2017 Asia VR&AR Fair & Summit(VR&AR Fair 2017)
Facebook spending $2 billion purchasing industrial leader Oculus VR is deemed to be the beginning of VR boom. In 2016 VR was involved in China’s College Entrance Examination, which is regarded as the "milestone" of China’s VR development history. VR is a revolutionary product after smart phone. VR and AR applications have influenced tourism, shopping, medical care, education, entertainment, design, real estate, industrial, military, national defense, etc, with rapidly increasing market expansion.
In the next 5 to 10 years, VR and AR technology will usher in a booming period. Powerful technologies and applications will have a huge market share. In 2017 global giants will continue to invest and merge in VR. Intel, Facebook, Google, Huawei, Microsoft, Apple, Tencent, Millet, Storm Technology, Alibaba, Jingdong will take VR as a key investment project. Technology applications will be further expanded. It is expected that in 2020 the output value of VR and AR industry will reach $120 billion.
Ministry of Industry and Information Technology points out that VR will usher in a rapid development period. In the future, the layout should be planned in advance to do the top-level design. We should achieve the core technology breakthroughs and strengthen cultural and brand building through the financial special support for virtual reality technology industrialization.
According to statistics, it’s expected that in 2106 global VR device shipments will reach 630, among which 40% of the demand is from china. Guangzhou is the forefront city of China's reform and opening up, with science and technology innovation and application in a leading position. Asia VR&AR Fair & Summit can provide an important economic and technological cooperation and exchange of product platform, promoting the close integration of VR and AR technology and modern life. Moreover, it provides a broad platform for the promotion and professional services for VR and AR industries and enterprises, bringing a revolutionary innovation and integration for industry development.