Do I ship it?

GamesVisual NovelVisual Novel + Historical

Specimen · observed

Should I ship a Historical Visual Novel?

Visual Novel + Historical

Of 136 developers who shipped a Historical Visual Novel in the last 2 years: 3 in 10 made under est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method., the middle one made est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method., 1 in 4 cleared est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method., 1 in 20 cleared est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method.. 214 more are announced, ×2.7 for every developer who shipped in the last year.

Verdict: poor odds, for a 5 / 10 build.

The middle developer here made $2.9k, ×4.7 the market's $630 for a 5 / 10 build, and 3 in 10 made under $720; 1 in 20 cleared $690k, ×1099 the market median. Revenue is down 25% on the market; 214 games are announced against 79 developers who shipped in the last year.

Deciding numbers: median 4.7 times the market baseline, revenue down 25% on the market, 214 announced, ×2.7 per developer who shipped in the last year.
Nobody has said they are building this yet.
Visual Novel + Historical
Fig. 1 · this niche among 16,100
Plate 1 · outcomes, 2 yr n = 136
Median est. gross by half-year cohort, 2023 H1 to 2026 H2: $9.4k → $9.0k → $16k → $1.9k → $7.9k → $1.5k → $4.0k (still earning) → $2.7k (still earning)
The last cohort is still earning.
Outcomes for Visual Novel + Historical: Plate 1 · outcomes, 2 yr, n = 136
Bottom 30% $719 (exactly $719)
Median $2.9k (exactly $2,936)
Top 25% $34k (exactly $33,592)
Top 5% $690k (exactly $690,474)
Developers, 2 yr 136
Released games 447
Announced 214
Effort 5 / 10
AI-buildability Medium
Typical price $8.99

momentum: how a niche's revenue percentiles and developer count moved between two equal, adjacent periods, divided by the market's own move. See method., 12 months: revenue down 25% on the market, supply 30% more developers than the period before.

Free games: 21%, excluded from money figures.

See every window in the explorer →

Plate 2 · systems and tooling

Can AI deliver it?

AI-buildability for this niche is medium: the lowest rating among its tags.

Visual Novel
effort 2 / 10 · high · script, choices and static art
Historical
effort 5 / 10 · medium · effort 5 sits in the medium band

How the rubric works →

Plate 3 · the cost side

What it takes

Effort
5 / 10 · real systems or entry 3D
Systems
Visual Novel; 6 in 10 of the top 25% also carry Adventure, Multiple Endings, Choices Matter
Price point
$8.99 typical · top 25% priced $15.58 or above
Art
4 in 10 of the top 25% ship with Story Rich, Anime, 2D
Plate 4 · demand

Why players buy here

The top 25% priced at $15.58 or above; the middle game at $8.99.

The top 10 games average 80% positive over 33,531 reviews.

Plate 5 · the loss side

What kills games here

Developer outcomes in the last 2 years by share: 3 in 10 under $720, median $2.9k, 1 in 4 over $33k, 1 in 20 over $690k.

3 in 10 developers made under $720. 7 in 10 of the 74 games released 1 to 2 years ago have fewer than 100 reviews. 214 games are announced against 79 developers who shipped in the last year, ×2.7 per shipper.

Plate 6 · same mechanic, other settings

Adjacent niches

Visual Novel with a different setting or mood, ranked by verdict then median.

  1. + FMVStrong odds166 devs · median $54k · 146 announced
  2. + City BuilderStrong odds10 devs · median $19k · 8 announced
  3. + MusicStrong odds27 devs · median $18k · 24 announced
  4. + TrainsStrong odds12 devs · median $8.0k · 5 announced
  5. + Souls-likeFair25 devs · median $27k · 17 announced
  6. + MinigamesFair20 devs · median $22k · 19 announced
  7. + RhythmFair38 devs · median $18k · 52 announced
  8. + JRPGFair219 devs · median $13k · 265 announced
  9. + Immersive SimFair399 devs · median $7.8k · 453 announced
  10. + SwordplayFair13 devs · median $5.7k · 10 announced
  11. + GamblingFair16 devs · median $5.7k · 12 announced
  12. + DiplomacyFair16 devs · median $5.4k · 19 announced

All 188 pairs on the Visual Novel page

Plate 7 · comparable specimens, by est. revenue

Comparable games

Capsule Game Released Price Reviews Est. copies Est. revenue Developer
The Hungry Lamb: Traveling in the Late Ming Dynasty older $9.99 49,765 94% 1.5M $15M (exactly $14,914,570) 零创游戏(ZerocreationGame)
Murders on the Yangtze River older $14.99 15,833 96% 475k $7.1M (exactly $7,120,100) OMEGAMES STUDIO
The Great Ace Attorney Chronicles older $39.99 5,113 93% 153k $6.1M (exactly $6,134,066) CAPCOM Co., Ltd.
Fate/Samurai Remnant older $39.99 5,018 90% 151k $6.0M (exactly $6,020,095) KOEI TECMO GAMES CO., LTD.
Fate/stay night REMASTERED older $29.99 4,277 95% 128k $3.8M (exactly $3,848,017) TYPE-MOON, fuzz Inc.
Ken Follett's The Pillars of the Earth older $19.99 5,926 92% 178k $3.6M (exactly $3,553,822) Daedalic Entertainment
Sailing Era older $24.99 4,565 78% 137k $3.4M (exactly $3,422,380) GY Games
Banner of the Maid older $16.99 6,580 86% 197k $3.4M (exactly $3,353,826) Azure Flame Studio
Road to Empress I $8.49 11,829 86% 355k $3.0M (exactly $3,012,846) New One Studio
The Weeping Swan: Ten Days of the City's Fall $11.99 8,227 58% 247k $3.0M (exactly $2,959,252) 零创游戏(ZerocreationGame)
Shao Song I $14.99 2,671 81% 80k $1.2M (exactly $1,201,149) 互动之星, 猫眼娱乐
Conquer the world $12.99 1,996 92% 60k $778k (exactly $777,841) 互动之星
再见断刀 $9.99 2,563 92% 77k $768k (exactly $768,131) 非侠游戏
咸鱼殿下 / My journey $11.99 1,979 85% 59k $712k (exactly $711,846) 大聪明工作室
The Necromancer's Tale $24.99 921 91% 28k $690k (exactly $690,474) Psychic Software
Hua Manlou $10.99 1,481 97% 44k $488k (exactly $488,286) 初域游戏
Half-Demon Shinobi $10.99 1,242 89% 37k $409k (exactly $409,487) 樹懶叫工作室, 紳士吉娃, Maker製造機
The Shell Part III: Paradiso $19.99 622 96% 19k $373k (exactly $373,013) Innocent Grey

Estimates: copies = reviews × 30, gross = copies × list price.