Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets

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The coronavirus outbreak will cause temporary manufacturing and shipment delays - however the demand for consumer AR and VR devices and content has been increased

Industry 4.0

Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets
Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets

ABI. The Coronavirus outbreak will cause manufacturing delays at the source and reduce the overall demand for Augmented Reality (AR) Smart glasses. At the same time, there will be a significant increase in demand on both the enterprise and consumer side as telepresence and content demand grows. The balance between these two will see 16 million AR & Virtual Reality (VR) head mounted display (HMD) shipments in 2021, maintaining the trajectory of the 3.5 million consumer AR shipments in 2024, states global tech market advisory firm, ABI Research. “The coronavirus outbreak will cause temporary manufacturing and shipment delays, however the demand for consumer AR and VR devices and content has been increased due to home isolation, balancing initial drop in demand and financial losses for providers,” says Eleftheria Kouri, Research Analyst at ABI Research.

Posted on May 21, 2020 - (400 views)
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