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    India Virtual Reality Market

    ID: MRFR/ICT/20588-HCR
    128 Pages
    Aarti Dhapte
    September 2025

    India Virtual Reality Market Research Report Information By Device Type (Head Mounted Devices (HMD), VR Glasses, Treadmills & Haptic Gloves, VR Simulator, Others (Controllers, Cardboard, etc.)), By Industry (Gaming, Automotive, Entertainment, Retail, Education, Aerospace & Defense, Healthcare, Manufacturing, and Others (Real Estate, Travel & Tourism, etc.)), - India Market Forecast Till 2034

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    India Virtual Reality Market Infographic
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    India Virtual Reality Market Summary

    The India Virtual Reality market is poised for exponential growth, projected to reach 56.7 USD Billion by 2035.

    Key Market Trends & Highlights

    India Virtual Reality Key Trends and Highlights

    • The market valuation is estimated at 0.93 USD Billion in 2024, indicating a nascent yet promising sector.
    • From 2025 to 2035, the market is expected to grow at a remarkable CAGR of 45.32%.
    • By 2035, the market is anticipated to expand to 56.7 USD Billion, reflecting a substantial increase in demand.
    • Growing adoption of virtual reality technologies due to increasing consumer interest in immersive experiences is a major market driver.

    Market Size & Forecast

    2024 Market Size 0.93 (USD Billion)
    2035 Market Size 56.7 (USD Billion)
    CAGR (2025-2035) 45.32%

    Major Players

    Samsung Electronics Co., Ltd., Smartvizs Pvt. Ltd., Sony Interactive Entertainment LLC, Microsoft Corporation, Immertive Pvt. Ltd., Google LLC, Absentia Virtual Reality Pvt Ltd., Xenium Digital, Simulanis Solutions Private Limited, Nvidia Corporation

    India Virtual Reality Market Trends

    Rising Adoption of Virtual Reality in Healthcare Sector to Boost the Market Growth

    With virtual reality (VR) solutions, patients and medical personnel can engage in individualized simulated settings for medical education. This includes training in pain management and rehabilitation through simulative surgery. In India, virtual reality therapy and assistance are being offered to people suffering from mental health issues like depression and post-traumatic stress disorder. In addition to virtual reality-based relaxation and medication strategies being utilized to assist in lowering stress and enhance overall well-being, patients are now using VR exposure therapy to help them conquer their fears and worries.

    For instance, leading Indian medical institutions have adopted Cognihab, a provider of virtual reality solutions for healthcare, as a means of enhancing the patient experience and seeing significant returns in helping patients manage their pain.

    In India, virtual reality (VR) is being used as an educational tool to give pupils a more engaging and dynamic learning environment. This is particularly true for geography, science, and history. Because they are more dedicated to active learning, students are less likely to become sidetracked. Furthermore, students can explore a better learning experience that is not feasible in a traditional or even online learning system by using virtual environments to illustrate a difficult model completely. For instance, the inexpensive XR controller created by Indian business TechXR Innovations is the key to the metaverse for the country's common people.

    For students from rural locations, the device can be a crucial component in making technology inexpensive and available. Thus, driving the virtual reality market revenue.

    Market Segment Insights

    Virtual Reality Device Type Insights

    The India Virtual Reality market segmentation, based on device type, includes Head Mounted Devices (HMD), VR Glasses, Treadmills & Haptic Gloves, VR Simulator, and Others (Controllers, Cardboard, etc.). The head mounted devices (HMD) segment dominated the market mostly. The market for virtual reality is being driven by its increasing use in both consumer and commercial applications. The availability of a variety of HMD types, including tethered, hybrid, and wireless HMDs, is credited with the segment's rise.

    Using interactive features, the HMD devices are used to demonstrate a wide range of use cases and provide training in a variety of industries, including research, aerospace, engineering, military, and medicine.

    Figure 2: India Virtual Reality Market, by Device Type, 2023 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Virtual Reality Industry Insights

    The India Virtual Reality market segmentation, based on industry, includes Gaming, Automotive, Entertainment, Retail, Education, Aerospace & Defense, Healthcare, Manufacturing, and Others (Real Estate, Travel & Tourism, etc.). The healthcare category generated the most income. This explains the application of virtual reality in the healthcare sector, especially in the areas of operating operations, learning, and training, as well as disease awareness. The requirement for the segment is expected to grow as more hospitals and medical schools use VR solutions and technology to train professionals and students.

    The trend toward complicated surgeries and remote surgeries is also expected to support the market's growth. 

    Virtual Reality Country Insights

    India's VR market demand is anticipated to grow steadily as a result of the military and defense sector's growing use of VR technology. In order to improve military training and simulation programs and equip their armed forces for a variety of eventualities, this nation is actively collaborating with local VR companies, which is fueling the market's expansion. For instance, in 2022, the Indian military partnered with AjnaLens, a VR firm. The Indian military will deploy Ajnalens VR headsets as part of this collaboration for a variety of activities, including mental resilience training, immersive combat training, and equipment familiarization.

    Additionally, the market is expanding due to the increasing use of VR technology in theme parks and other tourist attractions throughout India, which allows visitors to have engaging and immersive experiences. The nation's adoption of VR technology is also rising as a result of encouraging initiatives from the government and other related organizations, like financing and investments to support VR companies.

    Get more detailed insights about India Virtual Reality Market Research Report — Forecast till 2034

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the virtual reality market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the virtual reality industry must offer cost-effective items.

    Major players in the virtual reality market are attempting to increase market demand by investing in research and development operations, including Samsung Electronics Co., Ltd. (South Korea), Smartvizs Pvt. Ltd. (India), Sony Interactive Entertainment LLC (Japan), Microsoft Corporation (U.S.), Immertive Pvt. Ltd. (India), Google LLC (Alphabet Inc.) (U.S.), Absentia Virtual Reality Pvt Ltd. (India), Xenium Digital (India), Simulanis Solutions Private Limited (India), and Nvidia Corporation (U.S.).

    Key Companies in the India Virtual Reality Market market include

    Industry Developments

    January 2023: HTC revealed the VIVE XR Elite, an all-in-one VR headset that combines interactive mixed reality (MR) components with the immersive qualities of virtual reality (VR). This adaptable gadget expands the possibilities for XR experiences and is suitable for a variety of uses, including productivity, gaming, and fitness.

    April 2022: In New Delhi, Pradhan Mantri Sangrahalay was inaugurated by India's Prime Minister, Mr. Narendra Modi. At an estimated cost of USD 40 million, Tagbin, an Indian startup, and other technological partners digitalized the museum by utilizing technologies like Augmented Reality (AR) and VR.

    Market Segmentation

    Virtual Reality Industry Outlook

    • Gaming, Automotive
    • Entertainment
    • Retail
    • Education
    • Aerospace & Defense
    • Healthcare
    • Manufacturing
    • Others (Real Estate, Travel & Tourism, etc.)

    Virtual Reality Device Type Outlook

    • Head Mounted Devices (HMD)
    • VR Glasses
    • Treadmills & Haptic Gloves
    • VR Simulator
    • Others (Controllers, Cardboard, etc.)

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 1.37 (USD Billion)
    Market Size 2025 1.93 (USD Billion)
    Market Size 2034 40.43 (USD Billion)
    Compound Annual Growth Rate (CAGR) 40.20% (2025 - 2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2034
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Segments Covered Device Type, Industry, and Region
    Countries Covered India
    Key Companies Profiled Samsung Electronics Co., Ltd. (South Korea), Smartvizs Pvt. Ltd. (India), Sony Interactive Entertainment LLC (Japan), Microsoft Corporation (U.S.), Immertive Pvt. Ltd. (India), Google LLC (Alphabet Inc.) (U.S.), Absentia Virtual Reality Pvt Ltd. (India), Xenium Digital (India), Simulanis Solutions Private Limited (India), and Nvidia Corporation (U.S.)
    Key Market Opportunities ·         Increasing advantages of virtual reality in education
    Key Market Dynamics ·         Rising number of end users in the sector ·         Increasing quantity of small and medium-sized businesses

    FAQs

    How much is the virtual reality market?

    The India Virtual Reality market size was valued at USD 1.37Billion in 2024.

    What is the growth rate of the virtual reality market?

    The market is projected to grow at a CAGR of 40.20% during the forecast period, 2025-2034.

    Who are the key players in the virtual reality market?

    The key players in the market are Samsung Electronics Co., Ltd. (South Korea), Smartvizs Pvt. Ltd. (India), Sony Interactive Entertainment LLC (Japan), Microsoft Corporation (U.S.), Immertive Pvt. Ltd. (India), Google LLC (Alphabet Inc.) (U.S.), Absentia Virtual Reality Pvt Ltd. (India), Xenium Digital (India), Simulanis Solutions Private Limited (India), and Nvidia Corporation (U.S.), among others.

    Which device type led the virtual reality market?

    The head mounted devices (HMD) category dominated the market in 2023.

    Which industry had the largest market share in the virtual reality market?

    The healthcare category had the largest share of the market.

    India Virtual Reality Market Research Report — Forecast till 2034 Infographic
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