openPR Logo
Press release

AR VR in Manufacturing Market Outlook 2026: Top Companies, Trends and Growth Factors Details for Business Development

08-05-2020 01:25 PM CET | IT, New Media & Software

Press release from: AllTheResearch

According to AllTheResearch, the Global AR VR in Manufacturing Market Ecosystem was valued at US$ 1951 million in the year 2018 and is expected to reach US$ xx million, growing at a CAGR of approximately 37% by 2027
Snapshot of Global AR VR in Manufacturing Ecosystem:
The development of advanced technologies like AR VR is revolutionizing the way the manufacturing industry works. There is a rising focus on digital transformation across the manufacturing sector. AR VR in manufacturing will be one of the key enablers for this digital transformation. Enhanced AR VR solutions will help make maintenance activities on the shop floor more efficient. Ford motors has adopted its own virtual reality technology. Virtual reality application in Ford motors captures human movements during equipment assembly, in order to ensure the safety and productivity of employees. The deployment of AR VR in manufacturing has reduced employee injuries by 70%. It also helps in increasing productivity.

The growth of this AR VR in Manufacturing Market is primarily driven by increasing disposable incomes, growing technological innovation in Logistics, Healthcare, Automotive, Retail, BFSI industry.
AR VR in manufacturing provides step-by-step information for training the employees in assembling the aircraft wing section. The deployment of AR VR in this process has has reduced the assembling time by 35% in comparison to the traditional methods where the trainees rely on huge documentations. In 2017. This virtual smart glass connects the technician with experts, which helps the experts in monitoring the maintenance process virtually, thereby assisting the technicians on floor. Lockheed Martin, Bell Helicopter, and TAE Aerospace are a few aerospace companies that have adopted AR VR in manufacturing applications.

Get Exclusive Sample PDF with Top Companies Market Positioning Data
https://www.alltheresearch.com/sample-request/382

Impact of COVID-19:
AR VR in Manufacturing Market report analyses the impact of Coronavirus (COVID-19) on the AR VR in Manufacturing industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the AR VR in Manufacturing market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.

COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

Get Sample PDF of COVID-19 ToC to understand the impact and be smart in redefining business strategies.
https://www.alltheresearch.com/impactC19-request/382

Global AR VR in Manufacturing Market Segmentation:
Following Top Key players are profiled in this Market Study:
Apple Inc, Google LLC, Qualcomm Inc, Samsung Electronics Co. Ltd, Microsoft Corporation

End User: Logistics, Healthcare, Automotive, Retail, BFSI, Defence, Aerospace, Others

Global AR VR in Manufacturing Ecosystem
One of the biggest advantages of deploying AR VR in manufacturing is the efficiency in extracting accurate details from the digital overlay. This extra layer of digitization brings a sense of clarity to the employees working on a factory, thus improving workers’ productivity. Further, AR VR applications will make equipment maintenance in the manufacturing unit more efficient. Due to its immersive detailing, it is used in training of professionals, which helps reduce the operational cost involved in training the newly joined professionals.

BAE systems builds propulsion systems for hybrid buses using electric battery. The company uses Microsoft’s Hololens that reduces workers’ cycle time by 50% and training time up to 40%. Hence, most of the applications of AR VR in manufacturing ecosystem focus on bringing more efficiency and cost reduction in the long run. Currently, few companies that have deployed AR VR in manufacturing processes have witnessed the true potential of this technology. The deployment of AR VR in manufacturing is expected to rise in future.

Table of Content:
Ecosystem Report – Table of Content
1.Introduction
1.Global AR VR in Manufacturing Market Ecosystem Definition
2.Scope of study 
2.Executive Summary
1.Global Market Segmentation
AR VR in Manufacturing Market Ecosystem Positioning
1.Global AR VR in Manufacturing Market Ecosystem Snapshot
2.Global AR VR in Manufacturing Market Ecosystem Segmentation
1.By Component
AR VR in Manufacturing Market Ecosystem Sizing, Volume, and ASP Analysis & Forecast
1.Global AR VR in Manufacturing Market Ecosystem Sizing & Volume
1.Cross-segmentation
And More…

View Complete Report with Different Company Profiles
https://www.alltheresearch.com/report/382/arvr-in-manufacturing-ecosystem-market

AllTheResearch
Contact Person: Rohit B.
Tel: 1-888-691-6870
Email: contactus@alltheresearch.com

About Us:
AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that its not just sheer data-points, but the right analysis that creates a difference.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release AR VR in Manufacturing Market Outlook 2026: Top Companies, Trends and Growth Factors Details for Business Development here

News-ID: 2104162 • Views: 237

More Releases from AllTheResearch

PRIVATE CLOUD STORAGE MARKET WITNESS TO GROW REMARKABLE CAGR OF 6.06%BY 2025 | T …
The Private Cloud Storage Market was valued at US$ 6,603.3Mn in the year 2018 and is expected to reach US$ 21,546.8 Mn by the year 2026, with a high CAGR during the forecast period. The ripple effect of Coronavirus-COVID19 on the Private Cloud Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the
3D PRINTING MATERIALS MARKET 2020 WILL EMERGE GLOBALLY AND GROW AT 20.6% OF CAGR …
The Global 3D printing Materials Market was valued at USD 1.35 billion in 2018 and is expected to reach USD 6.12 billion in 2026, growing at a CAGR of 20.6% during the forecast period. The ripple effect of Coronavirus-COVID19 on the Private Cloud Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the
AI in Retail Market Trends, Top Manufactures, Market Demands, Industry Growth An …
According to AllTheResearch’s analysis, The Global AI in Retail Market Ecosystem Market Ecosystem was valued at US$ 5,399 mn in 2018 and is expected to reach US$ xx mn by the year 2026, growing at a CAGR of 28.4% by 2026. The ripple effect of Coronavirus-COVID19 on the AI in Retail Ecosystem Market Ecosystem needs to become part of strategy discussions to emerge strong. Download Sample PDF of COVID-19 ToC to
AI in Pharmaceutical Market Forecast 2026: Top Companies, Trends and Growth Fact …
According to AllTheResearch’s analysis, The Global AI in Pharmaceutical Market Ecosystem growing at a CAGR of 23.1% by 2026. The ripple effect of Coronavirus-COVID19 on the AI in Pharmaceutical Market Ecosystem needs to become part of strategy discussions to emerge strong. The need for next-gen technologies like AI to deal with COVID-19 could be one of the most important milestones in the AI ecosystem. From last, 4-month utilization of AI is

All 5 Releases


More Releases for Manufacturing

Peanut Butter Manufacturing Unit
Peanut butter is a high calorie, high protein product manufactured by grinding peanuts. It is a good alternative for dairy butter and widely used as a bread spread. Peanut butter is popular amongst Americans, and it is a part of their daily breakfast. The demand for peanut butter is susceptible to consumer spending. As disposable income increases, the willingness of the people to purchase the peanut butter also increases. On
Solar Harvester Manufacturing Business
Solar Harvesters are used to store and process the energy emitted from the sun to produce electric energy collected for future use or consumptions. As it prevents carbon emissions, helps diversify the power generation mix, reduces dependence on fossil fuels, and can increase off-grid energy access; itis considered as a prominent source of energy. Estimation shows that if only 2% of the solar energy hitting the earth’s surface each day was
BANANA POWDER MANUFACTURING UNIT
The Banana Powder is the product that has attained much cognizance in the past few years owing to the increasing applicability in food processing, cosmetic and other industries. The banana powder is prepared by vacuum processing as well as the freeze-drying method. The increased production of the powder is favored by round the year availability of raw bananas in India as well as countries like China, Philippines, Ecuador, Brazil which
Experience intelligent connected manufacturing
Trebing + Himstedt will present numerous live demos, from 3-D worker instructions, to shop floor analytics, to predictive maintenance, at the Hannover Trade Fair 2016 Schwerin, March 8, 2016 – Trebing + Himstedt, SAP MES expert for consulting, implementation and licensing of SAP solutions in the production environment, presents practical example applications for intelligently connected production based on SAP MES and IoT solutions. Visitors to the Hannover Trade Fair can experience
Manufacturing in the City?
Urban manufacturing is not just good for companies What strategies and concepts are required to ensure city-based manufacturing gives all its stakeholders added value? The Urban Production innovation network brings Fraunhofer IAO together with partners to develop new approaches for urban manufacturing. Global trends such as the world’s growing population, ongoing urbanization and our increasing awareness that raw materials are a finite resource are forcing us to find ways to make
Interfaces for tomorrow’s manufacturing
A trend study identifies the potential for humans and technology to interact in a manufacturing environment Fraunhofer IAO has looked into the effects that developments in the field of manufacturing will have on the interface between humans and technology. The study highlights the potential for future-proof human-machine interfaces (HMIs) and discusses the challenges that will have to be overcome in designing tomorrow’s HMIs and HMI engineering tools. Human-machine interfaces (HMIs) are