The Asia Pacific AI in Virtual Reality Market is expected to witness market growth of 43.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific AI in Virtual Reality Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $17.24 billion by 2031. The Japan market is showcasing a CAGR of 42.3% during 2024-2031. Additionally, the India market would register a CAGR of 44.1% during 2024-2031.
The convergence of artificial intelligence (AI) and virtual reality (VR) has created a dynamic synergy that revolutionizes various industries and transforms how users interact with digital environments. The AI in virtual reality market is experiencing significant growth, driven by innovations in both AI and VR technologies and the increasing adoption of these technologies across a wide range of sectors. AI enables a wide range of applications in VR, enhancing the immersive experience and making it more interactive and realistic.
Moreover, AI-powered VR has revolutionized storytelling in entertainment and gaming by enabling dynamic narratives that adapt to a player's choices. Traditionally, stories in games and films follow a fixed narrative, but AI allows the story to change in real-time based on the user’s actions.
India's media and entertainment industry is undergoing rapid transformation, and technology plays a significant role in shaping its future. As one of the largest entertainment markets, India’s media sector is expanding rapidly, with the digital media and gaming subsegments driving much of the growth. According to the National Investment Promotion and Facilitation Agency (NIPFA), India's media and entertainment sector is projected to reach $100 billion by 2030. This growth directly contributes to AI's expansion in virtual reality (VR) as the demand for immersive and interactive content increases.
Based on Technology, the market is segmented into Computer Vision, Machine Learning & Deep Learning, Natural Language Processing (NLP), and Gesture, Speech Recognition & Others. Based on Platform, the market is segmented into Head-Mounted Displays (HMDs), Desktop Computers & Consoles, Mobile Devices, Projectors & Smart Glasses, and Wearables & Body Tracking Devices.
The China market dominated the Asia Pacific AI in Virtual Reality Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $17.24 billion by 2031. The Japan market is showcasing a CAGR of 42.3% during 2024-2031. Additionally, the India market would register a CAGR of 44.1% during 2024-2031.
The convergence of artificial intelligence (AI) and virtual reality (VR) has created a dynamic synergy that revolutionizes various industries and transforms how users interact with digital environments. The AI in virtual reality market is experiencing significant growth, driven by innovations in both AI and VR technologies and the increasing adoption of these technologies across a wide range of sectors. AI enables a wide range of applications in VR, enhancing the immersive experience and making it more interactive and realistic.
Moreover, AI-powered VR has revolutionized storytelling in entertainment and gaming by enabling dynamic narratives that adapt to a player's choices. Traditionally, stories in games and films follow a fixed narrative, but AI allows the story to change in real-time based on the user’s actions.
India's media and entertainment industry is undergoing rapid transformation, and technology plays a significant role in shaping its future. As one of the largest entertainment markets, India’s media sector is expanding rapidly, with the digital media and gaming subsegments driving much of the growth. According to the National Investment Promotion and Facilitation Agency (NIPFA), India's media and entertainment sector is projected to reach $100 billion by 2030. This growth directly contributes to AI's expansion in virtual reality (VR) as the demand for immersive and interactive content increases.
Based on Technology, the market is segmented into Computer Vision, Machine Learning & Deep Learning, Natural Language Processing (NLP), and Gesture, Speech Recognition & Others. Based on Platform, the market is segmented into Head-Mounted Displays (HMDs), Desktop Computers & Consoles, Mobile Devices, Projectors & Smart Glasses, and Wearables & Body Tracking Devices.
List of Key Companies Profiled
- Microsoft Corporation
- HTC Corporation
- Meta Platforms, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Sony Corporation
- Unity Software Inc.
- Magic Leap, Inc.
- Apple, Inc.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Google LLC
Market Report Segmentation
By Technology
- Computer Vision
- Machine Learning & Deep Learning
- Natural Language Processing (NLP)
- Gesture, Speech Recognition & Others
By Platform
- Head-Mounted Displays (HMDs)
- Desktop Computers & Consoles
- Mobile Devices
- Projectors & Smart Glasses
- Wearables & Body Tracking Devices
By Application
- Gaming & Entertainment
- Education & Training
- Healthcare & Medical
- Retail & E-commerce
- Social Media & Communication
- Industrial & Manufacturing
- Tourism & Travel
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific AI in Virtual Reality Market by Technology
Chapter 6. Asia Pacific AI in Virtual Reality Market by Platform
Chapter 7. Asia Pacific AI in Virtual Reality Market by Application
Chapter 8. Asia Pacific AI in Virtual Reality Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Microsoft Corporation
- HTC Corporation
- Meta Platforms, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Sony Corporation
- Unity Software Inc.
- Magic Leap, Inc.
- Apple, Inc.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Google LLC
Methodology
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