Until recently, virtual reality was typically the stuff of science fiction, a concept so innovative and unusual that it seemed highly unlikely to become reality anytime soon. For years, the concept remained almost exclusively tied to the futuristic images depicted by movies such as TRON or The Lawnmower Man. However, with rapid technological advancements in recent years, and due to the efforts of companies such as Facebook (NASDAQ: FB), with its Oculus VR, and Sony Corporation (NYSE: SNE), with its PlayStation VR, virtual reality has now become a part of our day-to-day lives, already having multiple applications in a number of industries, from health care to manufacturing, education, music, athletics and more.
Estimated to reach $126 billion by 2020, this fast developing market presents numerous growth opportunities for developers of VR products, apps and accessories. Simi Valley, CA-based Monster Digital, Inc. (NASDAQ: MSDI), a highly versatile designer and manufacturer of…
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