The global virtual reality industry will experience very modest growth during the next two years, according to a new 10-year forecast by Greenlight Insights, the global leader in virtual and augmented reality market intelligence. In its Virtual Reality Industry Report: Fall 2016edition, released today in partnership with Road to VR, Greenlight states total U.S. VR revenues will be in an “inflexion zone” for the next five years, and then reach $38 billion in annual revenues in 2026.
“The Playstation VR launch and Microsoft’s entry are important events, but we’ve identified a number of pivotal changes that we expect will alter the trajectory of the entire VR industry,” said Clifton Dawson, CEO of Greenlight Insights. “A clear shift from tethered to standalone HMDS, a timeline for 5G across several global markets, and the viability of VR for non-entertainment will fuel the market beyond 2020.”
Greenlight forecasts VR hardware (head-mounted displays, VR cameras, and other hardware) will account for approximately 61% of total VR industry revenues in 2026. Revenues for the 360-degree spherical camera (or VR camera) segment will build to nearly $4.6 billion by 2026, according to Greenlight’s estimates.