Samsung Gear VR was projected to be the highest-selling virtual reality headset of 2017, with forecast shipments of 3.65 million units in that year alone. Google is projected to produce two of the most popular devices in the market, with both Google Cardboard and Google Daydream View forecast to sell millions of units.

VR devices

VR devices have not yet achieved the level of widespread popularity attained by other consumer electronic devices such as smartphones or tablets, but the industry has experienced consistent growth in recent years, with forecasts projecting a continuation of this trend in the future. As of 2018, Sony had established itself as the clear leader in the VR device market, largely thanks to the success of its PlayStation VR product. Other major products in the industry are HTC’s Vive and the Facebook-owned Oculus Rift, both of which have also carved out significant market shares.

The Virtual Reality Market

In addition to the hardware segment, which encompasses the manufacture and sale of VR headset devices, the VR market also includes a growing software segment. Software companies from a wide variety of industries have recognized the potential of VR technology. Gaming companies are eager to incorporate VR technology into their range of offerings, while other organizations are exploring the possibilities of the use of VR in more professional settings, such as healthcare and engineering