AR/VR Headsets Surged During the Holiday Season 2023, According to IDC
NEEDHAM, Mass.–(BUSINESS WIRE)–#ARHeadsets–As macroeconomic pressures eased and new products launched, the global market for augmented reality and virtual reality (AR/VR) headsets grew 130.4% year over year during the fourth quarter of 2023 (4Q23), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker.
“After losing share to Pico and later Sony a few quarters ago, Meta’s share has been on a steady climb thanks to its ongoing subsidization of hardware and the launch of the Quest 3,” said Jitesh Ubrani, research manager, Mobility and Consumer Device Trackers at IDC. “While Apple’s entrance as well as newer devices from other vendors in this space certainly adds pressure, Meta’s lead will likely remain unchallenged during the year as the company’s low-cost, high-volume strategy will separate it from the rest of the pack.”
For the full year of 2023, shipments of AR/VR headsets were down 23.5% from 2022 levels. Macroeconomic uncertainty put downward pressure on demand during the first half of the year and most companies relied on legacy products that had already been available for at least a year, leading to double-digit declines. It was not until key regions began seeing economic recovery and new products were launched that the market started to rebound, but not enough to offset the first half declines.
“2023 began in much the same way that 2022 ended: with a series of significant year-over-year declines,” noted Ramon T. Llamas, research director with IDC’s Augmented and Virtual Reality program. “This reflected the situation in many other markets, and AR/VR was not immune to them. However, this did allow companies throughout the ecosystem to further hone their experiences with mixed reality, artificial intelligence, and display technologies to prepare for a better 2024.”
A graphic illustrating the worldwide market share of the top 5 AR/VR headset companies over the previous five quarters is available by viewing this press release on IDC.com.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC’s Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.
For more information about IDC’s Worldwide Quarterly Augmented and Virtual Reality Headset Tracker, please contact Jackie Kliem at 508-988-7984 or jkliem@idc.com.
Click here to learn about IDC’s full suite of data products and how you can leverage them to grow your business.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
All product and company names may be trademarks or registered trademarks of their respective holders.
Contacts
Jitesh Ubrani
416-873-0315
jubrani@idc.com
Ramon T. Llamas
508-935-4736
rllamas@idc.com
Michael Shirer
press@idc.com
508-935-4200