Beyond Reality: Exploring the Transformative Impact of Industrial XR

Beyond Reality: Exploring the Transformative Impact of Industrial XR

The Global Spread of the Industrial Metaverse is Pushing the Boundaries of Innovation Cultures in Cross industry Applications

RELEASE DATE
21-Sep-2023
REGION
Global
Research Code: MH0A-01-00-00-00
SKU: IA_2023_147
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$2,450.00
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Description

This research service examines the transformational potential of extended reality (XR) and analyzes its impact on cross-industry applications, including employee training, assembly-line validations, asset inspection, product design and testing, warehouse optimization, quality control, and research and development (R&D). The restrictions imposed by the COVID-19 pandemic induced some revolutionary changes in manufacturing processes. The use of XR technologies for remote team productivity and customer support increased significantly during the pandemic as a response to the strict lockdowns, increasing awareness about the benefits these technologies can unlock. As global technology giants such as Google, Apple, Meta, and Microsoft continue to work on the Metaverse, investing billions of dollars in spatial computing technologies, the demand for immersive experiences in cross-industry verticals is expected to increase significantly in the coming 3 to 5 years. The study highlights the factors driving and restraining growth in XR applications by industry vertical and identifies the opportunities emerging from this space for industry stakeholders to leverage. The base year is 2022, and the forecast period is 2023 to 2028.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Industrial Extended Reality (XR) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Definitions

Growth Metrics and Estimated Market Potential by Region and by Product

XR Use Cases in Industrial Applications

XR Use Cases in Industrial Applications (continued)

XR Use Cases in Industrial Applications (continued)

Level of Adoption across Industrial Business Segments

Future Growth Potential of XR Application by Industry Vertical

Future Growth Potential of XR Application by Industry Vertical (continued)

Growth Drivers & Restraints

Growth Drivers Analysis

Growth Drivers Analysis (continued)

Growth Restraints Analysis

Growth Restraints Analysis (continued)

What are the technology giants offering?

Leading XR Offerings in the Industrial Market

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leading XR Offerings in the Industrial Market (continued)

Leaders in Industrial XR Offerings

Growth Opportunity 1: Human-Robot Interaction

Growth Opportunity 1: Human-Robot Interaction (continued)

Growth Opportunity 2: Collaborative XR

Growth Opportunity 2: Collaborative XR (continued)

Growth Opportunity 3: XR-driven Training

Growth Opportunity 3: XR-driven Training (continued)

Growth Opportunity 4: Next-gen Industrial Maintenance Systems

Growth Opportunity 4: Next-gen Industrial Maintenance Systems (continued)

List of Exhibits

Legal Disclaimer

This research service examines the transformational potential of extended reality (XR) and analyzes its impact on cross-industry applications, including employee training, assembly-line validations, asset inspection, product design and testing, warehouse optimization, quality control, and research and development (R&D). The restrictions imposed by the COVID-19 pandemic induced some revolutionary changes in manufacturing processes. The use of XR technologies for remote team productivity and customer support increased significantly during the pandemic as a response to the strict lockdowns, increasing awareness about the benefits these technologies can unlock. As global technology giants such as Google, Apple, Meta, and Microsoft continue to work on the Metaverse, investing billions of dollars in spatial computing technologies, the demand for immersive experiences in cross-industry verticals is expected to increase significantly in the coming 3 to 5 years. The study highlights the factors driving and restraining growth in XR applications by industry vertical and identifies the opportunities emerging from this space for industry stakeholders to leverage. The base year is 2022, and the forecast period is 2023 to 2028.
More Information
Author Marina Salaber
Industries Industrial Automation
No Index No
Is Prebook No
Keyword 1 Xr In Manufacturing
Keyword 2 Immersive Technology In Industry
Keyword 3 Xr Simulation In Businesses
Podcast No
WIP Number MH0A-01-00-00-00