VR is too pricey to sell

CeVB4bYW8AA9Kt6VR is still too pricey to make a clean sale, with more than half of consumers thinking that the technology is over priced.

A survey carried out by IT market analysts Context has found that almost four in ten consumers in the UK believe that VR is too expensive. That figure rises to 47 percent when extended to include thre rest of Europe.

When asked how much they would be willing to spend on their first VR headset, consumers showed they thought that spending that much dosh was a waste of time.

37 percent would prefer to pay nothing for the headset, whilst 21 percent would only be willing to pay under £100. Nevertheless, over a third (35 percent) would fork out £100 to £200, but when asked to consider the current cost of the headsets, almost four in ten (39 percent) believe they are too expensive.

It is not as if they are poorly informed. The survey also found that three in four consumers have heard of technology such as the Oculus Rift, HTC Vive or PlayStation VR.

Consumers in the UK and around Europe are most excited about VR’s applications in sport, film and TV. Half of those surveyed in the UK (51 per cent) want the chance to experience something they would never do in real life, such as sky diving.

VR’s biggest draw is currently sport, with 60 percent of consumers claiming they’re most excited about viewing a match as if they were really there. This figure rose to 65 and 66 percent in France and Germany.

The survey has found that those in the UK certainly do not see VR as a gimmick, with over half of the British public (56 percent) agreeing that VR has serious applications in fields such as medicine, science, and education. The figure rose to 68 percent with German consumers.

The tech industry has given VR a dominant focus over the past few years, and that trend looks set to continue as it becomes more widely available.