Market Report on Japan's VR and AR Industries
Apr 04, 2018
This market report presents opportunities for foreign companies that are interested in developing smart agriculture businesses in Japan. The report includes information on the market size, current condition, and potential partners for market entry.
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- In 2016, the size of Japan’s VR/AR market was around 14.1 billion yen. It is estimated to increase to 211.1 billion yen by 2020.
- VR/AR technologies are expected to be applied in a wide variety of industries, such as medicine, tourism, retail, and manufacturing. Some startups and large companies in Japan have been providing VR/AR technologies for industrial solutions.
- The Ministry of Economy, Trade and Industry (METI) is providing subsidies for the costs involved in creating contents that utilize advanced content creation technologies (including VR and AR) to promote the products, services, or tourism of local regions.