Global Industrial Augmented Reality

Global Industrial Augmented Reality Market Research Report: Forecast (2021-2026)

By Component (Hardware, Software), By Display (Heads-Up Display, Heads-Down Display), By AR Apps (Marker-Based AR Apps, Location-Based AR Apps, Slam Based AR Apps), By Application (Product Design & De Read more

  • ICT & Electronics
  • May 2021
  • 211
  • IT55033

Market Overview

Augmented reality is an interactive experience that involves integrating digital information with the real-time user environment to produce an illusion of the improved version of the actual world by using sensory modalities, including visual, sound, and other sensory stimuli.

According to the MarkNtel Advisors’ research report, “Global Industrial Augmented Reality Market Analysis, 2021,” the market is likely to grow at a CAGR of around 45% during 2021-26 due to factors like the surging demand for reducing workflow complexity & enhancing work optimization entwined with the growing need for a technology to track, identify, and resolve technical issues. In addition to this, augmented reality is beneficial in assembling, retrofitting, repairing production lines and manufacturing processes.

Report Coverage Details
Study Period   Historical Data: 2016-20
  Base Year: 2020
  Forecast Period: 2021-26
CAGR (2021-26)   45%
Regions Covered   North America: USA, Canada, Mexico
  Europe: Germany, UK, France, Italy, Spain, Russia
  Asia-Pacific: China, India, Japan, South Korea
  South America: Brazil
  Middle East & Africa: GCC, Africa
Key Companies Profiled Google Inc, PTC Inc, Upskill, Microsoft Corporation, Wikitude GmbH, Moverio, Epson, Lenovo, Daqri, Samsung, BeetSoft Co. Ltd, NEXT/NOW, 4Experience, Quytech
Unit Denominations   USD Million/Billion

Impact of COVID-19

The sudden outbreak of the COVID-19 pandemic has severely affected the overall global economy due to the social distancing norms, travel restrictions, and fewer on-site staff. However, advanced technologies like augmented reality can offer assistance during crises and help businesses maintain their continuity and overcome losses. Further, during the pandemic, a gradual inclination of retail businesses & their customers toward digital shopping has also accelerated the growth of the Industrial Augmented Reality Market across the world.

Market Segmentation

Heads-Up Segment Accounted for the Largest Market Share

Based on the Display, the market bifurcates into Heads-Up Display and Heads-Down Display. The Head-Up Display captured a significant share in the Global Industrial Augmented Reality Market in the previous few years and is likely to maintain its dominance over the forecast period. The segment growth attributes to the rapidly growing automotive industry and surging innovations in driving assistance systems.

The incorporation of augmented reality in automobiles offers features like displaying warning signals, speed, and turning indicators on the windshield. Thus, it helps enhance driver’s safety and reduces road hazards, thereby fueling the segment growth, cites MarkNtel Advisors in their research report, “Global Industrial Augmented Reality Market Analysis, 2021.”

Manufacturing Segment Dominated the Market 

Within the End-User segment, the Global Industrial Augmented Reality Market classifies into E-Commerce & Retail, Industrial Manufacturing, Energy, Education, Automotive, Defense & Aerospace, Healthcare, Construction Industry, Agriculture, and Gaming & Entertainment sectors. Among these, the Industrial Manufacturing sector held the largest market share in the previous few years. Augmented reality in the industrial manufacturing sector ensures efficient operational workflow and quick identification of glitches, thereby helps reduce the process downtime subsequently.

Regional Landscape

North America Attained the Highest Market Share

Geographically, North America acquired the largest share in the Global Industrial Augmented Reality Market in the past few years. The United States accounted for the largest share in the regional market owing to the high adoption and deployment rate of advanced technologies in the country. In addition to this, the abundant availability of leading industrial players in the region is another crucial factor driving the growth of the Industrial Augmented Reality Market in the North American region.

Market Driver

Cost-Effective Benefits of Augmented Reality likely to Boost the Market Growth

Augmented reality offers a cost-effective solution for skill development, as it eliminates the need for a physical environment by imitating real scenarios with the help of technology. For example, utilization of actual aircraft for training pilots is a costlier process. Hence, the use of augmented reality can help reduce the cost of training by providing virtual scenarios. Thus, the demand for augmented reality in industries is significantly increasing with time.

Competitive Landscape

According to MarkNtel Advisors, the leading players in the global Industrial Augmented Reality market include Google Inc, PTC Inc, Upskill, Microsoft Corporation, Wikitude GmbH, Moverio, Epson, Lenovo, Daqri, Samsung, BeetSoft Co. Ltd., 4Experience, and Quytech.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Industrial Augmented Reality Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Industrial Augmented Reality Market ? 
  4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Industrial Augmented Reality Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Industrial Augmented Reality Market study?   

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on Global Industrial Augmented Reality Market
  • Market Size & Analysis
    • Market Revenue
  • Market Share & Analysis
    • By Component
      • Hardware
      • Software
    • By Display
      • Heads-Up Display
      • Heads-Down Display
    •  By AR apps
      • Marker-Based AR Apps
      • Location-Based AR Apps
      • Slam Based AR Apps
    • By Application
      • Product Design & Development
      • Quality Control
      • Maintenance & Support
      • Logistics
      • Others
    • By End User
      • E-Commerce & Retail
      • Industrial Manufacturing
      • Energy
      • Education
      • Automotive
      • Defence & Aerospace
      • Healthcare
      • Construction Industry
      • Agriculture
      • Gaming & Entertainment
      • Others
    • By Region
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Industrial Augmented Reality Market Hotspots & Opportunities
  • Global Industrial Augmented Reality Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Industrial Augmented Reality Market is forecast to grow at a CAGR of 45% during 2021-26.

A. Google Inc, PTC Inc, Upskill, Microsoft Corporation, Wikitude GmbH, Moverio, Epson, Lenovo, Daqri, Samsung, BeetSoft Co. Ltd, NEXT/NOW, 4Experience, Quytech are a few leading players in the Global Industrial Augmented Reality Market.

A. Heads-Up Display is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. North America continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Industrial Augmented Reality Market.

A. The surging demand for reducing workflow complexity and enhancing work & operation optimization are the primary factors driving the growth of the Global Industrial Augmented Reality Market.

A. The outbreak of the COVID-19 pandemic has positively impacted the growth of the Global Industrial Augmented Reality Market owing to the gradual shift of retail businesses and their customers towards digital shopping during the pandemic.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Industrial Augment Reality Market
  5. Global Industrial Augment Reality Market Government Regulations
  6. Global Industrial Augment Reality Market Trends & Insights
  7. Global Industrial Augment Reality Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  8. Global Industrial Augment Reality Market Hotspot & Opportunities
  9. Global Industrial Augment Reality Market Start-up Ecosystem, 2016-2021
    1. Entrepreneurial Activity
    2. Year On Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capital
      4. Others
  10. Global Industrial Augment Reality Market Analysis 2021-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Component
        1. Hardware
        2. Software
      2. By Display
        1. Heads-Up Display
        2. Heads-Down Display
      3.  By AR apps
        1. Marker-Based AR Apps
        2. Location-Based AR Apps
        3. Slam Based AR Apps
      4. By Application
        1. Product Design & Development
        2. Quality Control
        3. Maintenance & Support
        4. Logistics
        5. Others
      5. By End User
        1. E-Commerce & Retail
        2. Industrial Manufacturing
        3. Energy
        4. Education
        5. Automotive
        6. Defence & Aerospace
        7. Healthcare
        8. Construction Industry
        9. Agriculture
        10. Gaming & Entertainment
        11. Others
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
  11. North America Industrial Augment Reality Market Outlook, 2021-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Component
      2. By AR Apps
      3. By Application
      4. By End User
      5. By Country
    3. The US Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    4. Canada Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    5. Mexico Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
  12. South America Industrial Augment Reality Market Outlook, 2021-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Component
      2. By AR Apps
      3. By Application
      4. By End User
      5. By Country
    3. Brazil Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    4. Rest of South America Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
  13. Europe Industrial Augment Reality Market Outlook, 2021-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Component
      2. By AR Apps
      3. By Application
      4. By End User
      5. By Country
    3. UK Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    4. France Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
    5. Germany Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    6. Rest of Europe Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
  14. Middle East & Africa Industrial Augment Reality Market Outlook, 2021-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Component
      2. By AR Apps
      3. By Application
      4. By End User
      5. By Country
    3. GCC Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    4. South Africa Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    5. Rest of Middle East & Africa Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
  15. Asia Pacific Industrial Augment Reality Market Outlook, 2021-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Component
      2. By AR Apps
      3. By Application
      4. By End User
      5. By Country
    3. India Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    4. China Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    5. Japan Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    6. South Korea Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
    7. Rest of Asia Pacific Industrial Augment Reality Market Outlook, 2021-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End User
  16. Global Industrial Augment Reality Market Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Technology Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Technology
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Google Inc
      2. PTC Inc
      3. Upskill
      4. Microsoft Corporation
      5. Wikitude GmbH
      6. Moverio, Epson
      7. Lenovo
      8. Daqri
      9. Samsung
      10.  BeetSoft Co. Ltd
      11. NEXT/NOW
      12. 4Experience
      13. Quytech
  18. Disclaimer
Global Industrial Augmented Reality Market Segmentation