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Global VR and AR headset market set to rebound in 2018

Global AR/VR headset sales are set to grow 49% annually  to 12.4 million units this year, with sales surging 53% annually to 68.9 million units in 2022.

The global virtual reality and augmented reality headset market is expected to rebound in 2018, said a research report today.

Despite the weakness the market suffered in 2017, global AR/VR headset sales are predicted at 12.4 million units this year, a 48.5 percent growth year on year. The VR/AR headset sales will surge to 68.9 million units in 2022, an annual growth rate of 52.5 percent, said International Data Corp, a US-based IT research firm.

HTC, one of the three major VR device vendors globally, aims to expand VR applications in art, fashion and film, Shanghai Daily learned.

During the ongoing the Shanghai Fashion Week, HTC showcases latest VR technology to design clothes.

Meanwhile, Lenovo is offering users a Star Wars experience through its Mirage AR headset in another example of  VR/AR combining with the film industry.

"Content and delivery are becoming mature as top-tier content providers enter the AR and VR spheres," said Jitesh Ubrani, an IDC analyst.

Global VR and AR headset market set to rebound in 2018
TI GONG / Ti Gong

HTC VIVE China president Alvin Wang Graylin poses with the latest VR headset, which is used in fashion design, during the ongoing Shanghai Fashion Week.  

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