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Mixed and Extended Reality Headsets to Drive Strong Growth Through 2028, According to IDC

The decline in worldwide shipments of augmented reality and virtual reality (AR/VR) headsets continued during the second quarter of 2024 (2Q24) as volumes contracted 28.1% year over year to 1.1 million units, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. The decline is expected to carry forward as full year shipments are forecast to fall 1.5% in 2024 before the market soars to 41.4% growth in 2025 thanks to new tech and more affordable devices.

The first quarter of 2024 was marred by a weak economy, upward momentum of average selling prices (ASPs), and excess inventory in the case a major player; Sony. During the second quarter, many of these issues were alleviated though prices remained elevated. Meta led the pack with 60.5% share during the quarter, followed by Sony, Apple, ByteDance, and XREAL.

"In recent quarters, mixed reality (MR) headsets took a leap forward in fidelity, first with the launch of the Quest 3 and later the Vision Pro," said Jitesh Ubrani, research manager, Worldwide Mobile Device Trackers at IDC. "However, the lack of affordable options has meant that few consumers have experienced this new technology, but that will change as Meta is expected to launch a more affordable version which will help the market return to growth in the coming year."

Extended reality (ER) headsets are also forecast to grow thanks to the inclusion of artificial intelligence (AI) and consumer-friendly designs. "Similar to the early days of this industry, we're seeing a slew of new startups and next generation products from established brands targeting the 'smart glasses' space. What's different this time around is the inclusion of AI along with thinner and lighter designs catering to consumers," added Ubrani.

Augmented reality devices are also expected to drive growth although shipment volumes will remain low as the tech has proven to be quite difficult to produce at scale while also overcoming barriers such as price, fidelity, battery life, thermals, and optics. Existing AR champions such as the HoloLens are also expected to give way to mixed reality devices in the future as some of the use cases can be fulfilled by this new class of headsets which will also be more affordable.

In total, IDC expects the industry will grow from 6.7 million units in 2024 to 22.9 million in 2028 with a compound annual growth rate (CAGR) of 36.3%. Benefitting from the confluence of both AR and VR, MR devices are expected to lead, representing over 70% of the volume in 2028. Meanwhile, ER devices, with a simple heads-up display or content mirroring, will capture over a quarter of the market.

A graphic illustrating IDC's 2024-2028 forecast for worldwide shipments of AR, ER, MR, and VR headsets is available by viewing this press release on IDC.com.

About IDC Trackers

IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.

For more information about IDC's Worldwide Quarterly Augmented and Virtual Reality Headset Tracker, please contact Jackie Kliem at 508-988-7984 or jkliem@idc.com.

Click here to learn about IDC's full suite of data products and how you can leverage them to grow your business.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.

All product and company names may be trademarks or registered trademarks of their respective holders.

Worldwide shipments of augmented reality and virtual reality (AR/VR) headsets declined 28.1% year over year to 1.1 million units in Q2 2024, according to the IDC Worldwide Quarterly Augmented and Virtual Reality Headset Tracker.

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