Page 4 - 10 Most Innovative AR VR Startups In 2019 up

EDIT OR ’S NO T E

“India Augmented Reality and Virtual Reality
Market By Product Type, By End-user,
Competition Forecast and Opportunities,
2011 – 2021” According to recently released
TechSci Research report. 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.

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

THE RISE OF gaming industry is expected to boost demand
for HMDs over the course of next five years.
THE START-UPS IN In 2015, gaming market in India was over US$
501 million and it is forecast to cross US$ 792
INDIA AND THEIR million in value terms by 2021.

SUCCESS 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