Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

The Potential Behind the VR and AR Segments

NEW YORK, November 17, 2016 /PRNewswire/ --

The wearable devices market is already becoming an integral fraction of the technology sector, yet some wearables are more interesting than others. Virtual Reality (VR) headsets and Augmented Reality (AR) smart-glasses are particularly interesting products. Not only is the technology is impressive, but also because of the wide range of application in which such devices can be used. VR headsets seem to concentrate on entertainment, but the AR smart-glasses can be used for much more, including industrial, manufacturing and medical applications. Vuzix Corporation (NASDAQ: VUZI), Intel Corporation (NASDAQ: INTC), Alphabet Inc. (NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL)

According to CCS Insight's report on wearable tech forecast, shipments of AR and VR headsets forecast to grow 15 times to 96 million units by 2020, at a value of $14.5 billion. The report also indicates that the AR segment alone is expected to grow into a $1 billion business in 2017. As the technology continues to evolve AR products are expected to become an enterprise market opportunity, unlike the consumer focused VR.

Vuzix Corporation (NASDAQ: VUZI) is a developer and supplier of smart glasses and video eyewear products in the consumer, enterprise and industrial markets. The company's technology and premise attracted attention. In January 2015 Vuzix received a $24.8 million investment from Intel Corporation (NASDAQ: INTC) to be used as working capital to accelerate the research and development of the next generation of Vuzix wearable display products for the consumer marketplace. The major shareholders of Vuzix are the founding management team and Intel Corporation, which collectively own approximately 40% of the company.

On November 11th Vuzix Corporation announced that it has received four International CES Innovation 2017 awards, for its upcoming Blade 3000 Smart Sunglasses. The Blade 3000 Smart Sunglasses have a wearable smart display which uses the company's proprietary waveguide optics and Cobra II display engine. The company described it as "having your computer or smartphone screen information with you wherever you go."

Another popular product of Vuzix Corporation is the Vuzix M300, next generation of Smart Glasses for hands-free mobile computing. The wearable device designed to provide easy access to information, data collection and more. The company claims that the M300 has potential to open new opportunities in industrial, medical, retail, supply chain, remote help desk, and other aspects of your business. 

Alphabet Inc. (NASDAQ: GOOGL) Google glass failed, but the potential was there, and new technology will build on it. Google Glass has received the most exposure in healthcare and has been important in stimulating companies to further develop applications and hardware for smart glasses. Google Glass is considerably one of the very first extensive instances of Smart Glasses in the health sector. The goal for medical professionals, is to bring better care and the existing systems assembled upon Google Glass only draws closer. Smart Glasses with hands free interaction and its AR capabilities will allow doctors access to all the necessary tools desired to accomplish this goal.

Microsoft Corporation (NASDAQ: MSFT) holographic computer built-in headset, HoloLens, spans realities by connecting virtual reality and augmented reality to form a brand new reality, mixed reality. Interacting with holograms in mixed reality allows users to discover, envision, create, visualize and work with digital content as part of their real world. HoloLens generate a more natural way to interact with built in features called Gaze, Gesture, and Voice. Built-in sensors allow users to gaze and move the cursor in order to select holograms, simple gestures open apps allowing its drag and drop function, and voice commands navigate and select through the apps with a built-in assistance known as Cortana to aid users. Currently, the Microsoft HoloLens Development Edition is $3,000 USD.

Apple Inc. (NASDAQ: AAPL) is said to be jumping on the smart-glasses market train and may launch a product by 2018. With Chief Executive Officer Tim Cook's comments on his interest being pretty explicit, it's a given that Apple is looking into augmented reality along with numerous patents which have surfaced. Bloomberg states Apple has recently opened up the idea during meetings with possible providers for components of augmented reality glasses and "has ordered small quantities of near-eye displays from one supplier" for testing purposes. The device would connect to the iPhone and present images over the wearer's vision - a la Google Glass.

For "the Latest Buzz in Financial News" SIGN UP! Visit: http://www.FinancialBuzz.com

Subscribe Now! Watch Weekly Video Reports https://www.youtube.com/FinancialBuzzMedia

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 pr 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 dissemination and pr services by a non-affiliated third party for vuzix 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: info@financialbuzz.com , +1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 Sausalito.com & California Media Partners, LLC. All rights reserved.