers with VR headsets. , 92 percent of 250 human resource professionals surveyed viewed immersive technologies as a vital tool in the post-pandemic recovery phase. In the United States alone, the growth of AR/VR tech will create 2.3 million jobs. VR allows you to live a story rather than being a passive observer, leaning into the wants of this younger demographic. Social VR users spend over 3 hours a day in VR: According to a Social VR Lifestyle Survey 2021 survey, those engaging in social VR experiences spend over 3 hours a day in virtual reality. In this five-year span, its projected to become worth up to $5.45 billion. You can only download this statistic as a Premium user. We are in process of revamping Virtual Reality in Education Market with respect to COVID-19 Impact. VR statistics are expected to improve as headsets become cheaper and more widely available. Global consumer spending on VR/AR will exceed $72.8 billion by 2024, 23. As it is, the forecast for 2022 is already a whopping 91.2 percent year-over-year increase. But more importantly, nearly half of them are hiring people with the skills needed to capitalize on the metaverse and its opportunities. Virtual reality experiences garner over 15% more responses. 46% of companies are hiring people with skills related to the metaverse, 44. Is it finally time for VR, or is the technologys tipping point still 18 months away? 37 Virtual Reality Statistics That Prove the Future is Now. Slowly but steadily, its becoming the future of entertainment, and a helping hand at work. Millennials are twice as likely to purchase a VR headset. This is followed by VR games at 6.6% and AR games at 5.1%. Canada is expected to have the fastest growth rate over the next few years. You need at least a Starter Account to use this feature. The companys June edition of AlphaCurrents report mentioned the word 73 times in Q2, 2021, up from less than 10 times in Q4 the previous year. Is it the next frontier of immersive tech, or just a gimmick? A recent experiment conducted by Walmart had employees train via VR. View Virtual reality never really left. Analysts predict that both the enterprise and consumer segments will experience heavy development and growth over this span. By July 2016, there were 168 mixed reality companies, and 5,500 full-time employees in B.C. To determine this, look at the market overall including augmented reality (AR), virtual reality (VR), and mixed reality (MR). 37% of VR users have a household income of over $100,000, 30. The global virtual reality in manufacturing industry stood at USD 924.7 million in 2018 and is projected to reach USD 14,887.0 million by 2026, exhibiting a CAGR of 39.2% during the forecast period. That can be either affordable headsets one plugs into their smartphone, or state-of-the-art tech, like Valve Index or Pimax 8K. As customers demand more interactive shopping experiences, the list of virtual reality using companies is growing daily. In 2022, there are over 950 VR startups in the United States, 48. The popularity of this technology is definitely on the upswing as, just a few years earlier, only 45% of people said they possessed any familiarity with the tech. 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. The huge popularity of gaming in VR is another factor that contributes to increased demand for social interaction in the virtual world. It concluded that 29% of U.S.-based VR users are male versus 20% are female. Over six figures, apparently. Price is another factor. This is based on a five-year CAGR for global VR/AR spending growing at an impressive 54%. 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. Alyx is followed by another smash hit, Beat Saber, and then Pavlov VR - a multiplayer shooter. In 2021, 5% of the top 1,000 channels streamed a virtual reality game a minimum of one time. The mention of the word metaverse rose sharply in corporate earning calls, with the word being mentioned 73 times in Q2 2021: Morgan Stanley and other wealth management firms paid special attention to metaverse as an investment area in 2021. Gaming headsets like HTC Vive, Playstation VR, Valve Index, and Oculus Rift have been steadily increasing in popularity over the years despite their high prices. About 38% are Gen-Y, 18% are Gen X, and just 6% are Baby Boomers. A huge benefit of virtual reality is the impressive performance it provides as a training tool for employees. More than 11 million VR units are projected to be sold by the end of 2021, and that number will double within the next two years. Statistics on the current status of the market. This is another statistic that shows that the social aspect of VR is one of the key elements that the industry needs to pay attention to in the future. The tech is becoming more affordable, apps and games more immersive, and more people are interested in it, according to statistics on VR users. Statistics on VR usage reveal that approximately 171 million people own or use a piece of VR tech. [Online]. As you can see, virtual reality is rapidly growing. Continuing with the VR headset sales statistics, analysts estimate there are more than 5 million Oculus Quest 2 headsets in the wild. The investment in VR was expected to multiply 21x over the past 4 years, 46. About 9 in 10 consumers in the United Kingdom and the United States say they are aware of VR, while just 65% know about AR. ", 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. Today, the VR headset market size is worth approximately $8.1 billion, 20. all Reviews, View all research, and advertisers have no control over the personal opinions expressed by team members, whose Another notable VR market share is the gesture-tracking device (GTD) segment. As of 2022, VR gaming is the biggest segment in the VR software B2C market. also includes reviews of products or services for which we do not receive monetary compensation. Most VR gamers are console gamers, and Sony is the dominant force in that market. Virtual reality gaming technology brings extremely high user engagement and world-class gaming experience to its rapidly and widely growing user base. Some of the most popular virtual reality games allow you to create your avatar and set out in the virtual world where you can interact with other similar avatars. August 02,2022. Another notable obstacle to wider VR usage according to survey participants is the lack of quality content (20%). The VR gaming market size is now worth an estimated $1.9 billion U.S. dollars. 75% of the worlds top brands have virtual reality projects underway, 43. These 50 virtual reality statistics prove its only a matter of time before VR becomes a daily habit at home or at work. All that startup potential is already showing and, within the next two years, things will get even more interesting. Yes. The mention of the word metaverse rose sharply in corporate earning calls, with the word being mentioned 73 times in Q2 2021, : Morgan Stanley and other wealth management firms paid special attention to metaverse as an investment area in 2021. about various cybersecurity products. This device was selling for $999+ and allowed gamers to experience the thrill of VR arcades in the comfort of their own home. 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. 31. participates in a series of affiliate partnerships - its visitors click on links that cover the More than 1 in 3 US consumers would rather buy AR/VR devices from Apple: Even though Apple is yet to launch a VR headset, it has a large number of loyalists. 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. Nonetheless, a lot of people believe thats precisely the aspect that needs improvement. It helps that everyone already owns an AR-ready device - their smartphone. By 2023, this segment of the virtual reality market is expected to exceed $9 billion. For example, only 7% of the surveys participants said they plan on reducing their VR usage. VR learners were 4x faster to train than in-classroom learners, 37. VR is a fantastic tool for education as well, and watching movies in VR is a truly special experience. Chart. [6] last year that 3.7 billion people worldwide still do not have access to the internet, and this could hold back the sustainable mainstream adoption of VR. VR is expected to generate $6.7 billion in revenues. Some productive uses for VR include the 58% of consumers that are interested in interacting with health providers and 53% who want to interact with familiar brands. Virtual Reality Cardboard Market research 2023 report (104 Pages) delivers all 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. 61% of survey respondents expressed concerns about data security and consumer privacy when using virtual reality media. This, however, does not influence the evaluations in our reviews. 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