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Augmented Reality in Manufacturing Industry Demand and Future Insights to 2027

Press release   •   Apr 11, 2019 10:55 IST

Augmented Reality in Manufacturing Market

Rapid technological advancements in the field of digital technology, augmented reality, and miniature electronics has proliferated the growth of augmented reality in manufacturing market. Higher costs and complexities involved in integration of augmented reality in manufacturing tools for different industry sectors and different clients hinder the adoptions of augmented reality in manufacturing solutions posing challenge to the growth of augmented reality in manufacturing market. The growing usage of Artificial Intelligence, Big Data, and IoT in the manufacturing sector coupled with enhanced focus on manufacturing in the emerging economies provides new opportunities to the players operating in the augmented reality in manufacturing market as well as complement the growth of augmented reality in the manufacturing arena. 

Augmented Reality in Manufacturing Market - Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope of The Augmented Reality in Manufacturing industry. Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

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Growing penetration of the augmented reality in different arena has led to its evolution into the manufacturing sector. Augmented reality technology is expected to be induced in the manufacturing sector in the recent times and used by the industry workers for measuring various changes in the machines, identify unsafe working conditions, and also visualize a finished product or its structure. In the manufacturing sector, digital characters, images, or other content can be presented, and also text, statistics, information etc. can be overlaid. Augmented Reality has emerged as the technology that can solve various key operational; problems witnessed in the manufacturing sector.

Some of the key players influencing the market are Google, Inc., Boeing, Microsoft, Samsung Electronics, and Blippar. Also, Magic Leap, Bosch GmBH, MAXST, Smart Reality, and META are a few other important players in the augmented reality in manufacturing market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global augmented reality in manufacturing market based on component and application. It also provides market size and forecast till 2027 for overall augmented reality in manufacturing market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The augmented reality in manufacturing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region. 

Augmented Reality in Manufacturing Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2017 - 2027, considering 2017 as the base year and 2018 - 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the augmented reality in manufacturing market in these regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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