XR (VR & AR) Report on Market Insights and Trends, Q1 2022
Overview:
Global XR shipment volume declined by 5% YoY in Q1 2022. VR Standalone, the single biggest form factor, grew marginally, preventing a further annual decline in overall XR market despite every other form factor declining significantly. The biggest contributor of this decline was the VR Tethered form factor which fell by about 40% due to a fall in Sony’s PSVR shipments as many of its users are waiting for its second generation PSVR. The shipment share of VR Standalone form factor reached 91% in Q1 2022, up from 85% in Q1 2021. In the current quarter, nearly 84% of all VR Standalone shipments are contributed to by Oculus, followed by Chinese brands such as Pico and DPVR which contributed about 7% and 6% each.
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Author
Karn Chauhan
Karn is a Senior Analyst at Counterpoint Technology Market Research, based in Gurgaon. He currently handles Global Devices and Ecosystems, Virtual Reality and Augmented Reality research. Karn has over 8 years of experience in the mobile device ecosystem space. He has a degree in Electronics and Communication.
Harmeet Singh Walia
Harmeet works in Counterpoint Research’s India team, where he focuses on smartphone shipment forecasts, extended reality, consumer research and consulting projects. He was previously a consultant, formulating digital transformation & M&A strategies for companies in sectors including TMT and electronic manufacturing. He also has over five years of analyst experience working for the Economist Group and in investment banking. Harmeet holds a finance-focused masters from Warwick Business School.
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