About Industrial AR Platforms
Industrial AR platforms are used to improve the business processes of workforces in industrial fields. It helps to improve employees’ productivity, effectiveness, and safety. This platform empowers users to upload their own AR content, typically created with an AR SDK, and should have the ability to store it within the platform as well. It also enables users to scan real-life objects and virtually add tags and other notes to those scans, facilitating improved on-the-job training.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Industrial AR Platforms market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PTC, Inc. (United States), Atheer, Inc. (United States), Robocortex (France), Augmentir, Inc. (United States), DAQRI (United States), Inscape (France), PaleBlue (United States) and Proceedix (Belgium) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial AR Platforms market by and Region.
On the basis of geography, the market of Industrial AR Platforms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Industrial AR Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprises, the sub-segment i.e. Small and Medium Enterprises will boost the Industrial AR Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Subscription (Annual, Monthly, Quarterly) will boost the Industrial AR Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Cloud-based Solutions
Market Growth Drivers:
Increased Applications of Industrial AR Platforms and Improved Productivity and Efffectiveness
Challenges:
Lack of Skilled Professionals
Restraints:
Technological Complexities Associated with the Platform
Opportunities:
Increasing Demand from the End-users and Increasing Awareness about Industrial AR Platforms
Market Leaders and their expansionary development strategies
In August 2021, Ed-tech giant Byju's has acquired augmented reality (AR) startup Whodat for an undisclosed amount. Although full terms of the deal remain unknown, the companies have confirmed that the entire Whodat team and their proprietary computer vision platform have been acquired to accelerate product development in key areas.
In September 2023, Qualcomm Technologies, Inc. announced two new spatial computing platforms Snapdragon XR2 Gen 2 and Snapdragon AR1 Gen 1 that will enable the next generation of mixed reality (MR), virtual reality (VR) devices and smart glasses.
Key Target Audience
Industrial AR Platforms Providers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.