Product Code: ETC4452985 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India extended reality market import shipment experienced a significant decline over the period of 2020-2024, with a CAGR of -24.3%. The growth rate between 2023 and 2024 further contracted by -34.4%, indicating a continued downward trend. The market showed a clear slowdown and contraction during this period.
The India Extended Reality (XR) market encapsulates a spectrum of immersive technologies, including Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). XR is transforming the way people interact with digital content, and its applications span across industries such as gaming, education, healthcare, and training. In India, XR is rapidly evolving, with an increasing number of consumers and businesses adopting XR solutions. As the technology matures and becomes more accessible, the India XR market is set to grow, offering innovative solutions for entertainment, education, and workforce development.
The Extended Reality (XR) market in India is experiencing substantial growth, driven by a confluence of factors. XR encompasses VR, AR, and MR (Mixed Reality), and its applications span across industries like gaming, training, healthcare, and real estate. The gaming industry`s growing appetite for immersive experiences, combined with investments in XR technology by healthcare and education sectors, is propelling the market. Moreover, the government`s emphasis on digitalization and smart cities is creating opportunities for XR applications in real estate and urban planning. The XR market is set to flourish as more businesses recognize its potential to enhance user experiences and improve efficiency.
The XR market in India faces challenges like the need for advanced hardware and software development. Ensuring seamless integration across industries and addressing privacy concerns are key hurdles. Content creation for XR experiences and the need for skilled professionals in this field add to the challenges.
The extended reality (XR) market in India, encompassing AR, VR, and mixed reality, experienced disruptions as events, entertainment, and training moved online. However, the pandemic accelerated the development of XR solutions for remote work, learning, and healthcare applications. XR technologies proved to be valuable in creating immersive experiences and connecting people in virtual environments, and their potential beyond entertainment became more evident.
The extended reality (XR) market in India encompasses both augmented reality (AR) and virtual reality (VR) technologies. Major players in this market include Meta (formerly Facebook), HTC, and India startups like Yellow Messenger, which are developing XR solutions for a range of applications, from e-commerce to healthcare.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Extended Reality Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Extended Reality Market Revenues & Volume, 2021 & 2031F |
3.3 India Extended Reality Market - Industry Life Cycle |
3.4 India Extended Reality Market - Porter's Five Forces |
3.5 India Extended Reality Market Revenues & Volume Share, By Technology , 2021 & 2031F |
3.6 India Extended Reality Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 India Extended Reality Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.8 India Extended Reality Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
4 India Extended Reality Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of augmented reality (AR) and virtual reality (VR) technologies in various industries in India. |
4.2.2 Growing investments in research and development of extended reality (XR) solutions. |
4.2.3 Rising demand for immersive and interactive experiences among consumers and businesses in India. |
4.3 Market Restraints |
4.3.1 High initial setup costs and ongoing expenses associated with XR technologies. |
4.3.2 Limited awareness and understanding of XR solutions among potential users in India. |
4.3.3 Lack of standardized regulations and policies governing XR technologies in the Indian market. |
5 India Extended Reality Market Trends |
6 India Extended Reality Market, By Types |
6.1 India Extended Reality Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Extended Reality Market Revenues & Volume, By Technology , 2021-2031F |
6.1.3 India Extended Reality Market Revenues & Volume, By AR Technology, 2021-2031F |
6.1.4 India Extended Reality Market Revenues & Volume, By VR Technology, 2021-2031F |
6.1.5 India Extended Reality Market Revenues & Volume, By MR Technology, 2021-2031F |
6.2 India Extended Reality Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Extended Reality Market Revenues & Volume, By Consumer, 2021-2031F |
6.2.3 India Extended Reality Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 India Extended Reality Market Revenues & Volume, By Enterprise (Manufacturing), 2021-2031F |
6.2.5 India Extended Reality Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.6 India Extended Reality Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.7 India Extended Reality Market Revenues & Volume, By Energy, 2021-2031F |
6.2.8 India Extended Reality Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 India Extended Reality Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Extended Reality Market, By Offering |
6.3.1 Overview and Analysis |
6.3.2 India Extended Reality Market Revenues & Volume, By Hardware, 2021-2031F |
6.3.3 India Extended Reality Market Revenues & Volume, By Software, 2021-2031F |
6.4 India Extended Reality Market, By Device Type |
6.4.1 Overview and Analysis |
6.4.2 India Extended Reality Market Revenues & Volume, By AR Devices, 2021-2031F |
6.4.3 India Extended Reality Market Revenues & Volume, By VR Devices, 2021-2031F |
6.4.4 India Extended Reality Market Revenues & Volume, By MR Devices, 2021-2031F |
7 India Extended Reality Market Import-Export Trade Statistics |
7.1 India Extended Reality Market Export to Major Countries |
7.2 India Extended Reality Market Imports from Major Countries |
8 India Extended Reality Market Key Performance Indicators |
8.1 Average session duration on XR applications. |
8.2 Number of XR developers and development teams in India. |
8.3 Percentage of companies in key industries integrating XR solutions into their operations. |
8.4 Level of government support and funding for XR initiatives in India. |
8.5 Rate of growth in XR content creation and distribution platforms in the Indian market. |
9 India Extended Reality Market - Opportunity Assessment |
9.1 India Extended Reality Market Opportunity Assessment, By Technology , 2021 & 2031F |
9.2 India Extended Reality Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 India Extended Reality Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.4 India Extended Reality Market Opportunity Assessment, By Device Type, 2021 & 2031F |
10 India Extended Reality Market - Competitive Landscape |
10.1 India Extended Reality Market Revenue Share, By Companies, 2024 |
10.2 India Extended Reality Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |