Could India Shape The Future Of Immersive AR, VR Technology?

In a bylined opinion piece for Mint Lounge, Salone Sehgal, Founder and Managing Partner of Lumikai, explores whether India could shape the future of immersive AR and VR technology, as the global AR and VR market heads toward $38.6 billion in 2024 at a 10% CAGR.

She maps how the technology already helps improve surgical outcomes, train heavy machinery operators and Formula 1 drivers and plan cities, while powering films such as James Cameron's Avatar. In games, she points to green shoots despite bulky hardware, from Niantic's Pokémon Go with $5Bn in revenue to The Walking Dead VR game crossing $100Mn.

Closer to home, Indian startups like AutoVRse are using VR for safety training in heavy industries, platforms like VRChat are creating new social bonds and the AVGC Promotion Task Force signals government support through policies such as tax breaks for AR and VR development, talent skilling and infrastructure.

Read the article now.