Manufacturers Shaping the Future of Augmented Reality

The global AR market is expected to exceed $95 billion USD by 2023.

The first global functional requirements guidelines document created to introduce and rollout augmented reality (AR) on the manufacturing floor was released this month by the Augmented Reality for Enterprise Alliance (AREA) and UI LABS.

The global AR market is expected to exceed $95 billion USD by 2023, according to a recent Credence Research report. Big Market Research reports that the global augmented reality and virtual reality gear market will grow at a compound annual growth rate of 37.45% between 2017–2021.

“Augmented reality has immense potential to transform manufacturing, and early adopters are seeing impressive productivity and quality improvements,” said Thomas McDermott, executive director of DMDII. “However, wide adoption of this technology requires collaboration among the industrial companies operating on the front lines and the AR providers designing solutions to ensure the technology under development meets the needs of industry.”

Augmented reality superimposes computer-generated content on a user’s view of the real world, using glasses, headsets or tablets to provide a composite view. Unlike virtual reality, which creates a totally artificial…