Virtual reality headset market touches $3.4 million in Q1 2016

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The market for virtual reality (VR) headset seems to be growing steadily in the country. According to a latest research done by 6Wresearch, VR headset market shipment value has reached over $3.4 million in the January-March 2016 quarter. The report suggests that the rise in growth of VR headsets in the country is primarily due to improvement in computer technology and connectivity of internet and also increased in investments in the sector.

It also pointed out that with advancement in the field of entertainment and media, the market for virtual headsets has grown in this country. Another important factor for the growth is the demand coming from gaming enthusiasts and many smartphone players launching many different variants of phones in the country.

The research said that ANTVR and DOMO together captured more than 85 percent share of the market, with more than 11 vendors shipping virtual headsets in India.

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Talking to Economic Times, Anuj Mehrotra, senior research analyst at 6Wresearch-India electronics division, said, “increasing demand for virtual reality technology among mobile users, introduction of entry-level VR headsets in the market and effective marketing from smartphone manufacturers have boosted the India virtual reality market.”

By Atanu Kumar Das

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