Virtual Reality (VR) in Oil and Gas – Strategic Intelligence

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Virtual Reality (VR) in Oil and Gas Strategic Report Overview

VR primarily has applications around training in offshore and onshore terrains as well as across the oil and gas value chain, i.e. from rigs, pipelines, and refineries. Industry leaders, such as Shell and ExxonMobil, use VR simulations to train their employees in critical oil and gas operations. This provides a highly safe and cost-efficient approach to introducing personnel to a new facility.

In addition, digital twins’ adoption in oil and gas operations has grown significantly as companies strive to optimize asset performance and minimize unplanned outages. VR technology will be necessary to visualize the assets in real time for timely operational decisions. This will further increase the scope of VR solutions in the oil and gas industry.

The ‘Virtual Reality (VR) in Oil and Gas’ strategic intelligence report gives you an in-depth insight into how the VR theme can impact the oil and gas industry. It further entails a deep-dive analysis of the industry including the VR value chain as well as market values for the current and forecast period. The report gives an insight into the market players and the competitive landscape within the theme.

Report Pages 56
Regions Covered Global
Key Trends ·       Technology Trends

·       Macroeconomic Trends

·       Regulatory Trends

·       Industry Trends

Value Chain ·       Semiconductors

·       Components

·       Headsets

·       Platforms

·       Applications and Content

Technology Companies ·       DPVR

·       HTC

·       Lenovo

Oil and Gas Companies ·       BP

·       Chevron

·       China National Petroleum Co

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VR in Oil and Gas – Key Trends

The main trends shaping the VR in oil and gas theme over the next 12 to 24 months are classified into technology, macroeconomic, regulatory, and industry trends.

  • Technology trends: The key technology trends impacting VR in the oil and gas theme are the application of VR software, artificial intelligence (AI), cloud, 5G, metaverse, and the future of work. The shift from VR to mixed reality is another technology trend shaping the market.
  • Macroeconomic trends: Enterprise adoption, education, and the search for a killer app are among the points to be considered for macroeconomic trends.
  • Regulatory trends: Data privacy and legal challenges are impacting the theme.
  • Industry trends: Immersive training programs, digitalization, and the visualization of subsurface topography are among the industry trends impacting the theme.

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VR Value Chain Analysis

The VR value chain can be split into five segments that are semiconductors, components, headsets, platforms, and applications and content.

Semiconductors: Semiconductors can be further divided into central processing units, graphics processing units, vision processing units, image processors, communication chips, micro-electromechanical systems, and memory chips. VR requires dedicated silicon. Several chipmakers are investing in developing VR-specific chipsets, which will enhance the standalone capabilities of devices and make them more versatile.

VR Value Chain Analysis

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VR in Oil and Gas – Competitive Landscape

The key companies that will make their mark within the VR in oil and gas theme are as follows:

 Technology Companies: A few of the technology companies associated with the VR theme are DPVR, HTC, and Lenovo, among others.

 Oil and Gas Companies: A few of the oil and gas companies adopting VR within their operations are BP, Chevron, and China National Petroleum Co, among others.

 Key Companies in VR Theme

 Key Companies in VR Theme

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Integrated Oil and Gas Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • Our valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
  • Our risk screen ranks companies within a particular sector based on overall investment risk.

Integrated Oil and Gas Sector Scorecard – Thematic Screen

Integrated Oil and Gas Sector Scorecard – Thematic ScreenBuy the Full Report to Know More about the Sector Scorecards in the Oil and Gas Theme
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Scope

  • This report presents an overview of the adoption of virtual reality (VR) in the oil and gas industry.
  • It analyses the VR value chain and how the VR theme is impacting the oil and gas business.
  • The report provides an overview of the competitive positions held by oil and gas companies, and technology vendors in the VR theme.
  • It also provides some VR case studies in the oil and gas industry.

Reasons to Buy

  • Evaluate the virtual reality (VR) value chain and evaluate its scope for various applications.
  • Impact analysis of VR in the oil and gas industry.
  • Review of some of the case studies highlighting the VR in the oil and gas industry.
  • Identify and benchmark key oil and gas companies using VR in their operation.
  • Identify and benchmark key VR technology providers in the oil and gas industry.

Table of Contents

  • 1. Executive Summary
  • 2. Players
  • 3. Technology Briefing
  • 4. Trends

    • 4.1. Technology trends
    • 4.2. Macroeconomic trends
    • 4.3. Regulatory trends
    • 4.4. Industry trends

  • 5. Industry Analysis

    • 5.1. Market size and growth forecasts
    • 5.2. Timeline

  • 6. Impact on the Oil and Gas Industry

    • 6.1. Case studies

  • 7. Signals

    • 7.1. M&A trends
    • 7.2. Company filing trends
    • 7.3. Patent trends

  • 8. Value Chain

    • 8.1. Semiconductors
    • 8.2. Components
    • 8.3. Headsets
    • 8.4. Platforms
    • 8.5. Apps and content

  • 9. Companies

    • 9.1. Technology companies
    • 9.2. Oil and gas companies

  • 10. Sector Scorecard

    • 10.1. Integrated oil and gas sector scorecard

  • 11. Glossary
  • 12. Further Reading
  • 13. Our Thematic Research Methodology
  • 14. About GlobalData
  • 15. Contact Us

Frequently asked questions

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