The global AR VR in logistics and supply chain ecosystem was valued at US$ 78.5 Mn in 2018 and is expected to reach US$ XX Mn with a CAGR of 39% during the forecast period.
Dublin, United States – January 9, 2020 /MarketersMedia/ —
Augmented reality’s ability to avoid the wastage of time and errors while searching the location in warehouses has been creating demand for AR VR in logistics and supply chain in recent years. Additionally, the ability of AR VR to save cost and time for training workers is increasing the use of AR in warehouses for wayfinding.
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Moreover, virtual reality is used in warehouses for training workers on safety and emergency in a warehouse environment. This is increasing the demand for VR in warehouses. The German logistics provider DB Schenker, in collaboration with Fraunhofer IML, has announced the use of VR for employee training in order to improve order picking and packaging processes.
Global AR VR in logistics and supply chain ecosystem:
Based on geography, North America dominated the market in 2018 and is expected to show similar trends in the coming years. The growing e-commerce sector in the region is one of the major factors in creating demand for AR VR in logistics and supply chain. As ecommerce companies such as Amazon are increasing their spending on shipping, the demand for AR VR has increased in order to streamline the process and increase the efficiency of work.
The Asia Pacific is the fastest growing region with a CAGR of XX% during the forecast period. Fast growing economies, rising industrial production, increasing purchasing power of consumers are some of the major factors that are driving the growth of the logistics industry in the region. As the logistic industry is growing, the demand for AR VR in logistics and supply chain has been increasing in recent years.
Growing competition among logistics companies is creating demand for on-time delivery to recipients, which in turn, is increasing the use of modern technologies by them for streamlining their processes. Microsoft HoloLens are being increasingly used in warehouses, which provide information regarding the position of items on the pallet. At the same time, it also indicates the right order for picking items.
Head mounted display dominated the product, parts & devices segment and was valued at US$ 45.63 Mn in 2018 and is expected to grow with a CAGR of XX% in the coming years. HMD is used for real-time object recognition, indoor navigation, and barcode reading, which provide seamless integration of information with the warehouse management system. At the same time, hand mounted devices also provide hands- free intuitive digital support to workers during their manual picking operations, which has been driving the demand for HMDs in recent years.
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• Real-time Updation
• Ecosystem Mapping
• Trend Analysis – Impact + Importance + Outlook
• Allied Market Impact
• Do-IT-Yourself Analytics (DIYA)
• Interconnectivity Impact and more
TABLES AND FIGURES
Figure 1: Ecosystem Snapshot: AR VR in logistics and supply chain ecosystem
Figure 2: AR VR in logistics and supply chain Ecosystem: Market Statistics Glimpse
Table 1: AR VR in logistics and supply chain ecosystem: Segmentation
Figure 2: AR VR in logistics and supply chain Ecosystem: Market Statistics Glimpse
Figure 3 –AR VR in logistics and supply chain Ecosystem Major Interconnectivities
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