75% Meta: Most virtual reality headsets come from Oculus

It's the virtual reality product that Facebook claims will transform it into the meta(verse). Meta Inc., recently called Facebook Inc., began its foray into virtual reality in 2014 with the purchase of VR headset maker Oculus. With the release of its latest headset, the Oculus Quest 2, the company has been able to capture an increasingly larger share of the emerging market previously dominated by Sony and its PlayStation VR headsets. According to Counterpoint Research, the new glasses helped the company capture 75 percent of XR headset shipments in the first quarter of 2021, up from just 34 percent in the first quarter of 2020. In 2018 and 2019, Sony's market share was around 40 percent still above that of Oculus.

The virtual reality business is still a small market, but one that Mark Zuckerberg and his company are betting on in a big way. Annual shipments of XR headsets tripled from the first quarter of 2021, with the Oculus Quest 2 becoming the best-selling XR headset with 4.6 million units shipped. It's not yet entirely clear how the Metaverse, which will bring together Facebook platforms and virtual reality, will work, but it's expected that Oculus' devices and technologies will play an important role.

XR headsets include those focused on virtual reality (VR), those that offer augmented reality (AR), and those that combine virtual reality with the real world, called mixed reality (MR).

 

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