According to Statista,the augmented reality (AR) and virtual reality (VR) sector would grow to become a $75 billion behemoth by 2024.Goldman Sachs forecasts that the sector would have a market size of $95 billion by 2025. For an industry that was worth $6 billion just four years ago (in 2016), these numbers are staggering. However, they accurately represent the meteoric rise of AR and VR on the world stage. Over the past 10 years in particular, the technologies have seen more global business sectors adopt them and build viable use-cases around them. From entertainment to healthcare, education, automotive, retail, aerospace, and maritime. In this post, we bring into focus the budding relationship between the shipping industry and augmented/virtual reality. We highlight some progress made since 2010 and how it bodes well for future growth in both sectors.
Crew training, shipping logistics, remote collaboration, virtual tours, and seafarer safety are just some ways AR and VR can be adopted for the maritime sector. In the coming years, the expectation is that more use-cases will be discovered and the current AR/VR models would have been improved significantly.