China's VR Market Will Exceed $90 Billion By 2020
- Sep 29, 2017-
As a market of 1.4 billion people, China's virtual reality market is leading the world. Statistics show that by the first quarter of 2017, China's market share of VR industry is second only to that of the United States and Japan, and is the third largest market for VR in the world. Recently, according to the sadie think-tank, predicts that in 2020, VR equipment shipments will reach 8.2 million units in China, the number of users, more than 25 million VR equipment market scale will account for 34.6% of global scale, virtual reality the size of the market is expected to more than 55 billion . China will lay a solid foundation for popularizing virtual reality technology.
In the field of VR/AR, Chinese startups are very active, and some of the key technologies and design concepts have been in the forefront of the world. Breakthroughs have been made in the field of interactive technology, optical field technology and industry application. However, virtual reality startups are generally difficult to attract talents, capital accumulation and management ability, and need the guidance and support of government and investment institutions. Now state has taken various measures, including the various virtual reality entrepreneurship competition to guide business, set up investment fund to increase capital investment, as well as supporting various preferential policies to support the business enterprise.
We hope that by 2020, we can see a thriving virtual reality industry that can profoundly affect our daily lives