The current PlayStation VR model has been confirmed to work with Sony’s upcoming PlayStation 5, allowing you to play current PSVR titles through backwards compatibility. A new, enhanced device which could take full advantage of the next-generation console hasn’t been announced just yet, and while its reveal most likely won’t take place for quite a while, it does sound like one is in the pipeline.
Alongside speculation that Sony is struggling with expensive components for the PS5, Bloomberg reports that the hardware manufacturer has an all-new headset in at least the planning stages. “Separately, Sony plans to release a new version of the PlayStation VR virtual-reality headset, tentatively scheduled after the PlayStation 5 goes on sale, the people said.”
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Source: PushSquare: http://www.pushsquare.com/news/2020/02/rumour_psvr_2_planned_to_launch_after_ps5_release