Product Code: ETC4452445 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India near-eye display market import shipment experienced a notable decline with a CAGR of -24.3% from 2020 to 2024. The market exhibited accelerated contraction with a growth rate of -34.4% between 2023 and 2024, indicating a significant slowdown in imports over the period.
Near-eye displays are pivotal in augmented reality (AR) and virtual reality (VR) applications, and their market is growing in India. As AR and VR technologies gain prominence in gaming, education, and training, there is a rising demand for high-quality near-eye displays. Companies are working on compact and immersive solutions that provide an enhanced digital experience.
The India Near-Eye Display market is experiencing significant growth driven by several factors. Firstly, increasing adoption of virtual and augmented reality (VR/AR) technologies for gaming, education, and industrial applications is fueling the demand for near-eye displays. Additionally, the rise in remote work and online learning due to the COVID-19 pandemic has spurred interest in near-eye displays for enhanced visual experiences, further boosting the market. The emergence of lightweight, high-resolution, and energy-efficient near-eye display technologies is making them more accessible to consumers. Moreover, the India government`s push for digitalization and smart cities is also contributing to the growth of this market, as near-eye displays can play a crucial role in various smart applications.
The near eye display market in India faces challenges such as limited content availability and the risk of eye strain or discomfort for users, especially during extended use. Ensuring compatibility with various devices and addressing concerns regarding privacy and data security in wearable devices are also significant hurdles.
The near-eye display market in India witnessed a change in demand dynamics as remote work and online learning became prevalent. While some applications, such as virtual reality gaming, experienced a boost in demand, others like augmented reality for remote assistance gained more attention. The pandemic accelerated the development of near-eye displays for various applications, leading to a reevaluation of their role in the post-pandemic world.
In the near-eye display market in India, prominent players such as Sony Corporation, Oculus, Google (with its Google Glass project), and Microsoft are at the forefront. These companies are developing augmented reality and mixed reality glasses, providing users with information and immersive experiences directly in their line of sight.
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 Near-Eye Display Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Near-Eye Display Market Revenues & Volume, 2021 & 2031F |
3.3 India Near-Eye Display Market - Industry Life Cycle |
3.4 India Near-Eye Display Market - Porter's Five Forces |
3.5 India Near-Eye Display Market Revenues & Volume Share, By Technology , 2021 & 2031F |
3.6 India Near-Eye Display Market Revenues & Volume Share, By Device Type , 2021 & 2031F |
3.7 India Near-Eye Display Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.8 India Near-Eye Display Market Revenues & Volume Share, By , 2021 & 2031F |
4 India Near-Eye Display 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 demand for compact and portable display solutions for applications such as gaming, entertainment, and education |
4.2.3 Technological advancements leading to improved display quality and performance |
4.3 Market Restraints |
4.3.1 High initial investment and ongoing costs associated with near-eye display devices |
4.3.2 Limited consumer awareness and acceptance of AR/VR technologies in India |
4.3.3 Regulatory hurdles and standards compliance challenges in the Indian market |
5 India Near-Eye Display Market Trends |
6 India Near-Eye Display Market, By Types |
6.1 India Near-Eye Display Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Near-Eye Display Market Revenues & Volume, By Technology , 2021-2031F |
6.1.3 India Near-Eye Display Market Revenues & Volume, By TFT LCD, 2021-2031F |
6.1.4 India Near-Eye Display Market Revenues & Volume, By AMOLED, 2021-2031F |
6.1.5 India Near-Eye Display Market Revenues & Volume, By LCoS, 2021-2031F |
6.1.6 India Near-Eye Display Market Revenues & Volume, By OLEDOS, 2021-2031F |
6.1.7 India Near-Eye Display Market Revenues & Volume, By MicroLED, 2021-2031F |
6.1.8 India Near-Eye Display Market Revenues & Volume, By DLP, 2021-2031F |
6.2 India Near-Eye Display Market, By Device Type |
6.2.1 Overview and Analysis |
6.2.2 India Near-Eye Display Market Revenues & Volume, By AR Devices, 2021-2031F |
6.2.3 India Near-Eye Display Market Revenues & Volume, By VR Devices, 2021-2031F |
6.2.4 India Near-Eye Display Market Revenues & Volume, By Others (EVF and MR Devices), 2021-2031F |
6.3 India Near-Eye Display Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 India Near-Eye Display Market Revenues & Volume, By Consumer, 2021-2031F |
6.3.3 India Near-Eye Display Market Revenues & Volume, By Medical, 2021-2031F |
6.3.4 India Near-Eye Display Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.5 India Near-Eye Display Market Revenues & Volume, By Automotive, 2021-2031F |
6.4 India Near-Eye Display Market, By |
6.4.1 Overview and Analysis |
7 India Near-Eye Display Market Import-Export Trade Statistics |
7.1 India Near-Eye Display Market Export to Major Countries |
7.2 India Near-Eye Display Market Imports from Major Countries |
8 India Near-Eye Display Market Key Performance Indicators |
8.1 Average session duration of AR/VR applications using near-eye displays |
8.2 Number of partnerships and collaborations between display manufacturers and content developers in India |
8.3 Percentage increase in the adoption of AR/VR technologies in key industries in India |
9 India Near-Eye Display Market - Opportunity Assessment |
9.1 India Near-Eye Display Market Opportunity Assessment, By Technology , 2021 & 2031F |
9.2 India Near-Eye Display Market Opportunity Assessment, By Device Type , 2021 & 2031F |
9.3 India Near-Eye Display Market Opportunity Assessment, By Vertical , 2021 & 2031F |
9.4 India Near-Eye Display Market Opportunity Assessment, By , 2021 & 2031F |
10 India Near-Eye Display Market - Competitive Landscape |
10.1 India Near-Eye Display Market Revenue Share, By Companies, 2024 |
10.2 India Near-Eye Display Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |