Market Overview

Virtual Reality In 2016

Virtual Reality In 2016

One of the most talked about tech trends for the coming year has been virtual reality. In years past, the technology had been confined to tech enthusiasts and niche industries, as bulky headsets and limited capabilities kept the devices from becoming a mainstream staple. However, in 2016, several firms are slated to introduce virtual reality sets that could transform the technology from a gimmicky, futuristic possibility to a must-have for average consumers.

Who Is Due To Sell

Several big name electronics makers are planning to unveil virtual reality sets in the coming year, according to The Guardian. However, very little information about exactly when the headsets will hit shelves has been made available.

Sony Corp (ADR) (NYSE: SNE) is planning to roll out a PlayStation VR and HTC will be releasing the Vive. SAMSUNG ELECTRONIC KRW5000 (OTC: SSNLF) has already released its version of virtual reality, Gear VR, which is compatible with the company's smartphones.

Related Link: Who Has The Biggest Virtual Reality Market Share?

Biggest Buzz

However, of all the upcoming virtual reality releases, Facebook Inc (NASDAQ: FB)'s Oculus Rift has received the most buzz. The new headset is said to be a game-changer for the virtual reality space, and many expect that when it comes out in the first quarter of 2016, Oculus' reception will set the tone for the rest of the industry.

Games: An Important Aspect

The greatest headset in the world would be useless without a well-designed game to go with it, and it appears that Oculus has taken this into account.

On Wednesday, the firm announced that all of its Rift headsets would come with the game "Lucky's Tale" for free. The game allows users to navigate a virtual reality world with different types of environments. The set will also come bundled with "EVE: Valkyrie" a shooting game set in space.

Not Just For Gamers

While initial users are expected to be video game enthusiasts, virtual reality has several other applications that most tech firms are betting will take off once the headsets become available. In the future, websites, movies and even TV shows may become VR compatible, giving the technology even more mass appeal.

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Image Credit: By Skydeas (Own work) [CC BY 3.0], via Wikimedia Commons


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