Sony is researching the possibility of using wireless technology for its PlayStation VR 2 headset. The company, however, still believes that using a cable is the best solution at the moment. More: - Sony’s SVP of Platform Experience Hideaki Nishino stated the company is aware that wireless technology would provide a different experience from the one currently available, which is why it is conducting technical research on the topic.
- VR wireless technology falls short of providing the high-resolution image quality that gamers are used to seeing in consoles and PC games, in addition to the weight and cost of batteries, which is why Sony has been hesitant to use it so far.
- Playstation VR 2 will be released on Feb. 23, 2023, and will cost around $550.
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The virtual reality and augmented reality market will be worth $451B by 2030, according to an industry report. The report also claims that the VR/AR vertical will create over 2 million jobs in the U.S. alone. More: - Worth $21B in 2021, the VR/AR market is set to grow at an annual rate of 38.5% from 2022 to 2030.
- According to the report, VR and AR will have a positive effect in making everyday routine experiences more exciting and will transform the way industries such as retail, healthcare, tourism, entertainment, and e-commerce will operate.
- The technology is also finding use in the military and in engineering projects, making for a viable business case on both the consumer and enterprise side.
- Countries such as Japan, South Korea, and China are responsible for the growth that the industry is currently experiencing, while markets like the U.S. continue to provide a boost for companies, especially in Q4.
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The U.S. Army will use Microsoft HoloLens headsets in its missions in 2023. The Army will initially utilize 10,000 HoloLens devices. More: - The IVAS system, otherwise known as the military version of HoloLens, is designed to enable U.S. soldiers to:
- see the positions of friends and enemies,
- access a virtual 3D map of the area of operations,
- see through smoke,
- send a microdrone and control it remotely,
- monitor their health,
- have night vision, etc.
- The Army has not specified where the devices will be used exactly, but it is known that they will be sent to operational and training units.
- Originally slated for a trial in 2021, the HoloLens faced several setbacks due to screen issues.
- The Army has not yet said why the HoloLens is now good enough for deployment.
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U.S. virtual reality device sales in 2022 declined by 2% compared to 2021, according to industry statistics. U.S. customers bought $1.1B worth of VR devices through early December. More: - While the holiday season is expected to be a significant boost for VR sales, the technology has failed to captivate the imagination of regular consumers and even those in a specific vertical such as gaming.
- The industry's performance globally is even more discouraging, as worldwide shipments of VR and AR devices dropped more than 12% YoY, reaching 9.6 million in 2022.
- Companies such as Meta have invested over $10B annually with the hope of creating the next wave of computing.
- Meta has become a proponent of the metaverse and the idea that a VR headset will become the primary choice for consumers who want to interact with the digital world.
- So far, sales have not materialized for any company in the market, but Meta does hold a significant advantage in terms of market share. The company is set to face competition soon, however, as Apple is reportedly preparing to launch its first VR/AR device in the near future.
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Virtual reality might help doctors analyze cancer tumors more efficiently due to a new project led by scientists from the University of Cambridge. More: - Cancer cells are often formed differently, but these changes are not analyzed as efficiently as they can be because they are viewed in 2D technology.
- By using VR, scientists will be able to analyze the different shapes and flag suspicious cells easily due to their varying colors and patterns.
- Each cell will be shown in 3D in front of the researchers and will have unique colors.
- Scientists from the IMAXT Laboratory, the cancer research institute within the University of Cambridge, stated that this technology is already proving useful in seeing how cells affect different parts of the human body.
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Shaquille O'Neal has announced that he will host a New Year's Eve virtual reality event. The event will be available on Meta Quest. More: - Officially named The Shaq'tacular Spectacular: A New Year's Eve VR Concert Experience, the show will feature the NBA Hall of Famer and other special guests such as Cardi B, Ludacris, Lil Yachty, etc. Shaq will host and play music throughout the event.
- The 7-foot-1-inch four-time NBA champion stated that he is a big fan of VR and believes in its entertainment potential, mentioning that this technology has enabled him to enjoy roller coasters for the first time.
- The show will begin on Dec. 31 at 6:30 p.m. EST and will also be available on Facebook, Instagram, and Messenger.
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- Children in Ukraine are being taught how to avoid mines through augmented reality lessons.
- VoxelSensors and OQmented have announced a partnership that will focus on creating high-performance 3D perception systems for AR/VR/MR and XR devices. The two companies believe their technology can capture fast movements faster than other solutions in the market.
- Peggy Johnson, CEO of Magic Leap, stated that immersive AR technology is likely to be delivered to consumers within the next five years and that the current level of development in the industry is not sufficient to attract massive interest from the general public.
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Upcoming events at Inside: - January 05 - AMA with Gun.io - Building and managing software development teams w/ Deividi Silva (Watch On Demand)
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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