2016 will be the year virtual reality finally goes mainstream, The Economist predicts


Virtual reality has been around for 30 years, but the technology has been too clunky and expensive to gain much favor with the public. That will finally change in 2016, The Economist boldly predicts. Virtual reality products will generate an estimated $3.8 billion in revenue in 2016, and tech companies are already clamoring for their slice of that pie. But gaming isn't the only way virtual reality will make a splash next year, The Economist says: Journalism, architecture, shopping, and medicine will also take advantage of VR technology in new and interesting ways. Most of the video, in fact, focuses on an Iraq War veteran getting help with posttraumatic stress disorder through virtual reality. Watch The Economist make its case for a very VR 2016 below. Peter Weber
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
The Week US terms and conditions
-
Leo XIV vs. Trump: what will first American Pope mean for US Catholics?
Today's Big Question New pope has frequently criticised the president, especially on immigration policy, but is more socially conservative than his predecessor
-
What's going on with the Beckhams?
In the Spotlight From wedding tantrums to birthday snubs, rumours of a family rift are becoming harder to hide
-
Shakespeare not an absent spouse, study proposes
speed read A letter fragment suggests that the Shakespeares lived together all along, says scholar Matthew Steggle
-
New Mexico to investigate death of Gene Hackman, wife
speed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
-
Giant schnauzer wins top prize at Westminster show
Speed Read Monty won best in show at the 149th Westminster Kennel Club dog show
-
Beyoncé, Kendrick Lamar take top Grammys
Speed Read Beyoncé took home album of the year for 'Cowboy Carter' and Kendrick Lamar's diss track 'Not Like Us' won five awards
-
The Louvre is giving 'Mona Lisa' her own room
Speed Read The world's most-visited art museum is getting a major renovation
-
Honda and Nissan in merger talks
Speed Read The companies are currently Japan's second and third-biggest automakers, respectively
-
Taylor Swift wraps up record-shattering Eras tour
Speed Read The pop star finally ended her long-running tour in Vancouver, Canada
-
Drake claims illegal boosting, defamation
Speed Read The rapper accused Universal Music of boosting Kendrick Lamar's diss track and said UMG allowed him to be falsely accused of pedophilia