There could be three million dedicated home VR headsets such as the HTC Vive by 2021
Virtual reality is expected to boost the value of the UK’s entertainment and media sector to £72 billion by 2021.
According to PwC’s Global Entertainment & Media Outlook 2017-2021, VR will be the fastest-growing area with revenue set to increase 76 per cent year on year.
It said VR could be worth £801 million to this country by 2021, making the UK market the largest in the VR industry in the EMEA region (Europe, the Middle East and Africa).
PwC’s UK head of entertainment and media Phil Stokes said most people will access VR using mobile devices.
“We forecast the number of virtual reality headsets in use in the UK will pass 16 million by 2021,” he said.
“Around 12 million of these headsets will be portable mobile VR devices that use a smartphone at their core as these are more affordable for consumers and benefit hugely from the fast evolution and replacement rate of smartphones.
“Dedicated home VR headsets – the higher end devices used for gaming and video – will account for three million consumer headsets.
“Portable dedicated headsets – a new category of self-contained device that are easier to use and have superior capabilities to smartphone-based devices – forecast to account for one million.”
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Source: Business Cloud