XR(eXtended Reality) is already there

 

It is no exaggeration that XR is one of the most promising technologies of the future. The current global XR market is estimated to be worth 30.7 billion US dollars and is expected to reach 296 billion dollars by 2024(Source: Statista).
There was a time when some experts said XR would hardly overcome “the chasm.” However, at least in the industry field, XR technology is making significant changes.

 

 

 

Traning is one of the areas that XR is profoundly engaging in. Since the real-time feedback capabilities of VR and AR are suitable for job training, XR-based training solutions are widely used by manufacturers around the globe. “Ventilator Challenge UK” consortium, in which manufacturers from various backgrounds produced more than 15,000 ventilators within 12 weeks using PTC’s XR solution, was one successful application example of AR technology.

 

 

Nowadays, XR is expanding its business area to the overall product life cycle, or PLC. From product design and development to quality control, XR is dropping costs and improving efficiency.

 

At a factory level, XR is acting as a bridge between the real-world and digital twin. As a leading company in the intelligent factory solution, Simens continuously expands its XR product mix since it released its VR client in 2018.

 

Still, XR has a few hurdles to overcome to become a mainstream technology. The cost of a device is still as high as a computer, and there are only a few experts on it. However, the more players make their inroad into the XR industry, the more affordable XR will be, and at least in the industry field, it is already gaining credit.

 

Hebronstar Strategy Consultants
Park, Jun Hyung / Business Analyst