India Immersive Technology in Manufacturing Market Research Report By Component (Hardware, Head-Mounted Display (HMD), Gesture Tracking Devices (GTD), Projectors & Display Walls (PDW), Software/Platform, Services, Professional and Managed), By Technology (Mixed Reality (MR), Virtual Reality (VR), Augmented Reality (AR), 360 Film) and By Application (Training & Learning, Emergency Services, Product Development, Sales & Marketing)-Forecast to 2035

India Immersive Technology in Manufacturing Market Overview

As per MRFR analysis, the India Immersive Technology in Manufacturing Market Size was estimated at 73.75 (USD Million) in 2023.The India Immersive Technology in Manufacturing Market Industry is expected to grow from 85.19(USD Million) in 2024 to 12.77 (USD Million) by 2035. The India Immersive Technology in Manufacturing Market CAGR (growth rate) is expected to be around -15.846% during the forecast period (2025 - 2035).

Key India Immersive Technology in Manufacturing Market Trends Highlighted

The India Immersive Technology in Manufacturing Market is undergoing a substantial transformation as a result of the advancements in virtual reality (VR) and augmented reality (AR) technologies. The growing demand for improved productivity and efficiency in manufacturing processes is one of the primary market drivers, as industries seek innovative solutions to reduce costs and enhance employee training.

Real-time data visualization and interactive training experiences for workers are facilitated by the adoption of immersive technologies, which are essential in a swiftly changing industrial landscape. Additionally, the Indian government's initiatives to encourage digitalization and smart manufacturing practices, such as "Make in India," are expediting the adoption of these technologies across a variety of sectors.

The increasing interest from small to medium-sized enterprises (SMEs) to utilize immersive solutions for training and maintenance tasks is one of the opportunities to be investigated in this market. The potential for increased collaboration between tech developers and manufacturers exists as more companies acknowledge the advantages of incorporating immersive technologies into their operations.

The expansion of this market is anticipated to be further bolstered by the emergence of new firms and innovation centers that specialize in AR and VR solutions. Recent trends indicate a trend toward the utilization of immersive technologies for remote assistance and maintenance in the manufacturing sector.

In a nation with a diverse manufacturing landscape, the capacity to connect specialists with on-site technicians through AR is highly advantageous, as it enables expedient problem-solving and minimizes downtime. Additionally, manufacturers in India are increasingly employing virtual simulations for product design and prototyping, which has enabled them to optimize their development processes and decrease their time-to-market.

These trends indicate a dynamic transformation in the Indian manufacturing sector, driven by immersive technologies that have the potential to revolutionize conventional manufacturing methods.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

India Immersive Technology in Manufacturing Market Drivers

Rising Demand for Automation and Efficiency in Manufacturing Processes

The Indian manufacturing sector is increasingly adopting automation and advanced technologies to enhance productivity and efficiency. According to the Ministry of Heavy Industries and Public Enterprises, the Government of India has set a target to increase the contribution of manufacturing to Gross Domestic Product (GDP) from 16% to 25% by 2025 as part of its Make in India initiative.

This push promotes the adoption of India Immersive Technology in Manufacturing Market Industry solutions to streamline processes, thereby driving demand for immersive technologies like virtual reality and augmented reality.

Major firms, such as Tata Steel and Mahindra & Mahindra, are investing significantly in smart manufacturing practices, which directly encourages the growth of immersive technology applications to aid in training, equipment maintenance, and process optimization. This widespread industry trend indicates a robust market potential for immersive technologies within the manufacturing sector in India.

Increased Focus on Skill Development and Training

The need for a skilled workforce to handle new manufacturing technologies is becoming increasingly critical in India. The Government of India has launched initiatives like Skill India, aiming to train over 400 million people by 2022. With immersive technology solutions such as virtual reality training programs, organizations can provide hands-on experiences without the risks associated with traditional training methods.

Companies like Infosys and Wipro are partnering with educational institutions to integrate immersive training technologies into their curricula, enhancing skill development.As more organizations adopt immersive technologies for training and development, the India Immersive Technology in Manufacturing Market Industry is expected to experience significant growth fueled by the increasing demand for skilled labor in manufacturing.

Government Initiatives and Support for Technological Adoption

The Indian government is actively promoting digital transformation across various sectors, including manufacturing, to make India a global manufacturing hub. The National Policy on Electronics aims to achieve a turnover of USD 400 billion in the electronics sector by 2025, which relies heavily on the adoption of modern technologies such as immersive technologies.

Enterprises like Foxconn are opening manufacturing facilities in India, leveraging advanced technologies, thereby creating demand for immersive technology solutions.Such government backing solidifies the potential growth of the India Immersive Technology in Manufacturing Market Industry, as more firms create innovative products that incorporate immersive solutions due to supportive policies and infrastructure development.

India Immersive Technology in Manufacturing Market Segment Insights

Immersive Technology in Manufacturing Market Component Insights

The India Immersive Technology in Manufacturing Market, particularly the Component segment, reflects a dynamic landscape that is essential for enhancing operational efficiencies in various manufacturing processes. Within this segment, multiple innovations are observed, each catering to specific demands of the industry. Hardware technologies form the backbone, facilitating seamless integration of immersive experiences into manufacturing protocols.

These technologies enable real-time interactions, supporting the growing trend of automation and smart manufacturing championed by various industrial players in India.Head-Mounted Displays (HMD) are significant within this segment as they immerse users in a virtual environment, enhancing training techniques and operational simulations. The increased utilization of HMDs in factories allows for better safety training and equipment handling practices, thereby improving workforce preparedness.

Gesture Tracking Devices (GTD) represent another crucial innovation, as they simplify the interaction between users and machines, allowing for intuitive control of manufacturing processes, reducing the learning curve and operational bottlenecks.Projectors and Display Walls (PDW) enhance collaborative efforts on the factory floor by providing immersive visualization tools for design reviews, operational analytics, and project management.

They enable teams to engage in shared interactive sessions, fostering communication and collective problem-solving. The Software/Platform aspect is essential for developing applications that drive the integration of immersive technologies into manufacturing workflows, aiding in data analysis, simulation, and real-time monitoring.

Moreover, the Services sector plays a pivotal role in supporting manufacturers in installing and maintaining these immersive solutions. Professional and Managed services are increasingly in demand to ensure that the technology can adapt to the evolving needs of operations while optimizing performance.

As immersive technology gains traction in India's manufacturing sector, it not only enables enhanced productivity and efficiency but also represents a strategic opportunity aligned with India's vision of becoming a global manufacturing hub, supported by government initiatives aimed at digitization and innovation in manufacturing processes. The segment's ongoing developments are a testament to the rising significance of immersive tech in streamlining activities across various facets of manufacturing, paving the way for a comprehensive transformation in the industry.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Immersive Technology in Manufacturing Market Technology Insights

The Technology segment of the India Immersive Technology in Manufacturing Market plays a substantial role in revolutionizing manufacturing processes across the country. With the growing adoption of innovative solutions, Mixed Reality (MR) has emerged as a pivotal player, enabling seamless blending of real-world and digital environments, which enhances training and design processes in manufacturing. Meanwhile, Virtual Reality (VR) significantly contributes to immersive training simulations, allowing workers to develop skills in a risk-free setting, thus improving safety and productivity.

Augmented Reality (AR) is gaining traction by providing real-time data and insights to workers on the floor, facilitating better decision-making and efficiency. Additionally, 360 Film serves as an influential tool for creating engaging presentations and marketing materials, boosting communication efficiency among stakeholders.

The increasing emphasis on digital transformation within the industry, coupled with government initiatives promoting advanced manufacturing, has fostered growth in these technologies, positioning them as vital components for enhancing operational capabilities and competitiveness in the Indian market.Overall, the India Immersive Technology in Manufacturing Market segmentation reflects a significant trend towards integrating advanced technology into traditional manufacturing processes, driving innovation and effectiveness across the sector.

Immersive Technology in Manufacturing Market Application Insights

The Application segment of the India Immersive Technology in Manufacturing Market plays a critical role in enhancing operational efficiency and fostering innovation within various industries. Training and Learning has emerged as a pivotal area where immersive technologies, such as virtual reality and augmented reality, are used to develop skilled workers, significantly reducing training time and costs.

In Emergency Services, simulations enable workers to practice response scenarios in a safe environment, enhancing preparedness and safety measures.Product Development benefits from immersive technologies by allowing designers and engineers to visualize and iterate on products before actual production, expediting the launch process.

Meanwhile, Sales and Marketing leverage immersive experiences to engage customers in unique ways, enhancing product demonstrations and consumer interactions, which are vital in a competitive marketplace. The significance of these applications lies in their capacity to improve safety, decrease time-to-market, and create engaging consumer experiences, thus contributing to the overall productivity and competitiveness of the manufacturing sector in India.As industries increasingly adopt these technologies, the insights derived from this segment will provide crucial guidance for investment and strategic development.

India Immersive Technology in Manufacturing Market Key Players and Competitive Insights

The India Immersive Technology in Manufacturing Market is experiencing a transformative phase, driven by advancements that integrate augmented reality (AR), virtual reality (VR), and mixed reality (MR) into industrial processes. This sector is becoming pivotal as manufacturers increasingly seek innovative ways to enhance productivity, reduce costs, and improve operational efficiencies. The competitive landscape is marked by both established players and emerging startups, each vying for a share of the growing demand for immersive solutions.

As industries recognize the potential of these technologies for training, maintenance, design, and simulation, companies are poised to capitalize on this shift. Collaboration between tech firms and manufacturers is critical to developing tailored solutions that address specific industry challenges, which in turn fosters a dynamic environment for competition and innovation.PTC has established a robust presence in the India Immersive Technology in Manufacturing Market by leveraging its comprehensive suite of AR and IoT solutions designed for the manufacturing sector.

The company is known for its strong emphasis on product development and innovation, enabling manufacturers to embed immersive technologies within their operational framework seamlessly. PTC's Augmented Reality offerings stand out, enhancing the capabilities of engineers, designers, and production teams by providing real-time, interactive visualizations of digital twins and complex machinery. This focus on digital transformation allows PTC to strengthen customer relationships, providing tailored solutions that foster an environment of continuous improvement within the manufacturing landscape in India.

Wipro, on the other hand, has made significant strides in the India Immersive Technology in Manufacturing Market through a range of services and solutions that cater to the manufacturing sector's unique needs. The company emphasizes digital engineering and has developed key offerings such as AR-based training modules and immersive simulation environments for various processes.

Wipro's strength lies in its ability to integrate these technologies with AI and machine learning, providing clients with comprehensive solutions that enhance decision-making and operational efficiency. Additionally, through strategic partnerships and acquisitions, Wipro has fortified its capabilities in immersive technology, offering end-to-end solutions tailored specifically for the Indian manufacturing landscape. The company's proactive approach to innovation and its focus on creating industry-specific applications further position it as a leader in this evolving market.

Key Companies in the India Immersive Technology in Manufacturing Market Include

• PTC
• Wipro
• NVIDIA
• HCL Technologies
• Qualcomm
• Unity Technologies
• Tata Consultancy Services
• Cognizant
• Hexagon
• Autodesk
• Accenture
• Tech Mahindra
• Bentley Systems
• Infosys
• Siemens

India Immersive Technology in Manufacturing Market Industry Developments

Recent developments in the India Immersive Technology in Manufacturing Market showcase significant advancements and collaborations among key players. PTC continues to enhance its offerings in Augmented Reality and IoT to support manufacturing processes, while Wipro is expanding its capabilities in immersive technologies to boost production efficiency. NVIDIA's graphics processing power is being integrated into various manufacturing applications, enhancing visualization and design processes. HCL Technologies is leveraging Virtual Reality tools for training and simulations in manufacturing environments.

Additionally, Qualcomm and Unity Technologies are partnering to improve AR experiences in industrial settings.Mergers and acquisitions have also been notable, with Autodesk acquiring innovative startups in the immersive space, enhancing its product capabilities around April 2023, while Tata Consultancy Services is looking to acquire smaller firms in the virtual and augmented reality domains to broaden its service offerings.

Growth has been evident, with the market valuation for immersive technologies expected to rise significantly due to increased investment from major firms such as Cognizant and Siemens, focusing on Research and Development initiatives. Over the last two years, initiatives by the Indian government to promote advanced manufacturing technologies have further stimulated the market, establishing India as a competitive player in the global immersive technology landscape.

India Immersive Technology in Manufacturing Market Segmentation Insights

• Immersive Technology in Manufacturing Market Component Outlook
  • Hardware
  • Head-Mounted Display (HMD)
  • Gesture Tracking Devices (GTD)
  • Projectors & Display Walls (PDW)
  • Software/Platform
  • Services
  • Professional and Managed
• Immersive Technology in Manufacturing Market Technology Outlook
  • Mixed Reality (MR)
  • Virtual Reality (VR)
  • Augmented Reality (AR)
  • 360 Film
• Immersive Technology in Manufacturing Market Application Outlook
  • Training & Learning
  • Emergency Services
  • Product Development
  • Sales & Marketing

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	73.75(USD Million)
MARKET SIZE 2024	85.19(USD Million)
MARKET SIZE 2035	12.77(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	-15.846% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	PTC, Wipro, NVIDIA, HCL Technologies, Qualcomm, Unity Technologies, Tata Consultancy Services, Cognizant, Hexagon, Autodesk, Accenture, Tech Mahindra, Bentley Systems, Infosys, Siemens
SEGMENTS COVERED	Component, Technology, Application
KEY MARKET OPPORTUNITIES	AR for remote maintenance, VR for training simulations, Enhanced design visualization, Digital twin technology integration, Real-time data analytics applications
KEY MARKET DYNAMICS	increased automation adoption, rising demand for virtual training, enhanced worker safety measures, integration of AI technologies, cost reduction in operations
COUNTRIES COVERED	India