Augmented Reality (AR) in Mining – Thematic Research

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Published: March 30, 2022 Report Code: GDMIN-TR-S016-TH

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The global Augmented Reality (AR) market was worth $7 billion in 2020. The market is expected to grow at a CAGR of more than 36% during the forecast period.  AR is a technology that allows the user to see the real world overlaid with digital data. The main benefit of AR is that users are not shut off from the real world while accessing a digital overlay of content and data. This can assist the mining sector in reaching the next stage of digitalization, increasing productivity, and ensuring the health and safety of on-site workers. Adopting AR can help overcome key challenges in the mining sector pertaining to rising pressure on productivity, an aging workforce, and a growing focus on the industry’s environmental, social, and governance (ESG) impacts. Alongside AR-based software and platforms, mining companies can also benefit from deploying AR devices, such as smart glasses and headsets.

AR market in mining industry overview

AR in mining industry overview

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What are the value chains of AR market in the mining industry?

The value chains of AR market in the mining industry are semiconductors, components, devices, platforms, and apps and content.

Semiconductors

Semiconductors are one of the key battlegrounds in AR today. Chipmakers are now striving to improve their existing capabilities to suit the evolving requirements of AR, mostly around screen resolution, frame rates, processing speed, and connectivity.

Components

Much of the major action in AR components is around 3D sensors, cameras, audio, displays, and batteries. These components come together for positional tracking, motion tracking, gesture recognition, and machine vision.

Devices

AR-enabling hardware comes in various forms, including smartphones, eyewear, and AR headsets. For consumer AR applications, smartphones are the most used platform, while enterprises typically prefer AR headsets and AR smart glasses, which offer a broader range of functions.

Platforms

Building an AR ecosystem by incorporating both hardware and software is essential for the long-term success of any company in the AR market. The five prerequisites for a successful AR ecosystem are Application programming interfaces (APIs) and SDKs, AR engines – games, AR engines – enterprise, AI, and application delivery networks (ADNs) and content delivery networks (CDNs).

Apps & Content

Content is a major area of concern for AR companies. Enterprises are an increasingly important area of focus for AR companies. Media houses and ecommerce companies have been early adopters of AR, while the technology is also used by healthcare, engineering, and military organizations. Microsoft, PTC, Deloitte, McKinsey, and Accenture are investing in AR development platforms to support firms through the AR implementation process.

Which are the key mining companies associated with the AR theme?

The key mining companies associated with the AR theme are Anglo American, BHP, Boliden, Newmont, and Rio Tinto.

Anglo American: AR is used in employee training, with Anglo American using a range of AR apps to improve worker competency and safety. They want to make mining safer, smarter, and more sustainable through its trade marked FutureSmart Mining initiative.

BHP: BHP sees the technological advancement of the mining industry as key to securing its goals of safety and productivity. They continued AR innovation during the COVID-19 pandemic as well.

Boliden: Boliden is part of the Swedish Mining Innovation program that uses AR to support on-site mine workers from remote experts through remote operation systems. They continue to develop their use of AR technology with AR-based training, AR digital twins of mine-sites, and the use of AR headsets and smart glasses.

Rio Tinto: During COVID-19, Rio Tinto continued to introduce AR capabilities. The company also provides AR and VR-based training for its staff and works with specialist vendor Virtual Method for other AR-based wearables.

What are the specialist AR market vendors in the mining industry?

The specialist AR market vendors in the mining market are Dassault Systèmes, Fuzzy Logic Studio, Micromine, PTC, and Robotic Eyes.

Market Report Scope

Market size (2020) $7 billion
CAGR >36%
Forecast period 2020-2030
Value chains Semiconductors, Components, Devices, Platforms, and Apps and Content
Key mining companies Anglo American, BHP, Boliden, Newmont, and Rio Tinto
Specialist AR market vendors Dassault Systèmes, Fuzzy Logic Studio, Micromine, PTC, and Robotic Eyes

Reasons to Buy

  • Position yourself for success by understanding the ways in which AR can help to solve the major challenges for the mining industry, such as health and safety, productivity, ESG, communication, digitalization, and COVID-19.

  • Identify the leading and specialist vendors of AR technologies for the mining industry. Discover what each vendor offers, and who some of their existing clients are.

  • Quickly identify attractive investment targets in the mining industry by understanding which companies are most likely to be winners in the future based on our thematic scorecard.

  • Gain a competitive advantage in the mining industry over your competitors by understanding the potential of AR technologies in the future.

3D Systems
6D.ai
8th Wall
AAC Technologies
ABB
Accuvein
Adlens
Adobe
Aeriel AI
Affectiva
AI.Reverie
Akamai
Algorithmia
Alibaba
Alphabet
Alteryx
Amazon
Ambarella
AMD
Analog Devices
Anglo American
Apple
Applied Materials
AR.js
ARGear
Arm
Arreverie
ARShow
ARToolkit
Arvizio
Aryzon
Asus
AT&T
Atheer
Augment
Autodesk
Avegant
AVEVA
Ayasadi
BAE Systems
Baidu
Bandai Namco
Barrick Gold
BBK Electronics
BHP
BigML
Blu Wireless
Blue Frog Robotics
Boeing
Boliden
Bosch
Boston Dynamics
Brain Power
Broadcom
BYD
Byju
ByteDance
Cadence
Camerai
CareAR
Carl Zeiss
Caspar.ai
Catchoom
Caterpillar
CBAK Energy Technology
Chukong Technologies
Cirrus Logic
Cisco
Clarifai
Cloudwalk
Cobalt Robotics
Cognex
CognitiveScale
Comcast
Converse
Daqri
Dassault Systèmes
Data Robot
De Beers
DeepAR
Dev Clever Holdings
DHL
DigiLens
Diligent Robotics
Dispelix
Dolby Labs
dotData
Dynapack
eBay
Ecovacs
Elbit Systems
ElliQ
EON Reality
Epic Games
Ericsson
EssilorLuxottica
EVRAZ
Exxaro
Eyelights
F5 Networks
Facewatch
Fastly
Festo
Fit Analytics
Flybits
Freeport-McMoRan
Fuzzy Logic Studio
Goertek
Gravity Jack
Groove Jones
Groq
GSMArena
H20.ai
Hexagon
Himax
Hindalco Industries
Holo Surgical
Honeywell
Huawei
Hugging Face
Hyperconnect
IBM
IC Helmet
iFlytek
Ikea
ImagineOptix
INDE
Inditex
Infineon
Inspire Brands
Intel
Intellectsoft
Iristick
iRobot
Jam City
Jarvish
JBKnowledge
JD.com
JFE Steel
John Lewis
Jorjin
jsDelivr
Kapanu
Kasisto
Kinicho
Kioxia
KNIME
KnuEdge
Leica
Lemnis
Lenovo
LetinAR
LG Chem
LG Innotek
LivePerson
LLVision
Lockheed Martin
L'Oréal
Lumus
Magic Leap
Magnitogorsk
Mantis Vision
Match Group
MathWorks
Matterport
Maxst
mCloud
MediaTek
Mega1
Megvii
Meta
Micromine
Micron
Microsoft
Microvision
Mimi
Miso Robotics
Mojo Vision
Nanya Tech
Neato Robotics
NetEase
Netflix
Neurala
Newcrest Mining
Newmont
Nexon
Next Games
NexTech AR
Niantic
Nikkei Asia
Nintendo
Nippon Steel
Noordwest Hospital Group
NORCAT
North
Northrop Grumman
nReal
NuEyes
Nvidia
NXP Semiconductors
Occipital
OliveX
Olympus
Omnivision
OnSemi
Oppo
Oracle
Orca Health
Orica
Osram
Panasonic
Percepti Labs
PlayCanvas
PMD
PTC
Qorvo
Qualcomm
RapidMinder
RealWear
RE'FLEKT
Renesas
Resolution Games
Rio Tinto
Robotic Eyes
Robotiq
Rockwell Automation
Rokid
Romios Gold Resources
Saagara
Samsung Electronics
Samsung SDI
SAS
Schlumbgerer
ScopeAR
Seiko Epson
Semusi
Sennheiser
Sensata
SenseTime
SentiAR
Sephora
Severstal
Shaanxi Coal Industry
Sherp.ai
Shopify
Siemens
Sight Power
Sighthound
Sixense
SK Hynix
Skyworks
Snaappy
Snap
Softbank
Sony
SoundHound
Spaces
SparkCognition
Square Enix
StackPath
STMicroelectronics
Surgalign Holdings
Synopsys
Target
Tata Steel
TDK
TeamViewer
Teck Resources
Tencent
Teradyne
Texas Instruments
The Fleet Office
The Gores Group
The Home Depot
ThirdEye
Threedy.ai
Toshiba
Touch Surgery
Tsinghua Unigroup
TSMC
Ubimax
Ubiquity6
UltraLeap
Unity
Universal Display
Universal Ventures
Upskill
USound
Vale
Vale
Varjo
Veative Labs
Vendanta
Vertebrae
ViacomCBS
ViewAR
Vipaar
Virtual Method
Viscopic
Visionstar
Visometry
Visual Live 3D
VividQ
Vivo
Vuzix
Walmart
Walt Disney
Wave Computing
WaveOptics
WayRay
Whodat
Wikitude
Wolfram
Xerox
Xiaomi
Xloong
Xrhealth
Xzimg
Yangtze Memory
Zapworks
Zoom

Table of Contents

Executive Summary

Augmented Reality Value Chain

Mining Challenges

The Impact of Augmented Reality on Mining

Case Studies

Data Analysis

Companies

Sector Scorecard

Glossary

Further Reading

Our Thematic Research Methodology

About GlobalData

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