https://www.techpowerup.com/233146/v...s-xr-standards

The Video Electronics Standards Association (VESA) has recently announced plans to form a special working group within its ecosystem, whose mission will be to develop standards for XR (eXtended Reality) products and development. XR envelops both VR (Virtual Reality) and AR (Augmented Reality), and VESA has apparently had enough of differing vendor implementations. According to VESA, "the lack of standardization is causing compatibility issues between products from different vendors, as well as increasing the complexity and cost of development, ownership and replacement. Lack of compatibility can also create confusion for end users and impede broader acceptance of AR/VR products."

Considering the XR market's value is expected to hit roughly $162 billion dollars by 2020, we can certainly see how "compatibility issues" and "lower acceptance of AR/VR products" could affect what is looking to be an extremely lucrative market. Let's just gloss over the fact (slightly paradoxical, actually) that we're now looking at two different XR standards groups, VESA's newly-announced initiative, and Khrono's OpenXR.
  • Establish the hierarchical structure for AR/VR services, including physical connections, data transfer protocols, software drivers and application layers
  • Define the basic communication data structure and communication channel between the source and sink devices
  • Study the related technologies and algorithms, and standardize them to enable economic and efficient implementation
  • Suggest any changes to existing VESA standards that may be needed for better AR/VR support