2017 VR market size, current status and technology trends

As a hot technology in the technology circle, VR, regardless of foreign powerful technology manufacturers or domestic small and medium-sized manufacturers have launched VR products to grab the market. However, even the sales of Oculus rift, HTC vive and PS VR, which are the top three stars of VR, are still not satisfactory in 2016. How much room for growth in the VR market will be in 2017? What are the trends of VR technology?

Virtual reality history
Virtual reality history

Virtual reality market size

According to Business Intellligence's prediction, virtual reality hardware products will form a concentrated outbreak period in the next five years, in which helmet-type equipment will grow at a compound annual growth rate of 99%; by 2020, global virtual reality helmet shipments will reach 25 million units.

Global Virtual Reality Helmet Shipment Growth and Forecast Data Source: Business Intlligence

At the same time as the development of the hardware industry, the content industry, especially the industry of virtual reality entertainment content, will also have tremendous development potential. According to statistics, the sales volume of VR market in China in 2015 was 1.54 billion yuan, and it is expected to reach 5.66 billion yuan in 2016, an increase of 267.5%. By 2020, it will exceed 70 billion yuan (equivalent to 11 billion US dollars). Business Intellligence predicts that the global Virtual Reality (VR) hardware and software production value will reach US$6.7 billion in 2016 and will grow to US$67 billion in 2020.

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