Sept 16 (Reuters) - Global shipments for augmented and
virtual reality (AR/VR) headsets are expected to grow 41.4% in
2025, powered by more affordable devices and addition of
artificial intelligence features, research firm IDC said on
Monday.
WHY IT'S IMPORTANT
Worldwide shipments of AR and VR headsets fell 28.1%
year-over-year to 1.1 million units in the second quarter, due
to elevated prices and a weak economy prompting customers to
rein in expenses, IDC said.
The market is expected to expand to 22.9 million in 2028
from an estimated 6.7 million units this year, IDC said.
KEY QUOTES
"We're seeing a slew of new startups and next generation
products from established brands targeting the 'smart glasses'
space," said Jitesh Ubrani, research manager, Worldwide Mobile
Device Trackers at IDC.
"What's different this time around is the inclusion of AI
along with thinner and lighter designs catering to consumers."
CONTEXT
In October last year, Meta Platforms ( META ) launched its
VR headsets called 'smart glasses' made with EssilorLuxottica's
Ray-Ban. The company said in July the latest version
was a bigger hit than expected.
Meta is expected to launch a cheaper version of its Quest 3,
called the Quest 3S, according to Bloomberg News reports.
(Reporting by Harshita Mary Varghese in Bengaluru)