The Market Reports

Synopsis

Industrial AR platforms are software applications that enable the use of augmented reality (AR) in industrial settings, such as manufacturing, maintenance, training, or inspection. AR is a technology that overlays digital information, such as images, text, or sound, onto the real-world environment, enhancing the user’s perception and interaction with reality. Industrial AR platforms can provide various features and functionalities to facilitate the industrial AR process, such as 3D modeling, object recognition, tracking, annotation, collaboration, and more.

The global Industrial AR Platforms market was valued at US$ 163 million in 2023 and is anticipated to reach US$ 295.3 million by 2030, witnessing a CAGR of 8.4% during the forecast period 2024-2030.

The industry trend of industrial AR platforms is influenced by several factors such as the development of new technologies, the changing preferences of customers and employees, the impact of the COVID-19 pandemic on the industrial sector, and the new guidelines introduced by Apple for app creation. Some of the trends to watch in 2023 are:

The rise of hybrid events - Hybrid events are events that combine both virtual and in-person elements to reach a wider audience and offer more flexibility and convenience. Industrial AR platform manufacturers can use hybrid events to showcase their products and services to potential customers and partners, as well as to educate and engage their existing customers and employees. For example, industrial AR platform manufacturers can use hybrid events to conduct live demonstrations of their products or services to remote attendees, allow real-time interaction between virtual and physical participants through chat or video calls, provide access to on-demand content after the event, etc.

The adoption of artificial intelligence (AI) - AI is a technology that can enhance the performance and functionality of industrial AR platforms by providing personalized recommendations, insights, and assistance to customers and employees. For example, industrial AR platforms can use AI to analyze customer behavior and preferences to suggest relevant products or services, provide smart matchmaking and networking opportunities based on customer profiles, offer chatbots or voice assistants to answer queries or provide guidance, etc.

The importance of data security and privacy - Data security and privacy are becoming more important for industrial AR platform users as they share personal and professional information through the app. Industrial AR platform providers need to ensure that they comply with the data protection regulations and standards in different regions and markets, such as the General Data Protection Regulation (GDPR) in Europe or the California Consumer Privacy Act (CCPA) in the US. They also need to implement measures to prevent data breaches or cyberattacks that could compromise the integrity and confidentiality of the app data.

The innovation of app design and user experience - App design and user experience are key factors that influence the adoption and satisfaction of industrial AR platform users. Industrial AR platform providers need to constantly innovate their app design and user experience to meet the changing expectations and needs of their users. Some of the aspects that they need to consider are:

The compatibility of the app with different devices and operating systems
The accessibility of the app for users with different abilities or preferences
The customization of the app for different types of industrial AR applications or users
The simplicity and intuitiveness of the app navigation and interface
The gamification and interactivity of the app features
The feedback mechanism and support system for the app users
This report aims to provide a comprehensive presentation of the global market for Industrial AR Platforms, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial AR Platforms.

Report Scope

The Industrial AR Platforms market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Industrial AR Platforms market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Industrial AR Platforms companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

• Vuforia
• PTC ThingWorx
• Apprentice
• Atheer
• AugmentedPro
• Augmentir
• DAQRI
• Inscape AR
• PaleBlue
• Proceedix
• Skylight

Segment by Type

• Cloud Based
• Web Based

Segment by Application

• Large Enterprises
• SMEs

Consumption by Region

• North America (United States, Canada)
• Europe (Germany, France, U.K., Italy, Netherlands)
• Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
• Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Industrial AR Platforms companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.