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