VR Headset user numbers to see stellar growth in select Asian markets by 2023

Pioneer Consulting Asia-Pacific releases its COVID-19 adjusted VR Headset User Forecasts for Key Asian Markets: Indonesia, Malaysia, Philippines, Singapore & Thailand

2nd December, 2020 - The Virtual Reality (VR) headset penetration in Indonesia, Philippines and Singapore is projected to reach 4%, 6% and 15% in 2023, respectively according to Pioneer Consulting Asia-Pacific.

The increase in popularity of VR headsets can be attributed to the increase in development of consumer VR content, improved wearability of headsets and falling costs. Other factors affecting VR adoption on a market by market basis include: the speed of recovery from COVID-19, existing affinity for Western content, and the extent of 5G rollouts over the next 3 years.

Report Highlights:
• Singapore is expected to have the highest VR headset user penetration, followed by Malaysia, Thailand, Philippines and Indonesia.

• Covid-19 has also led to an increase in adoption of alternative forms of digital entertainment, especially VR. During the pandemic lockdown, face-to-face social interactions were kept to the minimum, hence consumers turned to VR to simulate social interactions and pass time.

Pioneer Consulting Asia-Pacific
Virat Patel
1 High Street Centre,
Singapore 179094
www.pioneerconsultingasia.com

Pioneer Consulting Asia-Pacific is a boutique international management consultancy headquartered in Singapore. We have three main areas of practice: strategy consulting, research and training