Augmented reality or AR is being implemented in the construction process and many other processes in 2022.
Highlights
- AR is a technology that allows the user to see real-world overlaid with digital data.
- AR has been implemented in the construction process in 2022.
- AR global value will increase dramatically in 2022 and in future.
- Companies like Hyundai E&C, AECOM and others are the leading adopters of AR in construction.
Augmented Reality is a technology which allows people to see the real world overlaid with the help of data stored digitally.
A few years back, AR was a dream for many companies and users but in 2021, technology hit us with AR before anyone realized it will.
In 2021 alone, AR was implemented in many industries and it was no longer just a dream. AR industry growth significantly in 2021 and the growth is rising in 2022 as well.
The valuation estimate for the AR market in 2030 is $150 billion. The valuation of the AR market in 2021 was $9 billion.
AR industry has the potential to be beneficial to the construction industry and it is been implemented in 2022.
It is speculated that AR will be implemented in 65% of the industry in near future.
AR headsets are more popular than ever in 2022. The only drawback of AR headsets is that they are expensive.
Around 61% of the people prefer retainers which have AR implemented in their stores. AR helps people to know whether the product will fit their lifestyle or not or match what they have.
AR has the potential to impact every corner of the market either medicine or automobile and etc.
People of Japan want the offline stores to have AR so that they can experience the product with other products or how it will in their home.
Around $19 billion was spent on AR worldwide in 2020 which is 80% up from 2019. It is speculated that AR will grow at 77% year-on-year basis up to 2024.
Big companies like Dell, Hyundai and many others are investing in the AR in near future or are already invested.
Read more: –Â Augmented Reality (AR) in the Construction Industry, 2022 Thematic Research Report – Market to Grow to $150 Billion by 2030
