The virtual reality and augmented reality markets are growing at a rapid pace and are projected to reach $120 billion by 2020, according to digi-capital.com. The augmented reality market could account for $90 billion, leaving the remaining $30 billion for virtual reality. As per the latest research from Greenlight VR, customer interest in VR is inching higher. Apart from gaming, users are likely to use VR for entertainment, education, travel, events, etc.
Although there are several companies that are betting big on virtual reality, Himax Technologies (NASDAQ:HIMX) is one of my favorite picks because the company has been working on this particular technology for quite some time. It was almost a flat year for the company in 2015, but it has performed well this year, beating top-line and bottom-line estimates for the past three quarters. Continue Reading »