75% Meta: Most virtual reality headsets come from Oculus

It's the virtual reality product that will supposedly transform Facebook into the Meta(verse). Meta Inc., formerly known as Facebook Inc., began its foray into virtual reality in 2014 with the acquisition of VR headset manufacturer Oculus. With the release of its latest headset, the Oculus Quest 2, the company has been able to capture an ever-increasing share of the burgeoning market previously dominated by Sony and its PlayStation VR headsets. According to Counterpoint Research, the new headset helped the company achieve a 75 percent share 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, at around 40 percent, was still higher than Oculus's.

The virtual reality market is still small, but it's one that Mark Zuckerberg and his company are betting heavily on. Annual shipments of XR headsets tripled starting in 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 aims to bring together Facebook platforms and virtual reality, will work, but it's safe to assume that Oculus's devices and technologies will play a key role.

XR headsets include those designed for Virtual Reality (VR), those that offer Augmented Reality (AR), and those that combine Virtual Reality with the real world, known as Mixed Reality (MR).

 

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