Market Overview:
Augmented Reality (AR) is a technology that superimposes a computer-generated image on a user's view of the real world, thus providing a composite view. The global augmented reality in manufacturing market is expected to grow at a CAGR of 33.8% during the forecast period 2018-2030. The market growth can be attributed to factors such as increase in demand for AR in manufacturing sector, technological advancements and growing awareness about AR among end users. However, high cost associated with deployment and lack of standardization are some factors which may restrain the growth of this market during the forecast period. The global augmented reality in manufacturing market can be segmented on the basis of type into hardware and software segments. On the basis of application, it can be segmented into small and medium enterprises (SMEs) and large enterprises segments.
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Product Definition:
Augmented Reality (AR) is the process of supplementing the real-world environment with digital information, typically through the use of a mobile device or head-mounted display. AR can be used to provide instructions, overlay data onto objects in the real world, and even create 3D models from physical objects. The main advantage of AR in manufacturing is that it can help workers complete tasks more efficiently and safely. For example, if a worker needs to repair a machine, they could use AR to see an instructional overlay that tells them how to do it. Alternatively, if they need to assemble a part, they could see an image of what the finished product should look like and where each piece goes.
Hardware:
Hardware is the part of augmented reality that creates an environment for the software to operate. It includes devices such as cameras, displays, motion sensors and other input devices. Hardware components are used in AR to represent objects or people in a virtual space. The hardware can be connected through Bluetooth or Wi-Fi and it helps in enhancing the real world with digital objects.
Software:
Software is the Solution and it's used in Augmented Reality (AR) in Manufacturing market to improve the efficiency of manufacturing processes. It helps to connect virtual tools with physical assets, people, and process through technology. In other words, it helps to create a digital twin of an asset for efficient utilization of resources as well as production scheduling.
Application Insights:
The application segment has been further categorized into planning and designing, assembly and disassembly, quality control, training and certification. The software application dominated the market in 2017. It allows users to create a digital model of the real world environment through camera input devices for improved accuracy while designing products or processes. Furthermore AR technology helps in reducing product design errors by 80% as compared to traditional methods.
AR technology can also be effectively used during manufacturing process visualization by providing a real-time 3D view of the production floor that enables efficient monitoring & management of operations at each stage of production from initial concept to final product delivery with complete transparency throughout the entire manufacturing process as per user requirements. This is expected to drive demand over the forecast period owing to its ability provide accurate information about products during their development stages thereby resulting in higher adoption among SMEs which comprises small & medium-sized enterprises (SMEs).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments by key players in developing new technologies and innovations for end-users. Moreover, growing adoption of AR technology across various industries such as automotive, construction, retail and manufacturing is anticipated to drive regional growth over the next eight years.
Asia Pacific augmented reality (AR) in manufacturing market is projected to grow at a lucrative rate over the forecast period owing to increasing spending on smartphones and tablets coupled with rising disposable income among consumers especially in China & India which are some of the largest markets for A2A2R technology globally will boost demand further during 2018-2030 time frame. Furthermore, Japan has been one of early adopters of emerging technologies such as Augmented Reality (AR).
Growth Factors:
- Increased demand for AR in manufacturing from automotive and aerospace industries due to the need for advanced visualisation and collaboration tools for design and production processes.
- Growing popularity of AR-based training applications that provide an immersive experience, helping employees learn new tasks quickly.
- Increasing use of AR in quality control to identify defects or potential problems with products during the manufacturing process.
- The development of more affordable AR headsets and eyewear that can be used in industrial settings, making the technology more accessible to businesses.
- Advances in machine learning and artificial intelligence that will enable more sophisticated data analysis and predictive maintenance within factories using AR technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Augmented Reality (AR) in Manufacturing Market Research Report
By Type
Hardware, Software
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
Atheer, EON Reality, Intel(Eonite Perception), Marxent Labs LLC, Kaon Interactive Inc, VividWorks Oy, Augment, Microsoft, Innoppl, Vital Enterprises, Inglobe Technologies, RE'FLEKT, Cratus Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Augmented Reality (AR) in Manufacturing Market Report Segments:
The global Augmented Reality (AR) in Manufacturing market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises (SMEs), Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atheer
- EON Reality
- Intel(Eonite Perception)
- Marxent Labs LLC
- Kaon Interactive Inc
- VividWorks Oy
- Augment
- Microsoft
- Innoppl
- Vital Enterprises
- Inglobe Technologies
- RE'FLEKT
- Cratus Technology
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Highlights of The Augmented Reality (AR) in Manufacturing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Augmented Reality (AR) in Manufacturing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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- Market Entry Strategies
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- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Augmented reality (AR) is a technology that allows users to see digital objects and images overlaid on the real world. This can be done through devices such as smartphones, tablets, or computers. AR can be used for a variety of purposes, including manufacturing. For example, AR could be used to help designers create 3D models of products before they are manufactured.
Some of the key players operating in the augmented reality (ar) in manufacturing market are Atheer, EON Reality, Intel(Eonite Perception), Marxent Labs LLC, Kaon Interactive Inc, VividWorks Oy, Augment, Microsoft, Innoppl, Vital Enterprises, Inglobe Technologies, RE'FLEKT, Cratus Technology.
The augmented reality (ar) in manufacturing market is expected to register a CAGR of 33.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Augmented Reality (AR) in Manufacturing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Augmented Reality (AR) in Manufacturing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Augmented Reality (AR) in Manufacturing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Augmented Reality (AR) in Manufacturing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Augmented Reality (AR) in Manufacturing Market Size & Forecast, 2018-2028
4.5.1 Augmented Reality (AR) in Manufacturing Market Size and Y-o-Y Growth
4.5.2 Augmented Reality (AR) in Manufacturing Market Absolute $ Opportunity
Chapter 5 Global Augmented Reality (AR) in Manufacturing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Augmented Reality (AR) in Manufacturing Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Augmented Reality (AR) in Manufacturing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Augmented Reality (AR) in Manufacturing Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Augmented Reality (AR) in Manufacturing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Augmented Reality (AR) in Manufacturing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Augmented Reality (AR) in Manufacturing Analysis and Forecast
9.1 Introduction
9.2 North America Augmented Reality (AR) in Manufacturing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Augmented Reality (AR) in Manufacturing Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Augmented Reality (AR) in Manufacturing Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (SMEs)
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Augmented Reality (AR) in Manufacturing Analysis and Forecast
10.1 Introduction
10.2 Europe Augmented Reality (AR) in Manufacturing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Augmented Reality (AR) in Manufacturing Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Augmented Reality (AR) in Manufacturing Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (SMEs)
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Augmented Reality (AR) in Manufacturing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Augmented Reality (AR) in Manufacturing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Augmented Reality (AR) in Manufacturing Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Augmented Reality (AR) in Manufacturing Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (SMEs)
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Augmented Reality (AR) in Manufacturing Analysis and Forecast
12.1 Introduction
12.2 Latin America Augmented Reality (AR) in Manufacturing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Augmented Reality (AR) in Manufacturing Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Augmented Reality (AR) in Manufacturing Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (SMEs)
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Augmented Reality (AR) in Manufacturing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Augmented Reality (AR) in Manufacturing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Augmented Reality (AR) in Manufacturing Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Augmented Reality (AR) in Manufacturing Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (SMEs)
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Augmented Reality (AR) in Manufacturing Market: Competitive Dashboard
14.2 Global Augmented Reality (AR) in Manufacturing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atheer
14.3.2 EON Reality
14.3.3 Intel(Eonite Perception)
14.3.4 Marxent Labs LLC
14.3.5 Kaon Interactive Inc
14.3.6 VividWorks Oy
14.3.7 Augment
14.3.8 Microsoft
14.3.9 Innoppl
14.3.10 Vital Enterprises
14.3.11 Inglobe Technologies
14.3.12 RE'FLEKT
14.3.13 Cratus Technology
