You can be on Entrepreneur’s cover!

Brace For Impact: How Augmented Reality Is Going To Change The Automotive Industry It's no surprise that the automotive industry's enthusiastic adoption of augmented reality (AR) technology in the development of new cars today is a reflection of its continual quest for innovations.

By Oweis Zahran

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock

Over the last few decades, we have seen the automotive industry play a significant role in the growth of an economy and society at large. Thanks to intense rivalry and competition among the manufacturers, as well as the wealth of new security and innovative features offered with the latest car models, this industry keeps offering something new every year.

As such, it's no surprise that the industry's enthusiastic adoption of augmented reality (AR) technology in the development of new cars today is a reflection of its continual quest for innovations. While AR is now expected to become a mainstay across all industries, I am particularly looking forward to this direction of growth in the automotive industry as and when the manufacturers will launch the new car models for consumers.

This is not about the distant future though- in fact, 86% of automotive company representatives think AR strategies will be enhanced and implemented as soon as within a year, while the market for virtual reality (VR) and AR is expected to reach US$209.2 billion by the end of 2022. These are indeed exciting times.

Now, back to an industry very close to my heart, we are seeing that car companies are rapidly embracing AR technologies in their search for a new strategic edge over their competitors. I am certainly looking forward to the most inventive uses of AR in the automotive sector. Here are a few of them:

- Using AR systems, the driver can receive visual information about the environment, traffic conditions, and navigation through the windscreen, all without impairing their ability to drive. These alerts can prevent accidents and make the journey smoother. Safe driving is by far the biggest benefit for one and all.

- Long and complex manuals are replaced by AR tutorials and guidance. The physical instruction manuals that usually come with your new car are cumbersome and often difficult to find the information you need quickly. And let's face it, unless you're in the business, you've probably never opened the manual. With AR, we will be able to identify problems, and be directed on how to solve them, without ever having to flip through an old book.

Related: Stronger Together: Oweis Zahran, Founder And Chairman, OWS Auto

- For individuals who build or service cars, learning is automated with AR headsets. When it comes to the manufacturing or servicing of cars, AR is excellent for speeding up, automating, and improving training operations. Using an AR headset, trainees can quickly examine the inside of a piece of equipment or a vehicle. From a personal point of view, I see this as a major move for my company, OWS Auto, in raising efficiency and increasing productivity.

- Item picking aided by AR may help warehouse employees work more productively. Locating parts within a huge warehouse can be complicated when being done manually, AR can locate your item within seconds. This is another crucial element that will aid in time management and increase efficiencies.

- Since its inception, car sales process has essentially remained unchanged. With the AR technology both customers and manufacturers will be able to experience a more immersive way of buying a new or even used car. I foresee the launch of more digital showrooms that can be accessed in the comfort of your own home thus making the buying decision a lot easier and simpler.

As more major players in the industry turn to it in search of a new competitive edge, it is essential to understand the breadth and depth of possibilities of AR in automobile manufacturing to keep up with rivals. Not only car owners will benefit from this technology, but the entire automotive sector will see a major shift. From streamlining processes, to saving time, money, and human resources, the overall advantage of AR technology will be quite revolutionary for the future of the automotive industry, and it will reshape the way we live and commute.

We recognize that AR is rapidly gaining traction in the automotive sector, with producers like Chrysler, Hyundai, Porsche, BMW, Mercedes, and other businesses already experimenting and launching innovations, technologies, and software in this realm. Personally, I cannot wait to see what they come out with, as it will have a massive impact on our lives for decades to come.

Related: How Women Can Help Drive The Future Of The Automotive Industry

Oweis Zahran

CEO, OWS Auto

As a dynamic entrepreneur in both the automotive industry and in the VC space, Oweis Zahran is a hands-on CEO with expertise in business development, operations, innovation and diversification. Through his strategic foresight, drive and determination, he has built multiple businesses and a strong foundation including his successful multi-million-dollar company OWS Automotive and the ever growing OWS Capital.

As an American, Oweis has been spending his time in the Middle East region since he was a teenager and dabbled early on in the business world. Once he graduated from the University Of Maryland, he moved to the UAE to launch his automotive venture. He has been the force behind launching multiple innovative solutions in the automotive world and as a born leader and visionary, Oweis’s hands-on experience prepared him to seamlessly embrace a leadership role, which helped in the evolution, expansion and success of scaling his business from the MENA region to globally.

From setting up the largest end to end transportation management companies, OWS Automotive, in the UAE and expanding it to seven countries to developing exclusive auto solutions to launching a joint venture with the governments of Abu Dhabi, Dubai, Sharjah and Ajman, Oweis Zahran achieved a lot before he even celebrated his 30 th birthday. Oweis’s ability to build high-performance teams, including his strategically selected executive management staff, has served as a growth catalyst and infused productive energy to his businesses with massive expansion plans being rolled out for OWS Automotive into Saudi Arabia as well as South East Asia including Brunei, Philippines and Malaysia. In 2020, OWS Capital was launched with a series of partnerships and verticals that came into being under its umbrella.

One of them is MELT ME, a joint partnership with Hollywood icon Steve Harvey, who are already working alongside government bodies such as Abu Dhabi and Dubai tourism to bring unique IPs to the country. In 2021, one such event under MELT ME was the first annual Steve Harvey Golf Tournament which was a resounding success. Primarily focused on bridging the gap between the Middle East and Western cultures, with a mandate to create synergy between the two regions whilst breaking down barriers and showcasing what each region represents, MELT ME will be redefining the celebrity events landscape in the Middle East region. Under OWS Capital, cutting-edge health and wellness gym brand Platform Health Club was launched in 2022 across the UAE with an aim to deliver unique and personalized quality service. From celebrity trainers to high-tech and top-of-range equipment, the gyms will cater to health-conscious audiences in the country. The vision for 2022 and beyond for OWS Capital is to bring unique experiences and cutting-edge businesses in the fitness and entertainment verticals to the region with ambitious expansion plans already in the works.

Thought Leaders

How To Improve Your Soft Skills and Emotional Intelligence in 7 Easy Steps

Using these simple but effective approaches will help a person in their business, life and relationships.

Women Entrepreneur™

Rayne Founder Sarah Jones On How To Build Solutions That Address Real Market Needs

"Embrace failure as a learning opportunity- because not every idea or decision will lead to success, and that's okay."

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Starting a Business

Startup Spotlight: Here's How UAE-Based Appro Is Simplifying Customer Onboarding For Banks

In its current iteration, the platform is able to help its users find for themselves the right credit cards, home loans, personal loans, as well as car loans.

Business News

Tim Cook Was Reportedly Rejected From Applying For an Apple Card

The card officially launched in the U.S. on August 20, 2019, and features perks such as no late or over-limit fees.

Business Plans

7 Steps To A Winning Business Proposal

Seven essential steps to guarantee you get the contract.