Fortune Business Insights has released an in-depth market research study titled "Virtual Reality in Manufacturing Industry Report by 2024". This report provides valuable insights and a competitive edge for clients through its extensive analysis of market segments and key drivers.
Key Report Details:
Title: Virtual Reality in Manufacturing Industry Share, Trends & Industry Analysis
Scope: By Component (Hardware, Software, Content), By Application (Product Design and Development, Safety and Training, Maintenance and Repair, Communication & Collaboration), and Regional Forecast from 2019 to 2032.
Get Your Free Sample Report: Download Here
In 2018, the global virtual reality in manufacturing market was valued at USD 0.92 billion. By 2032, it is projected to reach USD 116.25 billion, growing at a compound annual growth rate (CAGR) of 30.9% during the forecast period.
Competitive Landscape: The report evaluates major industry players, including:
Unity Technologies
Microsoft
Sony
HTC Corporation
Samsung
Facebook Technologies, LLC.
EON Reality, Inc.
Magic Leap, Inc.
WorldViz
NextVR Inc.
NVIDIA Corporation
Virtuix
Groove Jones LLC
Market Attributes:
Forecast Period: 2018-2032
2018 Market Value: USD 0.92 billion
2032 Market Projection: USD 116.25 billion
CAGR: 30.9%
Drivers and Restraints:
Drivers:
Enhanced Training and Simulation: VR provides immersive environments for better training and error reduction.
Improved Design and Prototyping: Virtual prototyping accelerates product development and reduces costs.
Increased Efficiency and Productivity: VR streamlines workflows and optimizes production.
Better Collaboration: Facilitates remote teamwork and decision-making.
Advanced Quality Control: Detailed VR simulations improve quality control before physical production.
Restraints:
High Initial Investment: Significant costs for VR hardware and software.
Technical Complexity: Requires specialized expertise for implementation.
Limited Adoption: Slow adoption in some industries.
Data Security Concerns: Risks related to sensitive manufacturing data.
Potential Health Issues: Discomfort from prolonged VR use.
Regional Analysis:
North America: U.S. and Canada
Europe: U.K., Germany, France, Italy, Sweden, Rest of Europe
Asia Pacific: Japan, China, India, Southeast Asia, Rest of Asia Pacific
Middle East & Africa: South Africa, GCC, Rest of Middle East & Africa
Latin America: Brazil, Mexico, Argentina, Rest of Latin America
Table of Contents:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments – Mergers, Acquisitions, and Partnerships
Porter’s Five Forces Analysis
SWOT Analysis
Technological Developments
Value Chain Analysis
TOC Continued…
Request Customization: Ask for Customization
Recent Industry Developments:
EON Reality Inc. introduced the EON World Builder™ beta, allowing users to create and share designs via iOS and Android devices.
HTC and Autodesk are collaborating to enhance design and collaboration through VR with their cloud-based design engine, Forge, and HTC Vive platform.
About Us: Fortune Business Insights delivers a unique blend of qualitative and quantitative market research reports. We help global and local businesses improve operations through detailed market insights and reliable forecasts. Our comprehensive reports offer crucial insights and future trends to clients worldwide.
Contact Us: Email: sales@fortunebusinessinsights.com
Key Questions Addressed:
What is the market size of virtual reality in the manufacturing industry in 2024?
Who are the leading players in this market?
What are the main drivers of growth in the virtual reality manufacturing sector?
What are the future projections for the virtual reality in manufacturing industry?
For more details, access the full report and insights today:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101714