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US$18 Billion Market for AR in Energy and Utilities as it Augments Worker Safety and Reduces Asset Damage

Energy and utilities rank among the top three verticals in terms of Augmented Reality (AR) glasses shipments and total value chain revenues. AR’s ability to enhance workers’ safety and protect equipment addresses the priority on safety emphasized by the energy and utilities industry. ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologiesestimates the energy and utilities sector will account for 17% of global smart glasses shipments in 2018. Total AR market revenues for the energy and utilities industry are expected to grow to US$18 billion by 2022, with platform and licensing, and smart glasses hardware comprising the majority.

5G, Bluetooth and Wi-Fi key to Value Proposition for Industrial Smart Glasses

In the second iteration of its Industrial Internet Connectivity Tracker, ABI Research, a market-foresight advisory firm providing guidance on the most compelling transformative technologies, forecasts that the manufacturing sector will have an installed base of 25 million connected smart glasses worldwide by 2026 with a CAGR of 95% from 2017-2026.

Citations

Information Age - Smart City Tech to Drive Trillions in Economic Growth

Smart city tech to drive over 5% GDP growth, equating to trillions, over the next decade - reports ABI Research. “Next-generation smart city technologies like AI, blockchain, and closed-loop infrastructure will accelerate future growth by transforming the economy into cognitive, self-governing entities,” said Dominique Bonte, vice president, Markets, ABI Research.

The Washington Examiner - Achieving Trump's goal of the 5G network

 A study released last week by ABI Research and sponsored by my company outlined the potential cost savings to be had: over $5 trillion annually by 2022 can be saved by enterprises, governments and citizens globally through the use of smart city technology.

Upcoming Conferences & Speaking Engagements

Wearable Technologies Conference
Jan. 30, 2018 - Jan. 31, 2018
Munich, Germany
Event Website
Telematics Conference ME&A
March 22, 2018 - March 22, 2018
Dubai, United Arab Emirates
Event Website
Speakers:
Dominique Bonte
Blockchain West Summit and Trade Show
March 26, 2018 - March 28, 2018
San Francisco, California
Event Website
IoT Payments World
March 27, 2018 - March 28, 2018
Brussels, Belgium
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Building the Future: Advanced Manufacturing in the UK
March 28, 2018 - March 28, 2018
London, UK
Event Website
Speakers:
Pierce Owen
AI Expo Global 2018
April 18, 2018 - April 19, 2018
Olympia, London
Event Website
IoT Tech Expo Global
April 18, 2018 - April 19, 2018
Olympia, London
Event Website
Monetising Big Data in Telecoms World Summit 2018
April 23, 2018 - April 24, 2018
Singapore
Event Website
Work 2.0
April 24, 2018 - April 25, 2018
London, UK
Event Website
Telematics Insurance North America: Connected Vehicles Insurance IoT & AI Summit 2018
April 25, 2018 - April 26, 2018
Chicago, Illinois, USA
Event Website
Speakers:
James Hodgson

About ABI Research
ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI’s own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture. For more information about ABI Research’s forecasting, consulting and teardown services, visionaries can contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.