Metaverse device market to reach 100 million units in 2024

As investment in the metaverse grows, ownership of dedicated metaverse devices (VR and AR headsets) is set to surge. The latest Strategy Analytics Metaverse, Augmented and Virtual Reality (MAV) report, “Metaverse Device Forecast 2014-2027” predicts the installed base to double by 2024, from 50M today.

The report author, Executive Director David MacQueen, said, “Growing investment in this area, offering new and compelling experiences to consumers, will drive uptake in dedicated devices for consumers to take advantage of new services. Reaching an installed base of 100M in 2024 will be a significant milestone for this relatively new category of consumer electronics, helping to drive further growth and investment.”

“So far, the market has been mostly VR headsets with AR devices mainly confined to the enterprise market. However, we expect AR headsets to drive future growth as more consumer-oriented devices launch. AR will grow from just over 1% of shipments of the metaverse devices market in 2021 to a 64% shipment share of metaverse devices by 2027.” BCS Bureau