Augmented Reality in Supply Chain Market by Offering (Hardware, Services, Software), Application (Aftersales Services, Maintenance & Repair, Training & Learning), End-user - Global Forecast 2024-2030

[199 Pages Report] The Augmented Reality in Supply Chain Market size was estimated at USD 2.21 billion in 2023 and expected to reach USD 2.70 billion in 2024, at a CAGR 22.97% to reach USD 9.42 billion by 2030.

The integration of augmented reality (AR) into supply chain operations represents a transformative advance, enhancing visibility, efficiency, and accuracy across various processes. AR superimposes digital information onto the physical world, thereby enabling warehouse personnel, logistics managers, and field operators to interact with real-time data and virtual objects. The widespread adoption of AR in the supply chain is fueled by several key factors, including the increasing demand for swift and precise logistics services, advancements in AR technology making it more accessible and affordable, and the continuous pursuit of operational excellence within industries. However, data privacy and security concerns, the need for substantial initial investment, and resistance to change from traditional operational frameworks restrain their utility. Market players are establishing robust cybersecurity measures, seeking cost-effective AR solutions with clear ROI projections, and fostering a culture of continuous learning & innovation. Enhanced interactive training programs, more immersive and efficient ways of conducting maintenance and repairs, and deeper integration with the Internet of Things (IoT) and machine learning can diversify AR in the supply chain.

In the Americas, the use of AR in supply chains is notably advanced, focusing on enhancing logistics, warehousing, and inventory management. The production of AR solutions in this region benefits from robust technological infrastructure, significant investments in R&D, and a strong ecosystem of AR developers and startups. Companies in the Americas are rapidly adopting AR for training purposes, maintenance, and to improve operational efficiency, driven by a high demand for reducing errors and optimizing supply chain processes. The APAC region emphasizes the use of AR in manufacturing and warehousing and is also pioneering in integrating AR with e-commerce to enhance online shopping experiences. The region’s companies invest heavily in AR to gain a competitive edge in local and global markets, propelling innovation and development in the AR space. EMEA presents a mixed scenario, with European countries leading in the adoption of AR for complex manufacturing processes aimed at precision and minimizing defects. The use of AR in the EMEA supply chain is also geared towards sustainability and reducing carbon footprints, with companies leveraging AR for better route planning and energy-efficient warehouse management. Stringent regulations, a focus on high-quality standards, and significant government and private investment in technology development support the production and integration of AR technologies in this region. Companies in the EMEA region are increasingly partnering with AR solution providers to improve logistics and customer service and maintain compliance with regulatory standards.

The market dynamics represent an ever-changing landscape of the Augmented Reality in Supply Chain Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Growing need for automated and efficient supply chain processes across end-use industries
  • Increasing investments and initiatives towards Industry 4.0 with digitalization of supply chains
  • Expansion of eCommerce and retail sector
• Market Restraints
  • High cost associated with integration of advanced technological infrastructure
• Market Opportunities
  • Introduction of advanced AR-based hardware and software
  • Potential adoption of AR in supply chain for remote assistance, maintenance, and training
• Market Challenges
  • Concerns associated with security and cyber attacks

• Offering: Increasing incorporation of advanced AR hardware into supply chain management

  The AR hardware used across the supply chain includes devices such as smart glasses, head-mounted displays, and handheld devices that enable workers in the supply chain to access AR applications and improve operational efficiency. These devices have sensors and cameras that collect data and deliver real-time insights into supply chain operations. The software segment of AR in the supply chain market includes AR applications and platforms that enable industries to develop, deploy, and manage AR technology. Software solutions are leveraged by end users across their supply chain to create AR content, manage AR devices, and analyze data from AR-enabled devices. These software solutions are developed to improve supply chain efficiency and streamline operations. Consulting, implementation, and maintenance services are among the major services employed for AR technology. 3D modeling is essential in creating digital representations of physical objects within the supply chain process. AR navigation systems provide visual cues and directions overlaid onto users' fields of view for increased situational awareness during daily operations within warehouses or distribution centers. Augmented reality visualization software allows businesses to leverage digital twins and predictive analytics within supply chain management. Implementing AR solutions for workflow optimization is essential in streamlining operations, reducing errors, and enhancing productivity within the supply chain space. These services are aimed at helping businesses implement and manage AR technology in their supply chain operations.

• Application: Growing adoption of augmented reality for warehouse optimization

  In augmented reality (AR) applications, after sales services have become a significant boon to customer satisfaction and brand loyalty. Through AR-assisted support, businesses can streamline troubleshooting processes, minimize downtime, and reduce service costs. AR technology has revolutionized maintenance and repair tasks by providing visual overlays that assist technicians in identifying potential issues while performing complex tasks. This allows for reduced human error rates while cutting down on time spent on maintenance operations. Transport optimization with AR can help improve route planning, reduce fuel consumption, and increase overall operational efficiency in logistics and supply chain management. AR technology offers significant potential for improving warehouse operations by reducing employee errors, enhancing pick-and-pack processes, and optimizing space utilization.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Augmented Reality in Supply Chain Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Augmented Reality in Supply Chain Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Augmented Reality in Supply Chain Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Displai Aims to Enable Augmented Reality Packaging

  Displai introduced a program designed to elevate consumer-brand interactions through AR-enabled product packaging. This initiative makes it possible for consumers to bring virtual experiences to life by simply scanning product packaging with their smartphones, granting them access to a wealth of product details and exclusive offerings. By utilizing Displai's cutting-edge AR technology, participants in the program benefit from access to its proprietary software, comprehensive training, and support, along with collaborative marketing opportunities. [Published On: April 12, 2023]

• Vuzix Receives Volume Follow-on Smart Glasses Order from Acuraflow to Supply Pharmaceutical Customer

  Vuzix Corporation, a forefront supplier of Smart Glasses and Augmented Reality (AR) technologies, has proudly announced the successful receipt and fulfillment of a substantial follow-on order for its innovative smart glasses from Acuraflow. Acuraflow, known for its pioneering efforts in sustainable management solutions, placed this order with a primary focus on serving a client within the pharmaceutical sector. This development underscores Vuzix’s pivotal role in enhancing operational efficiencies through cutting-edge AR solutions across industry verticals. [Published On: April 12, 2023]

• Iristick Announces EUR 4 Million Capital Increase

  Iristick secured a significant funding boost of EUR 4 million, courtesy of a consortium led by Saffelberg Investments. This strategic financial injection is set to empower Iristick to enrich its focus on delivering comprehensive solutions across crucial sectors, including healthcare, energy, and logistics. The company plans to leverage this new capital to make substantial investments aimed at advancing its technological platform, boosting user engagement, and amplifying its sales and marketing pursuits, with a special focus on expanding its footprint in both Europe and the U.S. markets. [Published On: February 20, 2023]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Augmented Reality in Supply Chain Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The report delves into recent significant developments in the Augmented Reality in Supply Chain Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk AS, Accenture PLC, Amazon.com, Inc., Apple Inc., AT&T Inc., Blippar Ltd., EON Reality, Inc., Extensiv by 3PL Central LLC, Google LLC by Alphabet Inc., Goolton Technology Co., Ltd., Honeywell International Inc., Inter IKEA Systems B.V., International Business Machines Corporation, LogistiVIEW Inc., Magic Leap, Inc., Mazer by XR Wizards sp. z o.o., Microsoft Corporation, Nsflow Sp. z o. o., PTC Inc., Qualcomm Incorporated, SAP SE, Sony Corporation, TeamViewer US, Inc., TechSee Augmented Vision Ltd., Toshiba Corporation, United Parcel Service of America, Inc., Verizon Communications, Vuzix Corporation, and Zebra Technologies Corporation.

This research report categorizes the Augmented Reality in Supply Chain Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Offering
  • Hardware
    • Cameras
    • Displays & Projectors
    • Semiconductor Components
    • Sensors
  • Services
  • Software
    • 3D Modeling
    • AR Remote Collaboration
    • Documentation
    • Navigation
    • Visualization
    • Workflow Optimization
• Application
  • Aftersales Services
  • Maintenance & Repair
  • Training & Learning
  • Transport Optimization
  • Warehouse Optimization
• End-user
  • Aerospace & Defense
  • Automotive
  • Energy & Utility
  • Food & Beverage
  • Pharmaceuticals
  • Retail & Marketing

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?