VIRTUAL REALITY – SECTOR NOTE
​Virtual Reality is set to bridge the gap between physical and digital worlds. The VR industry is poised to be the next technological game changer with global giants such as Facebook, Google, Microsoft and Baidu invested in it. This report provides an overview on the overall VR industry environment and the VR investment landscape in China.
- ​Applications: VR is expected to disrupt a large number of industries, with applications in gaming, sports broadcasting and real estate being a few. It will have applications in relation to Industry 4.0
- Artificial intelligence: AI enables systems to function in a manner that aims to replicate human intelligence. This is another promising avenue that has witnessed significant VC interest.
- China VR environment: China’s VR industry is expected to have exponential growth with the companies invested in VR and number of VR users steadily rising. Atleast 200 startups are operational in China’s VR industry as reported by Bloomberg.
- Players: Tencent Holdings and LeEco have enjoyed early mover advantage in China. Baofeng Group and GoerTek Inc are amongst significant players in this domain. Private companies include Idealens, VRTRID, AntVR, DeePoon and VR Technology Ltd.
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