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
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Canada Generates Jobs Creation Excitement in September
Design Engineer (Engineer 1/2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Structural Engineer 2 (Engineer 2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Structural Engineer for Kiewit at Lenexa, Kansas
Architect for Hutton at Wichita, Afghanistan
Mechanical Engineer for Flextronics at Milpitas, California
3D Designer and Developer for Los Alamos National Laboratory at Los Alamos,, New Mexico
Upcoming Events
Digital Construction Week 2020 at Excel London United Kingdom - Oct 21 - 22, 2020
2020 Design-Build Conference & Expo! at Gaylord National Resort & Convention Center National Harbor MD - Oct 28 - 30, 2020
ABX | ArchitectureBoston Expo at Boston Convention & Exhibition Center Boston MA - Nov 4 - 5, 2020
Greenbuild 2020 at San Diego Convention Center San Diego CA - Nov 4 - 7, 2020
Kenesto: 30 day trial
Digital Cities - Countless CAD add-ons, plug-ins and more.

© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise