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Beyond Reality: Exploring the Transformative Impact of Industrial XR

Publisher Frost & Sullivan
Published Sep 21, 2023
SKU # MC18194886

Description

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

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

Strategic Imperatives
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™
Growth Opportunity Analysis
Scope of Analysis
Definitions
Growth Metrics and Estimated Market Potential by Region and by Product
XR Use Cases in Industrial Applications
Level of Adoption across Industrial Business Segments
Future Growth Potential of XR Application by Industry Vertical
Growth Drivers & Restraints
Growth Drivers Analysis
Growth Restraints Analysis
Offerings from the Technology Giants
What are the technology giants offering?
Leading XR Offerings in the Industrial Market
Leading XR Offerings in the Industrial Market
Leaders in Industrial XR Offerings
Growth Opportunity Universe
Growth Opportunity 1: Human-Robot Interaction
Growth Opportunity 2: Collaborative XR
Growth Opportunity 3: XR-driven Training
Growth Opportunity 4: Next-gen Industrial Maintenance Systems
List of Exhibits
Legal Disclaimer

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