India Augmented Reality and Virtual Reality Market Set to Grow at CAGR 55% Till 2021: TechSci Research Report

NEW YORK, July 12, 2016 — (PRNewswire) —

Increasing Adoption of Head-Mounted Display in Gaming Industry and Defense Aircraft to Drive India Augmented Reality and Virtual Reality Market Through 2021      

According to recently released TechSci Research report, " India Augmented Reality and Virtual Reality Market By Product Type, By End-user, Competition Forecast and Opportunities, 2011 - 2021", augmented reality (AR) and virtual reality (VR)market in India is projected to register a CAGR of 55.3% during 2016 - 2021. Rising adoption of AR & VR based products such as head-up display, head-mounted display, etc., among various end users including defense, automotive, consumer electronics, etc., is anticipated to drive the growth in the country's AR & VR market over the next five years. In addition, a rising number of consumer electronics applications such as gaming, entertainment, etc. are witnessing increasing adoption of AR & VR devices in the country.

     (Logo: )

Browse 16 market data Tables and 40 Figures spread through 111 Pages and an in-depth TOC on  "India Augmented Reality and Virtual Reality Market"

Among various AR & VR technology based products, head-mounted display (HMD) accounted for the largest revenue share in the country in 2015. On account of rising adoption of HMD products in various applications as well as new products, head-mounted displays segment is anticipated to continue its dominance during the forecast period. Moreover, continuing growth in the country's gaming industry is expected to boost demand for HMDs over the course of next five years. In 2015, gaming market in India was over US$ 501 million and it is forecast to cross US$ 792 million in value terms by 2021.

Download Sample Report  


Customers can also request for 10% free customization on this report. 

In 2015, defense industry was the largest end-user of AR & VR products on account of increasing use of head-mounted display for training purpose, and of head-up displays for displaying information such as aircraft speed, altitude, horizon line, etc. Rising defense budget of the country is expected to further boost adoption of AR & VR based products over the next five years. "Rising usage of augmented realty in pico projectors, coupled with growing adoption of virtual & augmented reality in gaming, defense and education & training is likely to drive the market during 2016-21. In addition, rising applications of VR in e-commerce industry and increasing sales of AR embedded luxury cars is anticipated to augment demand for AR & VR based products and technology in the country during forecast period.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"India Augmented Reality and Virtual Reality Market By Product Type, By End-user, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of India augmented reality and virtual reality market and provides statistics & information on market structure, consumer behavior and trends. The report is intended to provide cutting-edge market intelligence and help decision makers in sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in India AR & VR market.

Browse Related Reports 

United States Augmented Reality & Virtual Reality Market Forecast & Opportunities, 2020

Global Head-up Display Market Forecast & Opportunities, 2020

United States Artificial Intelligence Market, By Application (Speech Recognition, Image Recognition, etc.), By Region, and By End User (Consumer Electronics, Security & Access Control, etc.) Competition Forecast & Opportunities, 2011-2021

About TechSci Research 

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York - 10017

Tel: +1-646-360-1656
Email: Email Contact

Connect with us on Twitter -
Connect with us on LinkedIn -

SOURCE TechSci Research

TechSci Research

Review Article Be the first to review this article
Featured Video
GIS Analyst II for Foresters Co Op at Grass Valley, California
Mechanical Engineer II for Aehr Test Systems at Fremont, California
Structural Project Engineer for 19six Architects at Santa Barbara, California
Construction Project Manager for Gordon Prill, Inc at Sunnyvale, California
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Upcoming Events
InterDrone 2021 --- Cancelled at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
URISA GIS Leadership Academy at 701 Lee St #960 Des Plaines IL - Aug 16 - 20, 2021
8th International Scientific Conference on SOCIAL SCIENCES (ISCSS) 2021 at Congress Centre MARITIM PARADISE BLUE Albena Bulgaria - Aug 21 - 30, 2021

© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise