Global Augmented Reality & Virtual Reality In Manufacturing Market Size study & Forecast, by Component, by Device, by Application and Regional Analysis, 2022-2029

Description

List of Tables

Global Augmented Reality & Virtual Reality In Manufacturing Market is valued at approximately USD 5.57 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 29.3% over the forecast period 2022-2029. Augmented Reality (AR) is a better version of the real-world environment that is attained by utilizing digital visual sound, elements, or other sensory stimuli and delivered through technology. This technology enables manufacturers to access overall manual processes, along with automated data simultaneously. Likewise, Virtual Reality (VR) is a virtual or simulated experience that is alike to or entirely varied from the real world. VR in manufacturing industry is used to imitate the design of prototypes or models on advanced VR software, which helps to rectify errors at the initial stage and lessens production time and cost. The surging demand for compact augmented and virtual reality headsets & controllers, rising focus on industrial automation, and increasing need for minimizing operational costs are bolstering the market growth across the globe.

According to Statista, in 2020, the industrial automation market accounted for USD 175 billion, which is anticipated to reach USD 265 billion by the year 2025. Therefore, the rising investment in industrial automation is exhibiting a positive influence on the growth of Augmented Reality & Virtual Reality In Manufacturing Market. In addition, the increasing technological revolution in the industry, as well as developments of emerging economies are presenting lucrative prospects to the market over the forecasting years. However, unavailability of essential resources and dearth of skilled professionals stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Augmented Reality & Virtual Reality In Manufacturing Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the region being the early adopter of emerging technologies and increasing investment in AR and VR developments. Whereas, the Asia Pacific is expected to grow with the highest growth rate during the forecast period. Factors such as growth of the manufacturing sector, as well as, rising popularity of augmented and virtual reality technologies for industrial end-use, are burgeoning the market growth in the forecasting years.

Major market players included in this report are:

Microsoft Corporation

Google LLC

Samsung Group

Vuzix Corporation

SkillReal

Ediiie

EON Realty, Inc.

Kaon Interactive Inc.

Worldviz, Inc.

ESI Group

Recent Developments in the Market:

In September 2021, Vuzix Corporation announced the company's partnership agreement with KTI Ingenieria SpA, a consulting company in digital transformation, which aims for the deployment of Vuzix Corporation's Smart Glasses across several Chilean companies such as Dior, Molycorp, Komatsu, Statkraft, CMPC, SQM, and FCAB.

Global Augmented Reality & Virtual Reality In Manufacturing Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Component, Device, Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Hardware

Software

Services

By Device:

Head-Mounted Display

Head-up Display

Handheld Devices

By Application:

Product Design & Development

Safety & Training

Maintenance & Repair

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

ROLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Augmented Reality & Virtual Reality In Manufacturing Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Augmented Reality & Virtual Reality In Manufacturing Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. Augmented Reality & Virtual Reality In Manufacturing Market, by Device, 2019-2029 (USD Billion)
- 1.2.4. Augmented Reality & Virtual Reality In Manufacturing Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Augmented Reality & Virtual Reality In Manufacturing Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Augmented Reality & Virtual Reality In Manufacturing Market Dynamics

3.1. Augmented Reality & Virtual Reality In Manufacturing Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Surging demand for compact augmented and virtual reality headsets & controllers
  - 3.1.1.2. Rising focus on industrial automation
- 3.1.2. Market Challenges
  - 3.1.2.1. Unavailability of essential resources
  - 3.1.2.2. Dearth of skilled professionals
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing technological revolution in the industry
  - 3.1.3.2. Developments of the emerging economies

Chapter 4. Global Augmented Reality & Virtual Reality In Manufacturing Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Augmented Reality & Virtual Reality In Manufacturing Market, by Component

6.1. Market Snapshot
6.2. Global Augmented Reality & Virtual Reality In Manufacturing Market by Component, Performance - Potential Analysis
6.3. Global Augmented Reality & Virtual Reality In Manufacturing Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. Augmented Reality & Virtual Reality In Manufacturing Market, Sub Segment Analysis
- 6.4.1. Hardware
- 6.4.2. Software
- 6.4.3. Services

Chapter 7. Global Augmented Reality & Virtual Reality In Manufacturing Market, by Device

7.1. Market Snapshot
7.2. Global Augmented Reality & Virtual Reality In Manufacturing Market by Device, Performance - Potential Analysis
7.3. Global Augmented Reality & Virtual Reality In Manufacturing Market Estimates & Forecasts by Device 2019-2029 (USD Billion)
7.4. Augmented Reality & Virtual Reality In Manufacturing Market, Sub Segment Analysis
- 7.4.1. Head-Mounted Display
- 7.4.2. Head-up Display
- 7.4.3. Handheld Devices

Chapter 8. Global Augmented Reality & Virtual Reality In Manufacturing Market, by Application

8.1. Market Snapshot
8.2. Global Augmented Reality & Virtual Reality In Manufacturing Market by Application, Performance - Potential Analysis
8.3. Global Augmented Reality & Virtual Reality In Manufacturing Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Augmented Reality & Virtual Reality In Manufacturing Market, Sub Segment Analysis
- 8.4.1. Product Design & Development
- 8.4.2. Safety & Training
- 8.4.3. Maintenance & Repair

Chapter 9. Global Augmented Reality & Virtual Reality In Manufacturing Market, Regional Analysis

9.1. Augmented Reality & Virtual Reality In Manufacturing Market, Regional Market Snapshot
9.2. North America Augmented Reality & Virtual Reality In Manufacturing Market
- 9.2.1. U.S. Augmented Reality & Virtual Reality In Manufacturing Market
  - 9.2.1.1. Component breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Device breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Augmented Reality & Virtual Reality In Manufacturing Market
9.3. Europe Augmented Reality & Virtual Reality In Manufacturing Market Snapshot
- 9.3.1. U.K. Augmented Reality & Virtual Reality In Manufacturing Market
- 9.3.2. Germany Augmented Reality & Virtual Reality In Manufacturing Market
- 9.3.3. France Augmented Reality & Virtual Reality In Manufacturing Market
- 9.3.4. Spain Augmented Reality & Virtual Reality In Manufacturing Market
- 9.3.5. Italy Augmented Reality & Virtual Reality In Manufacturing Market
- 9.3.6. Rest of Europe Augmented Reality & Virtual Reality In Manufacturing Market
9.4. Asia-Pacific Augmented Reality & Virtual Reality In Manufacturing Market Snapshot
- 9.4.1. China Augmented Reality & Virtual Reality In Manufacturing Market
- 9.4.2. India Augmented Reality & Virtual Reality In Manufacturing Market
- 9.4.3. Japan Augmented Reality & Virtual Reality In Manufacturing Market
- 9.4.4. Australia Augmented Reality & Virtual Reality In Manufacturing Market
- 9.4.5. South Korea Augmented Reality & Virtual Reality In Manufacturing Market
- 9.4.6. Rest of Asia Pacific Augmented Reality & Virtual Reality In Manufacturing Market
9.5. Latin America Augmented Reality & Virtual Reality In Manufacturing Market Snapshot
- 9.5.1. Brazil Augmented Reality & Virtual Reality In Manufacturing Market
- 9.5.2. Mexico Augmented Reality & Virtual Reality In Manufacturing Market
- 9.5.3. Rest of Latin America Augmented Reality & Virtual Reality In Manufacturing Market
9.6. Rest of The World Augmented Reality & Virtual Reality In Manufacturing Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Microsoft Corporation
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Google LLC
- 10.2.3. Samsung Group
- 10.2.4. Vuzix Corporation
- 10.2.5. SkillReal
- 10.2.6. Ediiie
- 10.2.7. EON Realty, Inc.
- 10.2.8. Kaon Interactive Inc.
- 10.2.9. Worldviz, Inc.
- 10.2.10. ESI Group

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Augmented Reality & Virtual Reality In Manufacturing Market, report scope
TABLE 2. Global Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by Component 2019-2029 (USD Billion)
TABLE 4. Global Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by Device 2019-2029 (USD Billion)
TABLE 5. Global Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Augmented Reality & Virtual Reality In Manufacturing Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Augmented Reality & Virtual Reality In Manufacturing Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Augmented Reality & Virtual Reality In Manufacturing Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Augmented Reality & Virtual Reality In Manufacturing Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Augmented Reality & Virtual Reality In Manufacturing Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Augmented Reality & Virtual Reality In Manufacturing Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Augmented Reality & Virtual Reality In Manufacturing Market
TABLE 71. List of primary sources, used in the study of global Augmented Reality & Virtual Reality In Manufacturing Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Augmented Reality & Virtual Reality In Manufacturing Market, research methodology
FIG 2. Global Augmented Reality & Virtual Reality In Manufacturing Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Augmented Reality & Virtual Reality In Manufacturing Market, key trends 2021
FIG 5. Global Augmented Reality & Virtual Reality In Manufacturing Market, growth prospects 2022-2029
FIG 6. Global Augmented Reality & Virtual Reality In Manufacturing Market, porters 5 force model
FIG 7. Global Augmented Reality & Virtual Reality In Manufacturing Market, pest analysis
FIG 8. Global Augmented Reality & Virtual Reality In Manufacturing Market, value chain analysis
FIG 9. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Augmented Reality & Virtual Reality In Manufacturing Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Augmented Reality & Virtual Reality In Manufacturing Market, regional snapshot 2019 & 2029
FIG 15. North America Augmented Reality & Virtual Reality In Manufacturing Market 2019 & 2029 (USD Billion)
FIG 16. Europe Augmented Reality & Virtual Reality In Manufacturing Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Augmented Reality & Virtual Reality In Manufacturing Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Augmented Reality & Virtual Reality In Manufacturing Market 2019 & 2029 (USD Billion)
FIG 19. Global Augmented Reality & Virtual Reality In Manufacturing Market, company Market share analysis (2021)