Overview:
The global XR headset market showed annual shipment growth of 20% in Q4 2023. However, in the full year 2023, the XR market declined by 19%. 2023 decline was attributed to the lack of compelling XR headsets and attractive use cases. After 3 years of waiting, Meta introduced Quest 3 to its successor Quest 2 in the holiday season of Q4 2023. Seasonality, holiday offers and availability of Quest 2 with price cut which made it an attractive VR offering in Q4 2023. All these factors helped the Meta and overall XR market to perform better. OEMs are now launching AR glasses for specific use cases such as gaming, enterprise, and productivity. Clubbing of features in a single headset and improved user experience will bring more opportunities for the AR headset industry.
- Time period: Q1 2020 to Q4 2023 with yearly granularity
- XR Device Forecast by Region and User Type
- XR Device Forecast by Device Type
- XR Device Forecast by Price Band by Device Type