How to invest in the $150 billion virtual reality boom

Albert Gea | Reuters

Computer-generated simulations of three-dimensional images, also known as virtual reality, could spark the next wave of technological advances, potentially becoming a $150 billion industry by 2022, according to estimates by Bank of America Merrill Lynch. Here are some of the companies at the forefront of this trend.

"Augmented and virtual reality is breaking into the public consciousness through wildly popular consumer-focused technology such as 'Pokemon Go,' while even more profound commercial opportunities evolve in the background. The eventual convergence of AR [augmented reality] and VR [virtual reality] devices could push the nascent market to become the next electronic platform, and replicate the volumes reached by TVs, PCs and smartphones," wrote thematic investing strategist Beijia Ma.