On November 2, virtual reality concept stocks rose by a limit. The stocks of many companies such as Jiachuang Video, Fantuo Digital and Fengshang Culture rose by a limit, and the virtual reality concept index rose by 3.34%. On November 1, the Ministry of Industry and Information Technology and other five departments issued the Action Plan for the Integration and Development of Virtual Reality and Industrial Applications (2022-2026) (hereinafter referred to as the Action Plan). The Action Plan proposed the development goals by 2026, five key tasks and seven safeguard measures, which attracted extensive attention from the market. "The market has always had high expectations for the virtual reality industry and high investment enthusiasm. However, there are not many specific landing scenarios and business models that can be industrialized. This Action Plan points out the direction of future development, clarifies key tasks, and gives the industry a shot in the arm." Wang Peng, Beijing Academy of Social Sciences, said in an interview with Securities Daily. The Action Plan for Building a Hundred Billion Yuan Industrial Scale pointed out that virtual reality (including augmented reality and hybrid reality) is an important frontier direction of the new generation of information technology, a major forward-looking area of the digital economy, will profoundly change the way of production and life of mankind, and the strategic window for industrial development has been formed. By 2026, the overall scale of China's virtual reality industry (including related hardware, software, applications, etc.) will exceed 350 billion yuan, the sales volume of virtual reality terminals will exceed 25 million units, 100 backbone enterprises with strong innovation ability and industry influence will be cultivated, 10 clusters with regional influence and leading the ecological development of virtual reality will be built, and 10 industrial public service platforms will be built. The Action Plan specifies the key tasks in the future: promoting the integration and innovation of key technologies, improving the supply capacity of the whole industry chain, accelerating the implementation of multi industry and multi scenario applications, and strengthening the construction of industrial public service platforms. Among them, in the process of accelerating the landing of multi industry and multi scene applications, the integration application of virtual reality in different directions is proposed, including but not limited to "virtual reality+industrial production", "virtual reality+cultural tourism", "virtual reality+integrated media", "virtual reality+education and training", etc. Wang Peng said that the Action Plan not only has an important impact on the R&D field, but also on the entire market. This document can reduce the detours in the future R&D and market development of virtual reality. Yuan Shuai, Executive Vice President of the Institute of Agriculture, Culture and Tourism Industry Revitalization, said that rich data sources, broad industrial applications and huge consumer demand are the unique advantages of China's virtual reality industry development. At the same time, we still have much room for improvement in original innovation of source technology, construction of software and hardware infrastructure platform, research and development of special equipment, standardization promotion, etc. Although the current virtual reality is highly concerned, there is still a gap between the actual input and output and the market expectation. Wang Peng said that there are relatively few enterprises that can truly realize industrialization and generate commercial value; At present, the virtual reality industry is more limited in the game, social and business fields, and less applied in other production and life service fields. Moreover, the cost of virtual reality industry is high at present, and it is still a long way from large-scale production. However, the future virtual reality industry can