India Immersive Technology Market Size & Outlook

The immersive technology market in India is expected to reach a projected revenue of US$ 7,818.7 million by 2030. A compound annual growth rate of 29.8% is expected of India immersive technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,259.5
Forecast, 2030 (US$M)
$7,818.7
CAGR, 2024 - 2030
29.8%
Report Coverage
India

India immersive technology market highlights

  • The India immersive technology market generated a revenue of USD 1,259.5 million in 2023 and is expected to reach USD 7,818.7 million by 2030.
  • The India market is expected to grow at a CAGR of 29.8% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Software/Platform is the most lucrative component segment registering the fastest growth during the forecast period.

Immersive technology market data book summary

Market revenue in 2023USD 1,259.5 million
Market revenue in 2030USD 7,818.7 million
Growth rate29.8% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware/Platform
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software/Platform, Services
Key market players worldwideBarco NV, Alphabet Inc Class A, HTC Corp DR, International Business Machines Corp, Magic Leap, Meta Platforms Inc Class A, Microsoft Corp, Samsung Electronics Co Ltd, Sony Group Corp, Compass Inc Class A, EON Reality, Leap Motion

Other key industry trends

  • In terms of revenue, India accounted for 3.7% of the global immersive technology market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China immersive technology market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,818.7 million by 2030.

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Immersive Technology Market Scope

Immersive technology market segmentation & scope
HMD
GTD
PDW
Software/Platform
Professional Services
Managed Services
Virtual Reality (VR)
Augmented Reality (AR)
Mixed Reality (MR)
Others
Training & Learning
Emergency Services
Product Development
Sales & Marketing
Others
Aerospace & Defense
Manufacturing
Automotive
Education
Media & Entertainment
Gaming
Healthcare
Retail & E-commerce
Others

Immersive Technology Market Companies

Name Profile # Employees HQ Website

India immersive technology market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to immersive technology market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 48.34% in 2023. Horizon Databook has segmented the India immersive technology market based on hardware, software/platform, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • India Immersive Technology Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
      • HMD
      • GTD
      • PDW
    • Software/Platform
    • Services
      • Professional Services
      • Managed Services
  • India Immersive Technology Technology Type Outlook (Revenue, USD Million, 2018-2030)
    • Virtual Reality (VR)
    • Augmented Reality (AR)
    • Mixed Reality (MR)
    • Others
  • India Immersive Technology Application Outlook (Revenue, USD Million, 2018-2030)
    • Training & Learning
    • Emergency Services
    • Product Development
    • Sales & Marketing
    • Others
  • India Immersive Technology Industry Outlook (Revenue, USD Million, 2018-2030)
    • Aerospace & Defense
    • Manufacturing
    • Automotive
    • Education
    • Media & Entertainment
    • Gaming
    • Healthcare
    • Retail & E-commerce
    • Others

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  • Our clientele includes a mix of immersive technology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India immersive technology market , including forecasts for subscribers. This country databook contains high-level insights into India immersive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India immersive technology market size, by component, 2018-2030 (US$M)

India Immersive Technology Market Outlook Share, 2023 & 2030 (US$M)

India immersive technology market size, by component, 2018-2030 (US$M)

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