Overview: In Q3 2024, global VR headset shipments declined 4% year-over-year (YoY) and 16% quarter-over-quarter (QoQ) . The YoY decline was primarily caused by a sharp reduction in the tethered VR segment. In contrast, the standalone VR segment recorded 14% YoY growth. Shipments of Meta’s Quest 3 experienced a sequential decline, falling short of expectations. Meanwhile, Apple’s Vision Pro showed a modest recovery following its international launch.
In Q3 2024, the YoY decline in global AR smart glasses shipments widened to over 30%. The primary driver of this decline was weak sales of waveguide-based products, which saw a YoY drop, largely due to sluggish performance from INMO’s glasses. The market's underperformance this quarter was in line with our expectations, as we had previously warned of potential weakened demand in this segment during our last report update.
For detailed data on the performances of key OEMs and key models in the global AR/VR market in Q3 2024, please refer to the full report.
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Industry
Emerging technologies
Report Type
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Time period
Quarterly
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