NEW YORK, September 29, 2016 /PRNewswire/ --
One of the more interesting recent market trends and potentially
blockbuster technological breakthroughs is the move of Virtual
Reality (VR) and Augmented Reality (AR) into mainstream. According
to BIS Research (Business Intelligence and Strategy
Research), a market research and advisory company, the
global The AR and VR market is estimated to grow over $161 billion and $17
billion by 2022 at a CAGR of 85.4% and 44.5% respectively
through 2015-2022, with North
America leading the market. Vuzix Corporation
(NASDAQ: VUZI), Microsoft Corporation (NASDAQ: MSFT),
Facebook, Inc. Alphabet Inc. (NASDAQ: GOOGL),
Intel Corporation (NASDAQ: INTC)
From the research it is clear that Augmented Reality is about to
become the more prominent product of the two. AR devices are
essentially smart glasses, and the target demographic for smart
glasses includes not only the average high tech enthusiast but
businesses and industrial clients as well. Similar to
smartphones, smart glasses are intended to run applications
designed to incorporate the advantages of the gadget, meaning that
an abundance of features are available for the user's convenience,
including a camera, a phone, GPS navigation with map display,
graphical display, speaker, scheduler, barcode scanner and many
more, all displayed in high definition in front of the user's eyes,
keeping the hands free.
Several companies are currently at the forefront when it comes
to innovations in this segment. Vuzix Corporation (NASDAQ:
VUZI), a manufacturer and seller of eyewear technology for various
purposes, has developed a portfolio of products over the years.
Vuzix has smart glasses, video eyewear, augmented reality and
virtual reality devices in its portfolio, which have won 13
Consumer Electronics Show Innovations Awards and several wireless
technology innovation awards. The smart glasses, M100, is the
company's most popular product as of yet.
Just yesterday, Vuzix Corporation (VUZI) announced that
it has begun shipping units of the next generation of smart
glasses, the M300. The device is being shipped only to select
enterprise customers and VIP developers. The devices are initial
DVT (Design Validation Test) units, which are going through final
certification. Soon Vuzix will also begin shipping the M300 DVT's
to key end users ad clients such as DHL, SAP, GE, Boeing, and
others to begin the migrating process from their existing Vuzix
products to the M300.
Another popular product of Vuzix Corporation (VUZI) is
the iWear Video Headphones. This is a virtual reality device which
includes a pair of video headphones, with a mobile wearable
video display and gaming solution featuring dual high-definition
displays. The device is capable to display 2D and 3D video and
advanced interactive Virtual Reality and 3D titles.
As a semiconductor, Intel Corporation (NASDAQ: INTC) has
shown great interest in VR and AR. Last Year Intel has invested
$24.8 million in Vuzix Corporation
(VUZI), and this August has announced a partnership with
Microsoft Corporation (NASDAQ: MSFT) to bring virtual
reality into the mainstream. Currently VR headsets require high-end
computers with expensive graphic cards, which most people don't
possess and have no intentions to buy, therefore fixing the problem
is crucial in order to introduce the products to a wider
audience.
Speaking of Microsoft Corporation (MSFT), their approach
to augmented reality is the most innovative in the market, and also
the most expensive. Microsoft's HoloLens costs $3,000 and is the first fully self-contained,
holographic computer, enabling you to interact with high-definition
holograms around the user. The device already has hundreds of apps
to download. Recently the Lowe's home improvement store chain
announced that it will expand a pilot program using the HoloLens
allowing consumers to virtually design kitchens.
Facebook Inc. Oculus Rift VR
headset device, which has an OLED display 1080×1200 resolution per
eye, a 90 Hz refresh rate, and 110° field of view. The device
creates a virtual 3D space, allowing for the user to be immersed in
a virtual world while sitting, standing, or walking around the same
room. The device is designed for gaming purposes and comes with
special controllers. The Oculus Rift costs $599.
Recently it was reported by Engadget that Alphabet Inc
is still working on their version of a VR or AR headset. Not
much is known about the mysterious device, but it seems that no
phone or computer will be needed to make the headset work. This
will not be Google's first attempt in this sector, as few years ago
the company failed to successfully launch Google Glass.
Subscribe Now! Watch us report from NYSE
https://www.youtube.com/FinancialBuzzMedia
For "The Latest Buzz in Financial News", SIGN UP & Visit:
http://www.FinancialBuzz.com
Follow us on Twitter for real time Financial News Updates:
https://twitter.com/financialbuzz
Follow and talk to us on Instagram:
https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds:
https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web
portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth
broadcasts on Stock News, Market Analysis and Company Interviews. A
pioneer in the financially driven digital space, video production
and integration of social media, FinancialBuzz.com creates 100%
unique original content. FinancialBuzz.com also provides financial
news PR branding, marketing and advertising for third parties for
disseminating news and original content through our unique media
platform that includes Newswire Delivery, Digital Advertising,
Social Media Relations, Video Production, Broadcasting, and
Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or
advisor, investment advisor or broker-dealer and do not undertake
any activities that would require such registration. The
information provided on http://www.FinancialBuzz.com (the "Site")
is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content),
FinancialBuzz.com, a financial news media and marketing firm enters
into service agreements with the companies which are the subject to
the articles posted on the Site for advertising such companies.
Financialbuzz.com has been compensated twelve thousand dollars for financial news pr
services by a non-affiliated third party for vuzi corporation. We
are not an independent news media provider and therefore do not
represent or warrant that the information posted on the Site is
accurate, unbiased or complete. FinancialBuzz.com receives fees for
producing and presenting high quality and sophisticated content on
this site along with other financial news pr media services. Our
fees may be either a flat cash sum or negotiated number of
securities of the companies featured on this site, or a combination
thereof. The securities are commonly paid in segments, of
which a portion is received upon engagement and the balance is paid
on or near the conclusion of the engagement. FinancialBuzz.com does
not undertake to update any of the information on the Site or
continue to post information about any companies the information
contained herein is not intended to be used as the basis for
investment decisions and should not be considered as investment
advice or a recommendation. The information contained herein is not
an offer or solicitation to buy, hold or sell any security.
FinancialBuzz.com, members and affiliates are not responsible
for any gains or losses that result from the opinions expressed on
the Site, company profiles, quotations or in other materials or
presentations that it publishes electronically or in print.
Investors accept full responsibility for any and all of their
investment decisions based on their own independent research and
evaluation of their own investment goals, risk tolerance, and
financial condition. FinancialBuzz.com. By accessing this website
and any pages thereof, you agree to be bound by the Terms of Use
and Privacy Policy, as may be amended from time to time. None of
the content issued by FinancialBuzz.com constitutes a
recommendation for any investor to purchase, hold or sell any
particular security, pursue a particular investment strategy or
that any security is suitable for any investor. This publication is
provided by FinancialBuzz.com. Each investor is solely responsible
for determining whether a particular security or investment
strategy is suitable based on their objectives, other securities
holdings, financial situation needs, and tax status. You agree to
consult with your investment advisor, tax and legal consultant
before making any investment decisions. We make no representations
as to the completeness, accuracy or timeless of the material
provided. All materials are subject to change without notice.
Information is obtained from sources believed to be reliable, but
its accuracy and completeness are not guaranteed. For our full
disclaimer, disclosure and Terms of Use. Please visit:
http://www.financialbuzz.com
For further information:
Media Contact: Danny A., info@financialbuzz.com,
+1-877-601-1879
SOURCE FinancialBuzz.com