Immersive Innovation: AR & VR Transforming Manufacturing Operations
The global augmented reality & virtual reality in manufacturing market size was valued at USD 8.01 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 28.3% from 2023 to 2030. AR and VR are highly compatible technologies that provide an immersive 360-degree content view in a highly simulative environment and are driven by actionable analytical insights. The market experiences a rise in demand among manufacturers for AR VR devices for simulative applications. Furthermore, the rise in applications of AR VR for manufacturing plant improvisation, and workforce training, among others catalyzes the augmented reality and virtual reality in the manufacturing market growth. Advancements in augmented reality and virtual reality headset technology for capturing images and sound have led to its adoption during the last few years. Further, the availability of various electronic products compatible with AR VR technology,...