India is at present the third nation on the planet with regards to drawing investment for technology transactions

Extended reality (XR) has opened-up boundless conceivable outcomes and real advantages for both consumers and businesses since 2013. Vivid advancements, for example, virtual reality (VR), augmented reality (AR) and mixed reality (MR) are the three significant variations of XR. Remarkable contributions from these three technologies present apparent possibilities to become mainstream in the following three to five years. As indicated by Digi-Capital, investors see AR/VR as the fourth wave of technology, after computers, the internet and then mobile.

AR is often encompassed with VR (augmented reality) and is graduating towards extended reality (XR). The latter incorporates all virtual-and-real environments and human-machine interactions created by computer innovation and wearables.

Schneider Electric is harnessing the power of AR and XR. The organization's industrial facility in Bengaluru, India, has incorporated AR to give operators visibility into operations and maintenance, driving a 10% decrease in time taken to fix crucial hardware.

XR will soon become a major platform to illuminate and draw in customers across industries from real estate to automobiles, to education to travel.

The present AR devices don't have the correct form factor for users. As opposed to seeing little screens in our hands, significant information will be introduced to us through lightweight, low-cost AR displays. Moreover, Natural User Interfaces and brain-computer interfaces will change the manner in which we communicate with future AR platforms.

On the other hand, considering XR as an entertainment tool, different enterprises didn't give a lot of consideration in the previous years and passed up a great opportunity the potential advantages they may have enjoyed otherwise. Apart from the absence of general awareness, the pragmatic explanations behind the stoppage of XR adoption in the industry (4.0) were data readiness, powerlessness to identify the use cases and to comprehend the potential for the exceptionally speedy return-on-investment. However, in the wake of seeing the real case-studies demonstrated advantages from the early XR-adopters (like Boeing, Airbus, Ford, Siemens, GE, Volkswagen, Shel, etc); presently every industry on the earth begins returning to these innovations with another point of view.

The COVID-19 pandemic is bittersweetly affecting the extended reality market, as, on one hand, the expanding number of individuals telecommuting is prompting the developing pattern of virtual  training sessions and meetings, which is bringing about an increasing interest for AR/VR products. Then again, the lockdown measures started in nations around the globe have prompted slow or no assembling of empowering hardware systems, which has affected the business development rate.

The AR/VR industry in India is at a beginning stage. According to Silicon India Startup City, over the recent couple of years, just around 170 new startups have arisen in this space. Notwithstanding, in the following five years, this industry is probably going to see a compound annual growth rate of 76%.

The Alive App was the first achievement in India's technology consumption that brought augmented reality (AR) into numerous families.

This makes opportunities for new products and services, new content, operational efficiency, and enhanced customer experiences, giving India a critical economic opportunity. Indian organizations are now exploiting XR advances. XR innovations likewise offer the export-oriented IT services industry and profound tech start-up community new worldwide opportunities. They can possibly improve social results and drive comprehensive development, making these advancements alongside artificial intelligence key empowering agents of India's financial advancement.

The recent Make in India activities and plans by the Indian govt is opening new open doors for more extensive adoption of 'Industry 4.0'. Organizations like Boeing, Bosch and GE are already making immense investments for Industry 4.0 usage in India. The idea of VR/AR in 'Industry 4.0' is soon going to change the manner in which Indian industries are going to design, produce, market, service their customers & train their employees.