16/03/2016 3:25 PM AEDT | Updated 15/07/2016 12:51 PM AEST

Playstation's VR Headset Is Coming In October

GLENN CHAPMAN via Getty Images
Nick Pino of TechRadar tries out a PlayStation VR video game at a Sony press event March 15, 2016 in San Francisco.Sony on March 15, 2016 said it plans to make virtual reality mainstream with the October release of PlayStation VR headgear priced at $399. / AFP / GLENN CHAPMAN (Photo credit should read GLENN CHAPMAN/AFP/Getty Images)

Playstation has set an October release date and $549 price tag for its virtual reality headset.

Sony Entertainment announced the late-year release date on Wednesday, saying it will be released simultaneously in Japan, North America, Europe, Asia, Australia and New Zealand.

Playstation announces the PS VR with the U.S. price tag.

PS VR will let players immerse themselves in a virtual world, and allows 360-degree vision and 3D audio that lets you pinpoint sounds all around you.

A screenshot from RIGS, a game designed specifically for the PS VR

"PlayStation VR represents a transformative experience in gaming, and we wanted to take the time needed to launch with a broad variety of content and a sufficient supply of hardware," Playstation President and Global CEO Andrew House said in a statement.

The company says more than 230 developers are building content for PlayStation VR, and more than 50 games are expected to be available from launch in October 2016.

This includes the online multiplayer Star Wars Battlefront, the VR version of which House described as a "cinematic gaming experience."

The PS VR kit will sell for $549

Sony Entertainment is a virtual late comer to the Virtual Reality party, with both Oculus Rift and the HTC Vive expected for commercial availability by May. Both of VR machines offer offer support for a number of PC games, an advantage they they may not hold for long.