EA Tiburon, Lockheed Martin and more talk about the growth of virtual reality industry in Orlando


Virtual reality may be a deeper entrance into a computerized environment, but the money and business behind the technology is very real.

Estimates show that consumers will spend $5.1 billion on virtual reality gaming hardware, accessories and software in 2016 — up 672.7 percent from the $660 million spent in 2015, according to a January report from SuperData Research. Further, analysts predict the virtual and augmented reality market will become an $80 billion industry by 2025. And Orlando is in a position to be one of the top places to use and expand the technology — at least that’s what local tech leaders believe.