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Japan’s Sharp Bets Big On VR Hardware To Capitalize On Metaverse Boom

Sharp is presently the biggest supplier of Vr hardware displays for the Oculus Quest 2 headset that is made by Meta, Facebook for Metaverse.

Japan’s Sharp Bets Big On VR Hardware To Capitalize On Metaverse Boom

Japan’s Sharp has quietly over the last few years been developing VR displays and this move is slated to bear fruit as the company places an aggressive bet on the emerging Metaverse. 

Sharp started its VR hardware development journey back in 2016 and started allocating additional resources to the higher-margin and niche markets like automotive solutions, virtual reality, and now, Metaverse.

The VR segment is finally starting to generate substantial revenue for Sharp back last year, according to sources, with monthly shipments of top-of-the-line VR displays exceeding 1 million units in the October-December quarter. Sharp is presently the biggest supplier of displays for the Oculus Quest 2 headset that is made by Meta, a partner of Facebook. 

For 2021, the revenue from Sharp’s VR displays accounted for more than $200 million, the amount is calculated on the base price of $50 for each display unit. Processor chips and displays are among the costliest components of the VR device. 

The Metaverse concept has increased the demand for VR devices. The metaverse is a digitally enhanced world where people can attend events together as well as take part in common activities despite being located in different places. 

Meta is one of Sharp’s biggest clients for VR and is the leader in the VR device market. Meta’s Oculus series counts for 75% of the total standalone VR market. 

The market for VR and Augmented Reality devices is slated to grow to 32.8 million units by 2025, which is a compound annual growth of 45.9%. Sharp appears to have taken the right call with a focus on AR and VR as a new field of growth, increasing its LCD panel displays shipments at a rapid pace.

 Sharp signs off by saying it will go on to strengthen its superiority in the market henceforth. 

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