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Augmented Reality (AR) in Mining – Thematic Research

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.

Key Players

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

Contact Us

Frequently Asked Questions

The global AR market was worth $7 billion in 2020.

 

 

 

The global AR market is expected to grow at a CAGR of more than 36% during the forecast period.

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

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

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

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