Augmented Reality Will Hit a Turning Point in Industrial Industries in 2017
December 20, 2016 | ABI ResearchEstimated reading time: 1 minute
The augmented reality (AR) market in industrial industries, particularly logistics and manufacturing, will hit an inflection point in 2017 and grow by more than 400% over the previous year, forecasts ABI Research. This momentum will continue into 2018 with shipments expected to jump from 44,000 in 2017 to more than three million. This will occur as large multi-national companies like Boeing, DHL, GE, and Shell complete trials of the technology alongside the support of device manufacturers and platform companies. Given the current growth trajectory, industrial AR shipments are forecast to reach 16 million by 2021.
“Many companies see the potential value of AR within the space, and while a level of misunderstanding surrounding the technology and its capabilities can cause challenges, trials will allow workers to test and understand the benefits of the technology,” says Shelli Bernard, Research Analyst at ABI Research. “Industry players are collaborating to improve education surrounding the technology’s current capabilities, which will ensure that implementations meet organizations’ expectations in utilizing the technology.”
The benefits to AR applications in the workforce are substantial. Such applications can improve worker safety, streamline workflow processes, and significantly cut company travel costs through remote expertise implementations. As application and platform providers like APX Labs, Ubimax, and Vital Enterprises work alongside device manufacturers like Epson and Vuzix to deliver a wider array of solutions, AR application awareness will continue to grow through successful trials and end user education. Driving the majority of today’s AR implementations in industrial industries are larger, multi-national corporations with aggressive R&D budgets and substantial ROI potential.
“As the technology continues to prove its worth, this will lead to the development of additional programs in vertical markets,” concludes Eric Abbruzzese, Senior Analyst at ABI Research. “In the near future, AR will show the most value in specialized fields in which workers are distributed over large geographic areas. The hands-free support and communication enablement also makes the technology valuable for workers involved in manual tasks, such as maintenance and construction.”
Suggested Items
Warm Windows and Streamlined Skin Patches – IDTechEx Explores Flexible and Printed Electronics
04/26/2024 | IDTechExFlexible and printed electronics can be integrated into cars and homes to create modern aesthetics that are beneficial and easy to use. From luminous car controls to food labels that communicate the quality of food, the uses of this technology are endless and can upgrade many areas of everyday life.
iNEMI Packaging Tech Topic Series: Role of EDA in Advanced Semiconductor Packaging
04/26/2024 | iNEMIAdvanced semiconductor packaging with heterogenous integration has made on-package integration of multiple chips a crucial part of finding alternatives to transistor scaling. Historically, EDA tools for front-end and back-end design have evolved separately; however, design complexity and the increased number of die-to-die or die-to-substrate interconnections has led to the need for EDA tools that can support integration of overall design planning, implementation, and system analysis in a single cockpit.
Koh Young Showcases Award-winning Inspection Solutions at SMTconnect with SmartRep in Hall 4A.225
04/25/2024 | Koh Young TechnologyKoh Young Technology, the industry leader in True 3D measurement-based inspection solutions, will showcase an array of award-winning inspection and measurement solutions at SMTconnect alongside its sales partner, SmartRep, in booth 4A.225 at NürnbergMesse from June 11-13, 2023. The following offers a glimpse into what Koh Young will present at the tradeshow:
Real Time with… IPC APEX EXPO 2024: Plasmatreat: Innovative Surface Preparation Solutions
04/25/2024 | Real Time with...IPC APEX EXPOIn this interview, Editor Nolan Johnson speaks with Hardev Grewal, CEO and president of Plasmatreat, a developer of atmospheric plasma solutions. Plasmatreat uses clean compressed air and electricity to create plasma, offering environmentally friendly methods for surface preparation. Their technology measures plasma density for process optimization and can remove organic micro-contamination. Nolan and Hardev also discuss REDOX-Tool, a new technology for removing metal oxides.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).