Virtual reality allows manufacturers to design better products using less time and money compared to traditional methods. It gives designers a 3D view of products early in the design stage, enabling them to spot and fix potential problems before building prototypes. This reduces the number of prototype revisions needed and saves on the costs of repeatedly producing physical prototypes. While virtual reality benefits have been limited to large corporations due to high equipment costs, the technology is becoming more affordable and common, making it a valuable tool for product design across various industries.