In the recent period, the rise of virtual reality has been impressive and awe-inspiring. VR and AR skyrocketed in popularity, and they show no signs of stopping any time soon.
Believe it or not, virtual reality statistics say that the value of the VR and AR market in 2023 will reach a staggering $160 billion. In 2019, as many as 42.9 million Americans tried at least one virtual reality device!
So, are these trends going to spill over into the next decade? Is there an end to the VR craze that took the world by storm? Let’s find out.
How it All Came to Be – A Quick History of Virtual Reality
When it comes to VR and AR, it is clear that these technologies belong to the future. In fact, the future is already here! But before we take a peek at the trends and predictions for 2020 and beyond, let’s take a quick look in the rearview mirror.
The history of virtual reality is riddled with trial and error. One of the most famous pioneers of VR was Morton Heilig, with his multimedia cabinet, the “Sensorama.” Together with Ivan Sutherland’s “Swords of Damocles,” “Sensorama” paved the path for virtual reality.
Later on, the United States Air Force started using virtual reality in its flight simulators. The experiments with VR took off during the 80s and early 90s, and the term “virtual reality” first appeared in 1987.
But the appearance of the Oculus Rift in 2010 marked a new era for VR and AR systems. Advanced technologies raised the game to a whole new level. During 2016 and 2017, all hell broke loose when it comes to head-worn devices and similar wearables.
Therefore, let’s see the results of all the VR hype.
What Are the Most Popular VR and AR Gadgets in 2020?
Virtual reality statistics show that mobile head-mounted displays will amount to 75% of VR devices in 2020. Why is that so? What are other types of wearables available in the VR and AR market?
Well, the world of VR gadgets is a highly competitive arena. A vast number of startups and tech companies are trying to jump on the bandwagon and create a successful product. However, a couple of devices are leading the pack at the moment.
For example, the undisputed leader in the VR market is the PlayStation VR. This head-worn display offers a fantastic playing experience, allowing you to immerse yourself in the digital world. On top of that, PlayStation VR is one of the most affordable VR gadgets in the market.
Moving on from there, we should mention the likes of Oculus Rift S or Oculus Quest. These devices redefined the world of virtual reality, and it seems that the standalone Oculus Quest is the future of VR.
Similarly, HTC created the eye-catching Vive series, which also sets the gold standard for the industry. These days, their flagship the Cosmos is taking over the world and it offers a premium experience to consumers worldwide.
Possible Applications of Virtual Reality in The Years to Come
Virtual reality comes with a set of pros and cons that are still hotly debated in the tech industry. For instance, 60% of parents in the United States are worried about the safety and health issues related to the use of VR displays. On the other hand, the list of benefits of using VR and AR is long and extensive.
Some of the most notable advantages of virtual reality technology are:
- Controlled environment
- Improved retention and learning
- Enjoyable and pleasant experience
- Cost-effective training aid
Of course, a wide array of other benefits could be added to this list. Nevertheless, the important thing is that VR and AR are experiencing rapid market growth. Sooner rather than later, head-mounted displays will go mainstream.
For instance, experts predict that virtual reality will take center stage in military training. Likewise, the healthcare industry will benefit from advancements in the field of AR and VR. The simulations conducted with the help of these technologies will reduce costs and boost safety and security.
Architecture and the real estate industry could also see the rise of VR and AR applications. For example, 3D models will allow both designers and buyers to examine the property from all sides without ever setting foot in the house.
Nowadays, the gaming industry dominates the VR market share (40.5%). But the rise of virtual reality could soon expand beyond the walls of consoles and eSports.
VR and AR are introducing a paradigm shift in how we perceive the world. It could take a while before we get used to the new experience, but we are getting there. Soon, VR headsets will become affordable and easy to use, allowing for widespread use of virtual reality systems.
Without a doubt, virtual reality will remain a hot topic in the tech-related news in 2020 and beyond. The possibilities of VR and AR are endless, and we have to wait and see how we will shape the world of tomorrow.