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China is projected to have the most substantial AR/VR spending worldwide in 2024. VR statistics for 2021 indicate that the consumer virtual reality (both hardware and software) market size is projected to experience an increase of $1.1 billion, compared to what we had in 2020. The consumer VR market worldwide is predicted to reach $3.7 billion at the end of 2021.Īlthough the COVID-19 pandemic harmed the VR market worldwide, it is expected to make a good recovery this year. So what does the future hold for the VR market? The following virtual reality statistics for 2022 will expound on the trend. That said, let's check out the latest VR stats: The Real Virtual Reality Statistics With that in mind, we are sure these latest sets of statistics will help provide a clearer idea of virtual reality market growth, changes in perception among consumers, and its utility in business.

The projections for the next few years are even more awe-inspiring.Īs it happens with any new technology, estimates from different sources do not always match up even one year of slower or faster performance than predicted can force major revisions in estimates, and the entry of a major player like Apple can completely change the ecosystem. Thanks to a number of factors-more affordable hardware, faster internet speeds, and a receptive audience-the growth figures have been striking over the last 4-5 years.

14 million AR and VR devices were sold in 2019.

70% of VR headset-owning consumers have bought a game on it.

Demand for standalone VR devices will grow over 16 times between 20.

The consumer VR market worldwide is set to reach $2.6 billion by the end of 2020.

78% of Americans are familiar with VR technology now.There are more than 171M VR users worldwide.Global VR video gaming revenues reached $22.9B in 2020.The global AR and VR market is expected to grow to $209.2 billion by 2022.Like these virtual reality statistics you’ll read indicate, the time is approaching for this technology to take off among consumers as well as in the industry. Virtual reality, the overarching term for a variety of computer-generated experiences taking place within a simulated environment, has been a topic of interest among tech enthusiasts (and sci-fi fans) for years.

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