VR Headset Market Touches $3.4 Mn In Q1 2016

India's virtual reality headset market shipment value has reached over $3.4 million in the January-March quarter of this fiscal, according to a latest research by 6Wresearch.

As per the report the rise in shipment worth is related with the improvement in computer technology and connectivity of internet and also increased in investments in the sector. With advancement in the field of media and entertainment industry the virtual headset market has risen in India.

Moreover, rising demand from gaming enthusiasts as well as with recent launch from major smartphone players such as Samsung and Lenovo have further boosted the market, it said.

The research said that ANTVR and DOMO together captured more than 85 percent share of the market, with more than 11 vendors shipping virtual headsets in India.

"Increasing demand for virtual reality technology among mobile users, introduction of entry-level VR headsets in the market and effective marketing from smartphone manufacturers have boosted the India virtual reality market", Economic Times quoted Anuj Mehrotra, senior research analyst at 6Wresearch-India electronics division as saying.

"Additionally, increasing application segments such as healthcare, industrial, education and retail & marketing have further boosted the demand for VR headsets in the country", he added.

Media Source: CXO Today