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Mobile Virtual Reality Market Expected to Reach $10.9B

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BOULDER, Colo. Jan. 9, 2017 — The global market for mobile virtual reality (VR) hardware and content will reach $10.9 billion by 2021, according to market intelligence firm Tractica LLC. Tractica estimates that more than 88 percent of all consumer-grade VR head-mounted displays (HMDs) sold in 2016 were mobile headsets, and it anticipates that the mobile domination of the market will continue for years to come, with mobile HMDs constituting three-quarters of annual consumer-grade HMD shipments in 2021. “Mobile VR has a tremendous amount of momentum, but there is much work still to be done,” said...Read full article

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    Published: January 2017
    Glossary
    virtual reality
    Virtual reality (VR) is a computer-generated simulation of a three-dimensional environment or experience that can be interacted with and explored by an individual using electronic devices, such as a headset with a display. VR aims to create a sense of presence, immersing users in a computer-generated world that can be entirely fictional or a replication of the real world. It often involves the use of specialized hardware and software to provide a fully immersive and interactive experience. ...
    Tracticavirtual realityVRmarket reportIndustry NewsAmericasAsia-PacificEuropeBusinessindustrial

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