Acer and Starbreeze Teamed Up to Form a Joint-Venture Company

Sweden: Computer hardware manufacturing company, Acer and software developer Starbreeze has partnered to form a new joint-venture company, Acer Starbreeze Corporation for design, manufacturing, promotion, marketing and sales of StarVR Virtual Reality Head-Mounted Display.

Acer and Starbreeze would hold 50:50 shares in the new joint-venture company. Acer Starbreeze Corporation currently has authorized capital of USD25 Million which is shared equally between both companies. On the basis of capital needs and planned schedule, more funds will be added by Acer and Starbreeze to the joint-venture company.

StarVR Virtual Reality Head Mounted Display is designed for location-based entertainment venues, such as IMAX theatres, arcades, and so on. Starbreeze has planned to ship a small number of StarVR headsets in 2016, however the complete full production of StarVR headsets would begin in 2017.

TechSci Research depicts that with rising demand for head-mounted displays in consumer electronics segment, growing demand for HMDs in gaming & entertainment industry, increased IT spending by enterprises as well as government, and so on would fuel the demand and market for virtual reality head-mounted displays worldwide especially in developing countries such as the United States.

According to the recent report published by TechSci Research, “United States Augmented Reality and Virtual Reality Market Forecast and Opportunities, 2020”, the market for augmented reality and virtual reality in the United States is projected to grow at a CAGR over 37% during 2015-2020. Growing adoption in automotive, pico-projectors, and gaming & entertainment industries, for display of information, along with facilitation of real-time human interaction with objects and digital devices, are anticipated to be the major growth drivers for United States augmented reality & virtual reality market over the next five years.