Valve's new VR headset has been confirmed

With that said, it's clear Valve is taking hardware development seriously. Last year, the company introduced the Steam Deck, which became a huge hit among gamers looking for a portable gaming option. The Steam Deck is now part of Valve's long-term plans with a successor already in the pipeline.

The Steam Deck's success is partly due to the device launching with a lower price tag compared to other handheld PCs on the market. However, Valve's Index is priced at $1,000 and faces strong competition from other headsets that are available for a lower price.

Recently, Sony released the PlayStation VR2 headset at half the price of a Valve Index. The PS VR2 has received glowing reviews from gamers for being a feature-packed device.

Meta also released the Meta Quest 2 for just $299. The budget-friendly device has received positive reviews and Meta has shipped over 10 million headsets since its release.

It will be interesting to see how Valve competes with lower-priced options that are currently available in the market. Sony's offering is already being considered a premium option and a higher-priced device may struggle in a market that is the in midst of a recession.

Hopefully, Valve will use the success of the Steam Deck as a springboard for its new VR headset. A reasonably priced and feature-packed device may perform really well in the VR niche.