A few years ago virtual reality seemed like the hottest new market on the block. Big companies were scooping up headset manufacturers. Analysts were forecasting head-turning growth.
Fast forward to 2018 and virtual reality has struggled to live up to the hype. Industry tracker IDC recently reported a 33.7 percent year-over-year decline in second quarter virtual reality headset shipments, while Richard Windsor, an analyst at Counterpoint Research, warned clients in a note on Monday about headwinds stunting the market’s growth.
“There is little doubt that the market for virtual reality has entered the trough of disillusionment and it will take real progress on the limitations of the technology before it comes out again,” he wrote.