Eyeing strong AR & VR business opportunities in India’s enterprise market, TNQ Technologies has invested in a Joint Venture with InGage to launch TNQ InGage. This joint venture brings together InGage’s immersive technology expertise and IP, and TNQ’s initial investment of USD 2 million.
TNQ InGage will focus on developing immersive technology solutions using Augmented Reality, Virtual Reality and Mixed Reality (AR, VR, MR) integrated with IoT and Analytics.
The solutions will provide enterprises in the healthcare, manufacturing, and construction industries, the following services – Immersive Training Simulators using Virtual Reality & Haptics, Field Service Tools through Augmented Reality & IOT and Digital Experience Centres for Industry 4.0.
The global AR, VR market size is aimed at $100 bn in the next five years. In India, with the government now focusing on skilling & development, improved infrastructure supporting new forms of content delivery and potential adoption of Industry 4.0, TNQ InGage will be focussing investments towards product R&D to improve human interaction with virtual objects, through haptics and photo-realistic rendering. The goal is to develop truly immersive world-class VR products & services for the healthcare and industrial sectors, in the areas of training and rehabilitation.