Augmented Reality in Supply Chain Market worth $9.42 billion by 2030, growing at a CAGR of 22.97% - Exclusive Report by 360iResearch

The "Augmented Reality in Supply Chain Market by Offering (Hardware, Services, Software), Application (Aftersales Services, Maintenance & Repair, Training & Learning), End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Augmented Reality in Supply Chain Market to grow from USD 2.21 billion in 2023 to USD 9.42 billion by 2030, at a CAGR of 22.97%.

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The integration of augmented reality (AR) into supply chain operations represents a transformative advance, enhancing visibility, efficiency, and accuracy across various processes. AR superimposes digital information onto the physical world, thereby enabling warehouse personnel, logistics managers, and field operators to interact with real-time data and virtual objects. The widespread adoption of AR in the supply chain is fueled by several key factors, including the increasing demand for swift and precise logistics services, advancements in AR technology making it more accessible and affordable, and the continuous pursuit of operational excellence within industries. However, data privacy and security concerns, the need for substantial initial investment, and resistance to change from traditional operational frameworks restrain their utility. Market players are establishing robust cybersecurity measures, seeking cost-effective AR solutions with clear ROI projections, and fostering a culture of continuous learning & innovation. Enhanced interactive training programs, more immersive and efficient ways of conducting maintenance and repairs, and deeper integration with the Internet of Things (IoT) and machine learning can diversify AR in the supply chain.

In the Americas, the use of AR in supply chains is notably advanced, focusing on enhancing logistics, warehousing, and inventory management. The production of AR solutions in this region benefits from robust technological infrastructure, significant investments in R&D, and a strong ecosystem of AR developers and startups. Companies in the Americas are rapidly adopting AR for training purposes, maintenance, and to improve operational efficiency, driven by a high demand for reducing errors and optimizing supply chain processes. The APAC region emphasizes the use of AR in manufacturing and warehousing and is also pioneering in integrating AR with e-commerce to enhance online shopping experiences. The region's companies invest heavily in AR to gain a competitive edge in local and global markets, propelling innovation and development in the AR space. EMEA presents a mixed scenario, with European countries leading in the adoption of AR for complex manufacturing processes aimed at precision and minimizing defects. The use of AR in the EMEA supply chain is also geared towards sustainability and reducing carbon footprints, with companies leveraging AR for better route planning and energy-efficient warehouse management. Stringent regulations, a focus on high-quality standards, and significant government and private investment in technology development support the production and integration of AR technologies in this region. Companies in the EMEA region are increasingly partnering with AR solution providers to improve logistics and customer service and maintain compliance with regulatory standards.

Market Segmentation & Coverage:

This research report categorizes the Augmented Reality in Supply Chain Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Cameras, Displays & Projectors, Semiconductor Components, and Sensors. The Software is further studied across 3D Modeling, AR Remote Collaboration, Documentation, Navigation, Visualization, and Workflow Optimization. The Services is projected to witness significant market share during forecast period.

Based on Application, market is studied across Aftersales Services, Maintenance & Repair, Training & Learning, Transport Optimization, and Warehouse Optimization. The Warehouse Optimization is projected to witness significant market share during forecast period.

Based on End-user, market is studied across Aerospace & Defense, Automotive, Energy & Utility, Food & Beverage, Pharmaceuticals, and Retail & Marketing. The Aerospace & Defense is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.20% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Augmented Reality in Supply Chain Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Augmented Reality in Supply Chain Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Augmented Reality in Supply Chain Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk AS, Amazon.com, Inc., Apple Inc., AT&T Inc., Blippar Ltd., EON Reality, Inc., Extensiv by 3PL Central LLC, Google LLC by Alphabet Inc., Goolton Technology Co., Ltd., Honeywell International Inc., Inter IKEA Systems B.V., International Business Machines Corporation, LogistiVIEW Inc., Magic Leap, Inc., Mazer by XR Wizards sp. z o.o., Microsoft Corporation, Nsflow Sp. z o. o., PTC Inc., Qualcomm Incorporated, SAP SE, Sony Corporation, TeamViewer US, Inc., TechSee Augmented Vision Ltd., Toshiba Corporation, United Parcel Service of America, Inc., Verizon Communications, Vuzix Corporation, and Zebra Technologies Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Augmented Reality in Supply Chain Market, by Offering
7. Augmented Reality in Supply Chain Market, by Application
8. Augmented Reality in Supply Chain Market, by End-user
9. Americas Augmented Reality in Supply Chain Market
10. Asia-Pacific Augmented Reality in Supply Chain Market
11. Europe, Middle East & Africa Augmented Reality in Supply Chain Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Augmented Reality in Supply Chain Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Augmented Reality in Supply Chain Market?
3. What is the competitive strategic window for opportunities in the Augmented Reality in Supply Chain Market?
4. What are the technology trends and regulatory frameworks in the Augmented Reality in Supply Chain Market?
5. What is the market share of the leading vendors in the Augmented Reality in Supply Chain Market?
6. What modes and strategic moves are considered suitable for entering the Augmented Reality in Supply Chain Market?

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