Synergy Of Industrial Automation And Augmented/Virtual Reality In Manufacturing Emerges as a Core Driver of the Augmented And Virtual Reality in Manufacturing Market in 2025

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How Large Will the Augmented And Virtual Reality in Manufacturing Market Size By 2025?
The market value of virtual and augmented reality in manufacturing has seen a significant increase in recent years. Its growth projection indicates a jump from $13.14 billion in 2024 to $17.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 29.8%. This historic growth trajectory is due to a surge in demand for enhanced hardware and software technologies, increased digitalization in the manufacturing sector, a rising number of AR VR applications for manufacturing plant enhancements, and personnel training. An increased demand for AR VR devices for simulation applications among manufacturers and the growing influence of the Fourth Industrial Revolution also contribute.

How Big Is the Augmented And Virtual Reality in Manufacturing Market Size Expected to Grow by 2029?
The market size of augmented and virtual reality in manufacturing is predicted to achieve remarkable growth in the coming years, estimated to reach $45.61 billion in 2029 with a compound annual growth rate (CAGR) of 27.9%. Factors attributing to the growth during the forecast period include increasing usage of smartphones, the prevalence of compatible electronic gadgets like headsets, rising government initiatives, streamlined repair procedures, and better quality management. Key trends observed during the forecast period are the rising uptake of smartphones, the availability of compatible electronic items such as headsets, increasing government programs, the simplification of repair processes, and enhanced quality management.

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Which Key Market Drivers Powering Augmented And Virtual Reality in Manufacturing Market Expansion and Growth?
The augmentation and virtual reality sector within manufacturing is predicted to expand due to the rise in industrial automation. Industrial automation employs control systems, equipment and technological innovations to streamline industrial operations, often within manufacturing and production settings. Its increasing popularity is driven by economic, technical, and market changes that force manufacturers to adopt automation as a strategic necessity for maintaining operational efficiency, competitiveness, and sustainability in an evolving business environment. Augmented and virtual reality superimpose real-time performance data over physical machinery, giving operators key insights into robot performance, production figures, and maintenance timelines. This facilitates informed decision-making and fine-tuning of manufacturing procedures. For instance, data from the International Federation of Robotics, a non-profit organization from Germany, revealed in September 2023, a total of 553,052 industrial robot installations across global factories, marking a growth of 5% from 2022. In terms of regional distribution, 73% of all the new robot deployments were observed in Asia, followed by 15% in Europe and 10% in the Americas. Hence, the surge in industrial automation fuels the growth of augmented and virtual reality in the manufacturing sector.

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Which Fast-Growing Trends Are Poised to Disrupt the Augmented And Virtual Reality in Manufacturing Market?
Leading businesses in the augmented and virtual reality in manufacturing market are evolving with the creation of technologically advanced smart glasses like the Z100, providing clients with enhanced capabilities. The Z100 smart glasses serve as wearable computer devices, offering a hands-free user experience by presenting digital information superimposed on their field of view via a clear display. For example, in January 2024, Vuzix Corporation, an American tech company, introduced the Z100 smart glasses, aiming to provide an uninterrupted link between employees and AI optimization tools. The Z100 smart glasses' remarkable features boost the professional use of AR glasses by providing workers with a user-friendly wearable gadget which closely mimics conventional eyewear. These glasses, with their impressive 48-hour battery life, incorporate industry-leading heads-up waveguide technology into an attractive, lightweight structure, weighing a mere 35 grams, comparable to the weight of regular glasses. Leveraging sophisticated monocular waveguide optics and Vuzix's custom microdisplay engine, the glasses generate a clear and sharp monochrome image, showing essential data directly in front of the wearer's eyes from their Android or iOS device without the use of hands. The glasses give users immediate entry to vital task specifics, from language interpretation, closed captioning, navigation, health monitoring, messaging, workflow updates, to anything more they might need.

What Are the Emerging Segments in the Augmented And Virtual Reality in Manufacturing Market?
The augmented and virtual reality in manufacturingmarket covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Augmented Reality, Virtual Reality
3) By Device Type: Head-Mounted Display, Head-Up Display, Handheld Devices
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
5) By Application: Product Design And Development, Safety And Training, Maintenance And Repair

Subsegments:
1) By Hardware: AR/VR Headsets, Sensors, Cameras, Display Units, Processors, Wearables (Smart Glasses, Haptic Gloves)
2) By Software: AR Or VR Development Tools, Simulation Software, 3D Visualization Software, Data Analytics And Management Software, Application Software For Specific Use Cases (Training, Design)
3) By Services: Integration Services, Consulting Services, Support And Maintenance Services, Training And Education Services

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Who Are the Global Leaders in the Augmented And Virtual Reality in Manufacturing Market?
Major companies operating in the augmented and virtual reality in manufacturing market are Apple Inc., Google LLC, Panasonic Holdings Corporation, Samsung Group, Microsoft Corporation, Sony Group Corporation, Novac Technology Solutions, Intel Corporation, Lenovo Group Limited, Continental AG, Xiaomi Corporation, Seiko Epson Corporation, HTC Corporation, PTC Inc., Magic Leap Inc., ESI Group, WayRay AG, EON Realty Inc., Ultraleap, SoluLab Inc., Kaon Interactive Inc., Vuzix Corporation, Blippar Group Limited, Scope AR, SkillReal, Atheer Inc., Worldviz Inc.

Which are the Top Profitable Regional Markets for the Augmented And Virtual Reality in Manufacturing Industry?
North America was the largest region in the augmented and virtual reality in manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the augmented and virtual reality in manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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