Global Virtual Reality Industry to Reach $7.2 Billion in Revenues in 2017

Stevi RexCompany, Press Releases, Virtual Reality

virtual reality industry report

SAN FRANCISCO (April 11, 2017) — In its new Virtual Reality Industry Report: Spring 2017, Greenlight Insights forecasts total virtual reality revenues to reach $7.2 billion globally by the end of 2017, of which, head-mounted displays (HMDs) will account for $4.7 billion. Anticipating modest growth in the short term, Greenlight Insights expects the VR industry to grow into a major … Read More

Why HTC’s Mobile VR Bet Will Score Big

Alexis MacklinAnalysis, Virtual Reality

HTC has revealed their next VR device will hit the mobile market by the end of 2017 and be compatible with the company’s new U Ultra smartphone. As a follow-up to the HTC Vive, their new product will emphasize the relationship of mobility in VR to reach the mass market. HTC’s CFO Chia-lin Chang said the new mobile headset would … Read More

VR Industry Takes Major Steps Toward Establishing Standards

Alexis MacklinAnalysis

Google, HTC, Oculus, Samsung and other major headset manufacturers announced today a partnership to create the Global Virtual Reality Association. The goal of GVRA is to create standards and share best practices within the VR hardware industry. The announcement was not alone in the development of and call for standards. The Khronos Group announced a VR standards initiative backed by AMD, … Read More

HTC, Alibaba, Xiaomi and Huawei Kickstart the Chinese VR Ecosystem

Eddie LouAnalysis

After the launch of Daydream, PSVR and announcement of Windows10-based VR headsets in October, we didn’t expect more excitement for VR until 2017, but in the last few weeks, we are surprised about the developments from China. On both the hardware and content side, we can see great efforts Chinese VR companies put into bringing VR to the next level. … Read More

3 Announcements that Might Give Oculus an Edge

Alexis MacklinAnalysis

In July, Road to VR Executive Editor Ben Lang and 2016 Industry Report contributor estimated HTCVive out selling Oculus Rift, comparing Steam install base and survey data. Moreover, according to Google Trends data compiled by Greenlight analysts, HTC Vive has been a more popular search term over the last 3-months when compared to Oculus Rift. (Note: Playstation VR has recently surpassed both … Read More