AR & VR Technologies: Improving Safety & Productivity in Oil & Gas Industry

Although not as fast as the industries like healthcare, the oil & gas sector is gradually adopting AR (augmented reality) and VR (virtual reality) technologies. According to the global AR & VR in Oil and Gas Market Report 2021, the AR/VR application in the Oil and Gas Market was worth US$ 106.7 million in 2018. It is projected to rise at a compound annual growth rate (CAGR) of 27.4 percent through 2027 to reach around US$ 943.4 million.