The battle for supremacy in the world of augmented and virtual reality devices is heating up,
with #Apple and #Meta taking center stage. On June 5th, Apple is rumored to launch its XR Glasses at the Worldwide Developers Conference (#WWDC) for an expected price of $3000. Meanwhile, Meta, formerly Facebook, has announced its Meta Quest 3 VR/MR Glasses to compete with Apple.
But the competition doesn't stop there, with HMD companies from around the world, including Magic Leap, HTC, NReal, Lenovo, Samsung, Sony, HP, PicoVR, and many others, joining the race including some from India notably #ajnalens & #jioglasses.
The HMD market is not new, but it is rapidly evolving. Companies have been working on AR and VR devices for years, but advancements in technology have made them more powerful, affordable, and accessible. With the current pandemic accelerating the adoption of digital technologies, the HMD market is expected to grow even further.
The battle for supremacy in the HMD market is not just about hardware, but also about the ecosystem that surrounds it. Apple and Meta are both working on creating a metaverse, a virtual world where people can interact with each other and digital objects in a shared space. This metaverse is expected to be the next big thing after mobile phones, replacing screens with HMDs as the sole interface.
However, it's not just the big tech companies that are in the race. There are many startups that are agile and can innovate faster. These startups can back-engineer the best products and add their own tech without spending on massive R&D budgets like Apple, Meta, and other big tech companies. This puts them in a unique position to disrupt the market and challenge the established players.
So who will lead the HMD market in the future? It's hard to say. Apple and Meta have the advantage of being big tech companies with vast resources, but they also have to navigate regulatory challenges and privacy concerns. Startups, on the other hand, are nimble and can innovate faster, but they may lack the resources to scale up and compete with the big players.
In conclusion, the HMD market is a rapidly evolving space, and the battle for supremacy is just beginning. Apple and Meta are two of the biggest players in the market, but they face competition from startups and established HMD companies from around the world. The world is moving towards HMDs being the sole interface that replaces phones, computers, and screens, and the company that can create the best product and ecosystem will lead the way. It's an exciting time for the HMD market, and we can't wait to see what the future holds.