| Product Code: ETC4452865 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India head mounted display (HMD) market showed a significant decline with a CAGR of -24.3% from 2020 to 2024. The growth rate between 2023 and 2024 further deteriorated by -34.4%, indicating a continued downward trend with a notable loss in momentum.
The India Head Mounted Display (HMD) market is evolving as a pivotal component of the extended reality ecosystem. HMDs, including VR and AR headsets, offer immersive experiences in various industries, such as gaming, education, and training. In India, the HMD market has seen significant growth due to rising consumer interest in immersive content and the adoption of virtual reality for education and training purposes. As technology becomes more affordable and versatile, HMDs are poised to play a central role in shaping the future of entertainment and work in India. The market is expected to witness continued expansion as it integrates with other emerging technologies and sectors.
The India Head Mounted Display market is thriving, primarily due to the growing interest in virtual reality (VR) and augmented reality (AR) applications. HMDs are integral to these technologies and find applications in gaming, training, and simulations. As the gaming industry continues to expand, with a strong focus on immersive experiences, the demand for HMDs is rising. Additionally, industries like defense and education are increasingly using HMDs for training and educational purposes. The continued development of lightweight and high-resolution HMDs, along with reduced costs, is further driving market growth.
The HMD market in India confronts challenges related to the bulkiness and discomfort of some devices, limiting extended use. Content fragmentation and compatibility issues with different platforms and applications can hinder adoption. Regulatory approvals and concerns about health and safety are also significant challenges.
The head-mounted display (HMD) market in India, which includes VR and AR headsets, initially saw a slowdown in consumer adoption due to the economic impact of the pandemic. However, HMDs found applications in industries such as healthcare, education, and remote collaboration, leading to a shift in the market`s focus. As technology improved and prices became more accessible, HMD adoption gradually increased.
The head-mounted display (HMD) market in India is primarily driven by gaming and entertainment. Key players in this market include Oculus (a subsidiary of Meta), Sony, and local brands like boAt and Noise. They offer VR and AR headsets, providing immersive experiences to consumers and businesses.
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 Head Mounted Display (HMD) Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Head Mounted Display (HMD) Market Revenues & Volume, 2021 & 2031F |
3.3 India Head Mounted Display (HMD) Market - Industry Life Cycle |
3.4 India Head Mounted Display (HMD) Market - Porter's Five Forces |
3.5 India Head Mounted Display (HMD) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Head Mounted Display (HMD) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Head Mounted Display (HMD) Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 India Head Mounted Display (HMD) Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.9 India Head Mounted Display (HMD) Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.10 India Head Mounted Display (HMD) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Head Mounted Display (HMD) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for augmented reality (AR) and virtual reality (VR) technologies in various industries such as gaming, healthcare, and education. |
4.2.2 Growing investments and initiatives by government and private organizations to promote digitalization and technological advancements. |
4.2.3 Rising adoption of head mounted displays for training, simulation, and entertainment purposes. |
4.3 Market Restraints |
4.3.1 High initial costs associated with head mounted displays may limit adoption among price-sensitive consumers. |
4.3.2 Limited content availability and compatibility issues with existing platforms may hinder market growth. |
4.3.3 Concerns regarding privacy and security risks associated with using head mounted displays for personal and professional purposes. |
5 India Head Mounted Display (HMD) Market Trends |
6 India Head Mounted Display (HMD) Market, By Types |
6.1 India Head Mounted Display (HMD) Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Head Mounted Display (HMD) Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Head Mounted Display (HMD) Market Revenues & Volume, By Slide-on HMD, 2021-2031F |
6.1.4 India Head Mounted Display (HMD) Market Revenues & Volume, By Integrated HMD, 2021-2031F |
6.1.5 India Head Mounted Display (HMD) Market Revenues & Volume, By Discrete HMD, 2021-2031F |
6.2 India Head Mounted Display (HMD) Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Head Mounted Display (HMD) Market Revenues & Volume, By AR Technology, 2021-2031F |
6.2.3 India Head Mounted Display (HMD) Market Revenues & Volume, By VR Technology, 2021-2031F |
6.3 India Head Mounted Display (HMD) Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 India Head Mounted Display (HMD) Market Revenues & Volume, By Processors and Memory, 2021-2031F |
6.3.3 India Head Mounted Display (HMD) Market Revenues & Volume, By Displays, 2021-2031F |
6.3.4 India Head Mounted Display (HMD) Market Revenues & Volume, By Lenses, 2021-2031F |
6.3.5 India Head Mounted Display (HMD) Market Revenues & Volume, By Sensors, 2021-2031F |
6.3.6 India Head Mounted Display (HMD) Market Revenues & Volume, By Controllers, 2021-2031F |
6.3.7 India Head Mounted Display (HMD) Market Revenues & Volume, By Cameras, 2021-2031F |
6.3.8 India Head Mounted Display (HMD) Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 India Head Mounted Display (HMD) Market Revenues & Volume, By Others, 2021-2031F |
6.4 India Head Mounted Display (HMD) Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 India Head Mounted Display (HMD) Market Revenues & Volume, By Head-mounted, 2021-2031F |
6.4.3 India Head Mounted Display (HMD) Market Revenues & Volume, By Eyewear, 2021-2031F |
6.5 India Head Mounted Display (HMD) Market, By Connectivity |
6.5.1 Overview and Analysis |
6.5.2 India Head Mounted Display (HMD) Market Revenues & Volume, By Wired, 2021-2031F |
6.5.3 India Head Mounted Display (HMD) Market Revenues & Volume, By Wireless, 2021-2031F |
6.6 India Head Mounted Display (HMD) Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 India Head Mounted Display (HMD) Market Revenues & Volume, By Consumer, 2021-2031F |
6.6.3 India Head Mounted Display (HMD) Market Revenues & Volume, By Commercial, 2021-2031F |
6.6.4 India Head Mounted Display (HMD) Market Revenues & Volume, By Enterprise & Industry, 2021-2031F |
6.6.5 India Head Mounted Display (HMD) Market Revenues & Volume, By Engineering & Design, 2021-2031F |
6.6.6 India Head Mounted Display (HMD) Market Revenues & Volume, By Healthcare, 2021-2031F |
6.6.7 India Head Mounted Display (HMD) Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.6.8 India Head Mounted Display (HMD) Market Revenues & Volume, By Others, 2021-2031F |
6.6.9 India Head Mounted Display (HMD) Market Revenues & Volume, By Others, 2021-2031F |
7 India Head Mounted Display (HMD) Market Import-Export Trade Statistics |
7.1 India Head Mounted Display (HMD) Market Export to Major Countries |
7.2 India Head Mounted Display (HMD) Market Imports from Major Countries |
8 India Head Mounted Display (HMD) Market Key Performance Indicators |
8.1 Average session duration of head mounted display usage. |
8.2 Number of new applications and software developed for head mounted displays. |
8.3 Rate of return on investment for businesses implementing head mounted displays for operational efficiency. |
9 India Head Mounted Display (HMD) Market - Opportunity Assessment |
9.1 India Head Mounted Display (HMD) Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Head Mounted Display (HMD) Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Head Mounted Display (HMD) Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 India Head Mounted Display (HMD) Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.5 India Head Mounted Display (HMD) Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.6 India Head Mounted Display (HMD) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Head Mounted Display (HMD) Market - Competitive Landscape |
10.1 India Head Mounted Display (HMD) Market Revenue Share, By Companies, 2024 |
10.2 India Head Mounted Display (HMD) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |