HTC VIVE releases new XR trade report

March 6, 2024 – HTC VIVE has this week launched a report on using prolonged actuality (XR) know-how by U.S. producers throughout 10 totally different industries titled “The State of Prolonged Actuality in Manufacturing.”

In accordance with the corporate, the report was created from a survey of 400 professionals all through the U.S. in varied industries, from automotive and electronics to chemical and vitality merchandise. HTC VIVE said that 75% of respondents who adopted XR noticed a transparent return on their funding, and 63% stated it was a “seamless” expertise or that it required little assist.

The report additionally highlighted that XR know-how reveals explicit promise in worker coaching, with 95% of respondents feeling safer on the job after studying the ropes in an XR-simulated atmosphere. 

In accordance with market knowledge analysis agency Mordor Intelligence the XR market is poised to develop from USD $105.58 billion in 2023 to USD $472.39 billion by 2028. HTC VIVE famous that XR provides a compelling resolution for companies of all sizes looking for to optimize operational processes, enhance effectivity, cut back prices, and mitigate dangers.

HTC VIVE said that half (50%) of producers surveyed for the report have been already leveraging XR know-how to deal with a broad spectrum of challenges throughout design structure and planning, high quality management and inspection, design prototyping, stock administration, meeting processes, and worker coaching. The corporate added that amongst producers that haven’t included XR into their workflows but, 59% plan to take action within the subsequent 5 years, and 74% plan to take action inside a decade, in accordance with the HTC VIVE survey outcomes.

Further key findings from the report embrace: 

• Amongst producers already utilizing XR, 70% have applied it in coaching, reducing the necessity for expensive and probably harmful in-person workout routines;
• XR’s use instances in manufacturing are nonetheless being found; 40% of respondents stated they see future potential in areas equivalent to stock administration and upkeep and restore; 
• Improved coaching is a robust motivator for adoption, however so is improved effectivity; 67% of firms have built-in XR for that reason;

“We’ve seen very wholesome momentum of XR options within the manufacturing and industrial sector. Our newest report reveals that broadscale XR adoption on this trade is a matter of ‘when,’ not ‘if,’” stated Daniel O’Brien, GM of Americas at HTC VIVE. “Not solely is XR an unimaginable software for coaching manufacturing professionals and making them safer, it additionally ends in important time and price reductions. This offers manufacturing companies utilizing XR now or sooner or later a aggressive benefit.”

To be taught extra about using XR within the manufacturing sector, HTC VIVE’s “State of Prolonged Actuality in Manufacturing” report might be downloaded here.

Picture credit score: HTC VIVE