Owing largely in part to strong sales of PC VR (Virtual Reality) and standalone VR HMD (Head Mounted Display) devices, Taiwanese VR HMD industry's shipment volume grew 18% sequentially in the fourth quarter of 2016, according to research from MIC (Market Intelligence & Consulting Institute), a Taipei-based IT research institute.

Taiwanese VR HMD Shipment Volume, 1Q 2016 – 4Q 2017

Source: MIC, April 2017

"Bolstered by continued demand from tech-savvy consumers, hardcore gamers, and enterprise consumers, the industry is anticipated to have grown 37% sequentially in the first quarter of 2017 and the growth momentum will likely to persist throughout 2017," says Steven Hsu, industry analyst with MIC. "On top of that, we found that about 80% of VR HMD shipment value is contributed by high-end PC VR HMDs."

To see more about this report, please visit: The Taiwanese VR Head Mounted Display Industry, 1Q 2017

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About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. https://mic.iii.org.tw/english