Virtual Reality (VR) technology has become more affordable for end users due to several reasons:
- Advancements in Technology: The advancement in VR hardware and software technology has led to more cost-effective production processes, making VR devices and experiences more accessible to consumers.
- Increased Competition: The increasing demand for VR technology has increased the number of VR companies entering the market, leading to more competition and lower consumer prices.
- Wider Adoption: As VR technology becomes more widely adopted, economies of scale are achieved, leading to lower costs for production and distribution.
- More Affordable VR Headsets: The release of more affordable VR headsets, such as the Meta Quest 2 and Pico 4, has made VR more accessible to consumers, as they no longer need a high-end gaming PC to experience VR. These headsets even can be purchased on Amazon from official resellers, and the price is so affordable - $400 per headset.
- Subscription-Based Models: The introduction of subscription-based models, such as those offered by VR arcades or gaming platforms, has made VR more accessible to consumers, as they no longer need to make a large upfront investment to experience VR. PsyTech VR also offers a subscription-based model which is cheaper than 1 visit to mental health specialists but available for every day unlimited use.
In conclusion, advancements in technology, increased competition, wider adoption, more affordable VR headsets, and subscription-based models have made VR technology more affordable for end users.