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Extended reality solutions in manufacturing
The COVID-19 pandemic has compelled manufacturing organizations worldwide to collaborate seamlessly across geographical boundaries, receive on-demand assistance in their operations, make informed decisions and provide recommendations with contextual information, and prepare them to work with next-generation smart machines in a rapidly changing workspace.
We believe that extended reality (XR) solutions can address these business challenges, as they not only enhance the operational resilience of manufacturers but also make them future-ready. IDC predicts that worldwide spending towards XR will increase to USD 72.8 billion by 2024.
The adoption of XR solutions is steadily increasing across the manufacturing industry value chain, manifested by the business value they deliver, as illustrated below:
Emerging technologies reshaping XR solutions
Through standardization and development simplification, new digital technologies are changing the XR solution space.
These changes lead to reduced development costs, faster time-to-market thanks to industry-specific cloud services and appliances, and smart devices with enhanced features. We believe XR solutions will impact the following areas in the manufacturing industry:
XR and the future of manufacturing
In addition to the applications above, the XR space is witnessing advancements such as web extended reality (WebXR), which delivers the benefits of XR through the browser itself with zero initial investments on devices and portability.
The metaverse is another phenomenon that has attracted the interest of manufacturers. XR is a key element in the industrial metaverse which enables visualization and interaction with it. It offers manufacturers a photo-realistic virtual shopfloor and allows teleporting of geographically separated users to collaborate on optimizing line design, worker safety, ergonomics, and more.
Besides these advancements in technology, standardizing XR applications can help manufacturers provide their customers with cross-platform experiences. One such standardized application is OpenXR, a royalty-free API. It empowers vendors to standardize their hardware to a platform-agnostic software development kit (SDK) and enable XR applications to run on a wide range of hardware platforms without re-writing the code.