Market Overview:
The global industrial AR platforms market is expected to grow at a CAGR of over 25% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial AR platforms from large enterprises and SMEs across different regions. Additionally, the growing trend of digitization and automation is also contributing to the growth of this market. The global industrial AR platforms market can be segmented on the basis of type into cloud-based and web-based industrial AR platforms. The cloud-based segment is expected to account for a larger share of the global industrial AR platforms market than the web-based segment during the forecast period from 2018 to 2030. This can be attributed to factors such as lower implementation costs and faster deployment times offered by cloud-based solutions compared with web-based solutions.
Product Definition:
Industrial AR Platforms are software platforms that allow companies to develop and deploy industrial augmented reality applications. Industrial AR Platforms provide a way for companies to create custom applications that can be used to improve worker productivity, safety, and accuracy.
Cloud Based:
Cloud-based AR/VR technology is a virtual environment, which is created by streaming live video from one or more remote servers. The technology uses a combination of software and hardware components to create the appearance and feel of an environment where users can interact with the digital world. It offers various advantages such as cost efficiency, ease of use, flexibility & scalability along with low maintenance & fewer security concerns among others.
Web Based:
The global web-based and it's usage in industrial AR platforms market size was valued at USD 1.5 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 18.7% from 2019 to 2025.
Application Insights:
The large enterprises segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to continue its dominance over the forecast period owing to factors such as extensive usage of enterprise resource planning (ERP) systems, strong presence of major players and growing adoption of augmented reality applications across various industries such as manufacturing, construction and logistics.
For instance, DHL¢â‚¬â„¢s Innovation Lab collaborated with Igloo to develop an augmented reality app for delivering pizza through drones. The app uses GPS-enabled devices and Google Maps data to show customers where their order is going before it is delivered by flying a drone around the area where they live so that they can track its movement on their smartphones. Such initiatives are expected drive industry growth over the coming years.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments by companies in China, Japan, South Korea, India and Australia. The rising adoption of augmented reality across various industries such as automotive (OEMs), retail (brick & mortar stores vs online shopping), education and training is also expected to drive regional market growth over the forecast period.
Increasing demand for smartphones coupled with growing penetration of AR technology has led consumers to download different apps that work on AR platform thereby driving industry growth across this region. North America is projected to grow at a significant rate owing high adoption of cloud-based solutions by enterprises due their cost benefits such as easy deployment, reduced maintenance costs etcetera which makes it suitable for small & medium enterprises while large enterprises prefer hosted based solutions due their advanced features along with enhanced performance requirements are met thus boosting regional market development over the forecast period.
Growth Factors:
- Increasing demand for industrial AR platforms from the automotive and aerospace industries for enhanced visualization and collaboration during product development and manufacturing processes.
- Growing demand for industrial AR platforms from the medical industry to improve surgical procedures, training, and patient care.
- Increasing use of industrial AR platforms in retail settings to provide interactive product demonstrations and customer support.
- Proliferation of low-cost head-mounted displays (HMDs) that can be used with industrial AR platforms to provide hands-free interaction with digital content in manufacturing environments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial AR Platforms Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
Vuforia, PTC ThingWorx, Apprentice, Atheer, AugmentedPro, Augmentir, DAQRI, Inscape AR, PaleBlue, Proceedix, Skylight
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Industrial AR Platforms Market Report Segments:
The global Industrial AR Platforms market is segmented on the basis of:
Types
Cloud Based, Web Based
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
Large Enterprises, SMEs
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:
- Vuforia
- PTC ThingWorx
- Apprentice
- Atheer
- AugmentedPro
- Augmentir
- DAQRI
- Inscape AR
- PaleBlue
- Proceedix
- Skylight
Highlights of The Industrial AR Platforms 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:
- Cloud Based
- Web Based
- By Application:
- Large Enterprises
- SMEs
- 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 Industrial AR Platforms 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.
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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?
Industrial AR platforms are a type of augmented reality platform that allow for the creation and distribution of AR applications. They typically include features such as camera tracking, object recognition, and 3D rendering capabilities. These platforms can be used to create tools or products that can be used by businesses or consumers.
Some of the key players operating in the industrial ar platforms market are Vuforia, PTC ThingWorx, Apprentice, Atheer, AugmentedPro, Augmentir, DAQRI, Inscape AR, PaleBlue, Proceedix, Skylight.
The industrial ar platforms market is expected to grow at a compound annual growth rate of 25%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial AR Platforms 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 Industrial AR Platforms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial AR Platforms 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 Industrial AR Platforms 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 Industrial AR Platforms Market Size & Forecast, 2018-2028
4.5.1 Industrial AR Platforms Market Size and Y-o-Y Growth
4.5.2 Industrial AR Platforms Market Absolute $ Opportunity
Chapter 5 Global Industrial AR Platforms 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 Industrial AR Platforms Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial AR Platforms 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 Industrial AR Platforms Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial AR Platforms 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 Industrial AR Platforms 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 Industrial AR Platforms Analysis and Forecast
9.1 Introduction
9.2 North America Industrial AR Platforms 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 Industrial AR Platforms Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
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 Industrial AR Platforms Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
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 Industrial AR Platforms Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial AR Platforms 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 Industrial AR Platforms Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
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 Industrial AR Platforms Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
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 Industrial AR Platforms Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial AR Platforms 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 Industrial AR Platforms Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
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 Industrial AR Platforms Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
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 Industrial AR Platforms Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial AR Platforms 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 Industrial AR Platforms Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
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 Industrial AR Platforms Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
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) Industrial AR Platforms Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial AR Platforms 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) Industrial AR Platforms Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
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) Industrial AR Platforms Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
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 Industrial AR Platforms Market: Competitive Dashboard
14.2 Global Industrial AR Platforms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vuforia
14.3.2 PTC ThingWorx
14.3.3 Apprentice
14.3.4 Atheer
14.3.5 AugmentedPro
14.3.6 Augmentir
14.3.7 DAQRI
14.3.8 Inscape AR
14.3.9 PaleBlue
14.3.10 Proceedix
14.3.11 Skylight
