Estonian headquartered Magnetic MRO is getting ready to announce another technological milestone. The company has signed an agreement with Operose OÜ, a local provider for B2B augmented and virtual reality solutions in Estonia, in order to develop a HoloLens application which will result in allowing Magnetic MRO clients to visualize new liveries on an aircraft before proceeding to the painting stage.
AR and VR technology adoption to MRO workshops has increased significantly over the past couple of years; and it is expected to keep growing. On account of this increasing demand and popularity in digitalized MRO services, Magnetic MRO has been building its reputation around various technological advancements and value added services to differentiate itself from other players. After introducing 3D printing into aircraft parts production process, and launching software for 3D visioning of aircraft interiors, the company is moving forward to new market trends to adopt them into its organizational workflow. In a recent forecast, Digi-Capital states that AR revenue will hit $120 billion by 2020 as more businesses realise the potential benefits of such technologies. Another forecast by the analyst firm IDC predicts that AR headsets will make nearly $50 billion in revenue by 2021. Within these 5 years, worldwide AR and VR headset market is expected to grow at a compound annual rate of 58%. Risto Mäeots, CEO of Magnetic MRO states that for Magnetic MRO, it is only an organic step to be involved into latest trends shaping the future of MRO business, as the whole company structure is based on technological infrastructure and visionary mindset.
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AviTrader Publications Corp.
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Richmond, BC V6X 3M1
Canada