CE Pro January 2022 - 44

Trend #4
STATE OF THE INDUSTRY
Top 5 Technologies
Virtual Reality Offers
Exciting New Avenue
As VR technology matures,
integrators are in a prime position to
enter a burgeoning market waiting
for a breakthrough of consumer
interest beyond established sectors
like gaming. By Andrew Nichols
THERE IS NO DOUBT ABOUT IT, virtual reality is
here to stay. What started off as a fringe enthusiasts
hobby in the early to mid-2010s has evolved thanks to
advances in technology and increases in consumer interest.
Now, virtual reality (VR) and its cousin augmented reality
(AR) have become one of the most promising fields in
consumer technology.
While integrators have long waited for the market to open
up and become something profitable and interesting to residential
homeowners, multiple consumer research firms are
forecasting 2022 as the year when the tech might mature to
the point where VR can be implemented in a variety of ways.
Gaming & Adjacent Entertainment
Prospects Lead the Way
The first and largest residential market to embrace VR techThe
U.S. Virtual Reality Market Size,
by Device, 2016-2028 (USD Million)
nology is the video game industry, with major players like
Oculus, HTC, and Sony continuing to not only embrace but
invest in the technology.
While opportunities for integrators to get involved in the
segment have been limited in recent years, the advent of
lower-priced, self-contained VR headsets that don't require
as beefy of a PC to power them has allowed the average
tech-savvy gamer to add VR into their everyday enjoyment
of the hobby.
This, coupled with upcoming advancements in console-based
VR from Sony and Valve, means integrators can
more easily sell VR headsets as an additional element of
gaming room installs, home theater/home entertainment
projects, and more.
Looking beyond the scope of the gaming market, several
opportunities for innovation exist within the project planGrandView
Research
splits its
VR outlook into
three devices:
head-mounted
display (HMD),
2016
205.1 508.4
2017
gesture-tracking
device (GTD) and
projectors & display
wall (PDW).
2018
2019
2020 2021 2022 2023 2024 2025 2026 2027 2028
GTD
HMD
PDW
44 | CE Pro January 2022
cepro.com
SOURCE: WWW.GRANDVIEWRESEARCH.COM
http://WWW.GRANDVIEWRESEARCH.COM http://www.cepro.com

CE Pro January 2022

Table of Contents for the Digital Edition of CE Pro January 2022

CE Pro January 2022 - Intro
CE Pro January 2022 - Cover1
CE Pro January 2022 - Cover2
CE Pro January 2022 - 1
CE Pro January 2022 - 2
CE Pro January 2022 - 3
CE Pro January 2022 - 4
CE Pro January 2022 - 5
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CE Pro January 2022 - Cover3
CE Pro January 2022 - Cover4
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