AR has potential to disrupt future oil and gas operational functions

AR has potential to disrupt future oil and gas operational functions

While the adoption of augmented reality (AR) in the oil and gas (O&G) industry is in the introductory phase, this evolving technology has the potential to disrupt the traditional operational functions in the sector over the next three to five years, according to leading data and analytics company, GlobalData. Worth nearly $4bn in 2018, the global AR market is expected to reach $76bn by 2030, growing at a compound annual growth rate (CAGR) of 24%, according to GlobalData estimates. Early adopters of the technology have seen use cases within inspection and maintenance, monitoring applications, employee training and on-field worker safety within the O&G industry.GlobalData's latest thematic report, ‘Augmented Reality in Oil and Gas', notes that there are notable improvements in both the