We are still at the early stages; but it is awesome to observe that, large tech companies and Venture firms are showing high interest in Augmented Reality and Virtual Reality industry through various acquisitions and others.
 |
| head mounted display (HMD) device. |
The need to increase scale, substantial growth of startup
companies, intense industry competition, and the need for companies to improve
their technology, product, and services portfolio are real.
In fact, the usage
of augmented reality and virtual reality is gaining traction with also the
increasing support of both hardware manufacturers and software developers in
applications such as gaming, entertainment, retail, medical, defense among
others.
According to Research and Markets, the manufacturing industries are significant
in the augmented reality and virtual reality market. ‘Hardware components such
as electronic and sensing parts are manufactured by vendors and then they are
integrated by the device manufacturers such as HMDs’.
The market for head mounted display (HMD)
devices and software game developers are
on an exciting curve across various applications such as engineering,
architecture, gaming, healthcare among others.
The following
players
within this industry are very dynamic.