Augmented reality (AR) is a term used to identify a set of technologies that allow the view of the real world environment to be augmented or enhanced by computer-generated elements or objects. The visual perception of elements in the physical environment is enhanced through the use of computing devices. An emerging area of AR applications is the manufacturing industry, which is concerned with the process of transforming raw materials into finished goods with added value. Manufacturing companies need real-time information exchanges at various stages of the product lifecycle such as design, prototyping, production, assembly, maintenance/repair, etc.. This is due to rapid globalization and increase in the complexity of internal processes and supply chains. In this scenario, AR can be of great help because of its capability to simulate, assist, and improve the processes before they are carried out. The customers of manufacturing and industrial enterprises are open to utilizing augmented reality (AR) value-add services to reduce downtime and further streamline their operations.
Get sample copy at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55272
Manufacturing enterprises are using augmented reality in various applications. The technology is being used in assistive systems that provide complex assembly instructions using head-mounted displays (HMDs). Augmented reality is also used in the training and development of workers to address an acute skill gap by proving expert assistance and support in manufacturing operations through telepresence solutions. Moreover, the technology is used in safety inspection and error detection and comprehensive quality assurance checks. For instance, AR is used in Porshe’s quality assurance processes for its car manufacturing plant. AR can be used in quality assurance in order to perform real-time analysis of parts and assembled components, leading to the possibility of the automation of QA processes.
The augmented reality in the manufacturing market is primarily driven by an increase in the development and adoption of AR capable wearables and systems such as Microsoft’s Hololens and the Oculus Rift. These products are capable of running on portable general purpose devices such as tablets or smartphones and dedicated hardware such as smart glasses and head mounted displays.
Augment reality devices have been known to be used in the manufacturing processes of major players such as Boeing. Companies use AR technology for improving their wire assembly process with AR headsets, which allow employees to issue voice commands conveniently and view information quickly. Using AR devices has reduced Boeing’s wire assembly process time by 25% and has lowered errors to nearly 0%. Ford notably has used the Microsoft HoloLens AR headset in order to overhaul its design process, which has allowed the company’s designers to be more creative, collaborate better, improve decision making, as well as work quicker.
In terms of region, the augmented reality in the manufacturing market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. The augmented reality in the manufacturing market in Asia Pacific is expected to expand at a rapid rate during the forecast period, due to rapid expansion in the manufacturing industries across developing economies such as India and China. The market in China is likely to be propelled by large investments in manufacturing operations for developing latest technological devices such as smart glasses. Presence of major players such as Samsung Electronics and Seiko Epson Corporation is expected to positively affect the market in China, Japan, and South Korea.
Major vendors providing AR Solutions are Atheer Inc., EON Reality Inc., Eonite Perception Inc., Marxent Labs LLC, Kaon Interactive Inc., and VividWorks Oy.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=55272<ype=S
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact:
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
Email: [email protected]
Website: https://www.transparencymarketresearch.com
