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VR Device Shipments to Hit 50M Units by 2020

LONDON—Virtual reality (VR) device shipments will total more than 50 million units by 2020, according to market research firm ABI Research. This equates to a compound annual growth rate of almost 85%.

As the ecosystem expands, a growing number of vendors are releasing their own VR accessories as add-ons to smartphones, ABI notes.

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“Smartphones are the perfect platform for the VR market, because they already have the power and technological functionality necessary to create a fun, in-depth simulated environment,” said Eric Abbruzzese, an analyst at ABI Research, in a statement. “As their capabilities continue to evolve, we anticipate high-end VR, which is currently exclusive to PC and game consoles, to expand to mobile-powered uses by 2020.”

Article originally posted on EE Times Europe.

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