Sharp growth in the VR device market is boosting the global VR content creation market, which will be worth $41.01 billion (£31.6 billion) at the end 2023 from $147.5 million (£113. 8 million) in 2015, according to VR industry trade body UK Interactive Entertainment (UKIE).
[/private]It predicts that 70 million VR headsets will be sold worldwide in 2021, and that smart phone VR headsets sales will reach 25 million in 2018.
The organisation said the adoption of VR devices has increased sales of PC game hardware, which was valued at $331.86 million (£258 million) in 2016, up 64.3% on 2015.
Separately, BT said it will make this season’s UEFA Champions League final available to watch using VR technology. It said the match will be available via 360°streams on YouTube and the new BT Sport Virtual Reality App, allowing viewers to choose between a 360°produced programme with commentary and graphics, or select their own camera viewpoint. BT Sport is the host broadcaster for the clash between Real Madrid and Juventus on June 3.[/private]