Nanchang VR industry hits record revenue of 80 billion yuan this year

From October 19th to 20th, the 2023 World VR Industry Conference will be held in Nanchang, Jiangxi. The World VR Industry Conference has been successfully held in Nanchang for five times and has become a benchmark for the development of the global virtual reality industry and a gathering place for investment. In the first five sessions of the conference, the city signed a total of 303 projects with a total investment of 202.41 billion yuan. The results of the conference were efficiently transformed and promoted the development of the industry to a new level in consecutive years. Up to now, Nanchang has gathered 282 VR and related companies, basically forming a relatively complete VR industry chain covering hardware, software, content production and distribution, application services and other links, and building an industrial "ecosystem" in which upstream, midstream and downstream companies gather and develop together. "Circle" and "Circle of Friends", this year's annual operating revenue is expected to exceed 80 billion yuan, accelerating its move towards a "world-class VR center".

National Virtual Reality Innovation Center

Build a national innovation center

On October 19, 2022, at the 2022 World VR Industry Conference, the National Virtual Reality Innovation Center was officially unveiled. The only national innovation center in the field of virtual reality was settled in Nanchang. Over the past year, the center has made breakthroughs in a number of key common technologies in the fields of optical display, human-computer interaction, and graphics computing, and a number of major research and development results have successively entered the pilot or industrialization stage. "On this basis, it is our goal to incubate each enterprise, form a VR industry ecosystem, and promote the high-quality development of the VR industry." said Zhou Jianguo, director of the National Virtual Reality Innovation Center and general manager of Nanchang Virtual Reality Research Institute Co., Ltd.

Zhou Jianguo revealed that at this year’s World VR Industry Conference, the MICRO-LED holographic volume grating optical waveguide technology jointly developed by the Nanchang Laboratory led by Academician Jiang Fengyi and the National Innovation Center led by Director Zhou Jianguo will be used as the core of the Metaverse. Major technological breakthroughs are on display.

Jiangxi Kejun Industrial Co., Ltd. Virtual Holographic Interactive All-in-one Machine

Innovation capabilities have been further upgraded. Last year, Nanchang cooperated with Zhejiang University to establish the Jiangxi Qiushi Advanced Research Institute to carry out research and result transformation around VR and related fields; a number of innovation platforms such as China Mobile VR Innovation Center, China Unicom Virtual Reality Base, and Beihang Jiangxi Research Institute Positive progress has been made in various industrial chain links such as technology research, hardware research and development, content production, and application innovation, which has effectively promoted the city's virtual reality and related industries to rise in level.

The industrial ecology is becoming increasingly sound

At Pimax Technology located in Xiaolan Economic Development Zone, the company is testing the latest product - Pimax Crystal. This is the third generation VR headset that Pimax Technology took 2 years to develop and produced in Nanchang. The screen resolution will reach 12K, and the interpupillary distance can be automatically adjusted. Pu Haijun, director of Nanchang Xiaopai Virtual Reality Co., Ltd., said confidently: "The clarity is currently one of the best in the entire industry. It solves the screen door effect, smear, and delay, and improves user comfort. Pre-sale orders are currently It has been scheduled until March next year." In order to help companies like Xiaopai become better and stronger, Xiaolan Economic Development Zone established a 150 million yuan virtual reality industry development fund and gathered more than 50 VR companies.

Jiangxi Tomorrow High-tech Co., Ltd. Medical Clinical Virtual Simulation Operation Station

Over the past five years, Nanchang has used the conference to promote the convergence of global VR resources to Jiangxi, cultivate new momentum for the province's high-quality economic development, and build an integrated industrial ecosystem of "production, learning, research, and use". A number of domestic and foreign leading companies such as Huawei, Alibaba, Tencent, Qualcomm, and Hikvision have successively taken root in Nanchang; 16 of the top 50 national VR companies have settled in Nanchang, including Tellhow Creative, Lianchuang Electronics, China Unicom Lingjing Video, and Kejun Six companies, including Huaqin, Xiaopai, and Sanji Optoelectronics, are headquartered companies; a number of hardware manufacturing companies such as Huaqin, Xiaopai, and Sanji Optoelectronics have grown and emerged. Lianchuang Electronics VR/AR laser emitting lenses and modules have achieved mass production. Huaqin Huawei's second-generation VR controller set manufactured by Qin has been successfully offline.

In recent years, Nanchang has accelerated the construction of park platforms, accelerated the introduction of mid-to-high-end industrial resources into Honggutan District, the core hosting area of ​​the VR industry, the main cluster areas High-tech Zone and Xiaolan Economic Development Zone, and the VR industry of "one city, two parks" The overall layout is becoming more and more perfect. “On this basis, in order to further integrate platform resources and create digital industries and future industrial systems represented by VR, our city is planning to build Nanchang Future Science City with high standards. On an area of ​​139 square kilometers, we will make every effort to build a city integrating intelligent manufacturing, A future industrial development platform that integrates science, education, innovation and other multi-functions will become another solid carrier for our city’s VR industry. It is worth mentioning that our city has officially established the Nanchang Modern Industry Guidance Fund and General Administration of Industry and Commerce with a total scale of 20 billion yuan. The Jiangxi VR Industry Fund of Funds, with a scale of 3 billion yuan, will select and establish high-quality sub-funds around VR and other industries in the future to provide more powerful financial support for the development of the VR industry." said Zhao Jie, deputy mayor of Nanchang City.

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