The augmented reality (AR) and virtual reality (VR) devices are moving towards a paradigm shift with the development of aesthetically pleasing forms which incorporates itself in the daily lives of the consumers. The latest VR devices are compatible with smart glasses, head-up displays, head mounted displays and handheld devices, and VR devices control the processing power of smart phones and computers to display VR contents. Due to this, the development of compact devices which are powered to display VR contents without being tethered to any computer are being developed and hence, the global augmented reality and virtual reality market is witnessing a huge growth.