Market Research Report
Augmented Reality (AR) in Mining - Thematic Research
|Augmented Reality (AR) in Mining - Thematic Research|
Published: March 30, 2022
Content info: 49 Pages
Delivery time: 1-2 business days
GlobalData's "Augmented Reality (AR) in Mining - Thematic Research" report provides an overview of the AR value chain, case studies of AR deployments in mining, market size and growth forecasts, specialist AR vendors for mining companies, and analysis of the mining companies leading in AR adoption. It also analyses leading adopters in mining, their key moves in the theme, and their position in our thematic scorecards. It further discuss key challenges in the mining industry, and how AR technologies can help to solve those challenges, including health and safety, productivity and ESG.
Augmented reality (AR) is a technology that allows the user to see the real world overlaid with digital data. Worth $7 billion in 2020, the AR market will generate revenues of $152 billion by 2030, according to GlobalData forecasts. AR technology will be valuable to mining companies in reaching the next stage of digitalization, increasing productivity, and ensuring the health and safety of on-site workers.
In a time of rising pressure on productivity, an aging workforce, and a growing focus on the industry's environmental, social, and governance (ESG) impacts, AR adoption is essential for mining companies. AR has many sector-specific use cases and there is plenty of opportunities to implement AR across the whole mining value chain, from prospecting through to reclamation. Leading companies will use AR to assist with training, safety processes, data visualization, and remote support of workers, to name a few. At the same time, leading mining companies will invest in other technologies (such as cloud computing, 5G, and the Internet of Things (IoT)) that facilitate AR.