Forbes October 18, 2024
Walter Van Uytven is the Independent Director of the Board at Hololight.
Extended reality (XR) technologies, which include virtual reality (VR) and augmented reality (AR), have evolved from niche research tools to essential components of corporate strategies.
In industries such as manufacturing, XR enables real-time visualization of digital twins, allowing engineers to interact with detailed 3D models for design reviews and quality assurance. In healthcare, XR enhances training by providing a safe, immersive environment for medical professionals to practice complex procedures.
These are just a few examples, and the potential is enormous. Market research predicts explosive growth for XR, with ABI Research forecasting an increase from $44.7 billion in 2024 to $299.3 billion in 2030.
While this all seems very...
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