Military Augmented Reality Market forecast to 2027 insights shared in detailed report- BAE Systems, Applied Research Associates Inc., Google LLC, Osterhout Design Group, Six15 Technologies

The defense sector in developed nations as well as in developing nations are increasingly focusing on soldier modernization programs, owing to rapid increase in terrorist’s activities and civil unrest activities across the globe. The defense organizations in developed countries such as the US, the UK and Russia among others are heavily investing on research and development of robust technologies for soldiers. On the other hand, the defense forces with low defense budgets as compared to US, UK and Russia such as Mexico, , India, South Korea, Australia, United Arab Emirates, and Brazil among others are investing substantial amounts in procurement of advanced technologies in order to strengthen and modernize their armed forces. The modernization programs include, body armor, head protection, augmented reality systems, weaponries, armaments among others. The increasing soldier modernization programs across the globe is leading the military augmented reality market to propel over the years.

The military augmented reality systems market for dismounted soldiers application is expected to grow from US$ US$ 511.8 Mn in 2017 to US$ 1797.5 Mn by 2025 at a CAGR of 17.4% between 2017 and 2025.

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The major players operating in the field of military augmented reality across the globe include Google LLC (United States), SIX15 Technologies (United States), Applied Research Associates Inc. (United States), Osterhout Design Group (United States) and BAE Systems (United Kingdom). Many other companies are investing in military augmented reality market owing to the potential improvements related to accuracy, and operational efficiency.

Among the different product types of augmented reality systems used in military, the most widely used product is the helmet mounted display. The product is best suitable for augmented reality in the defense sector. These helmet mounted displays are widely used by the defense aircraft pilots in order to understand the battlefield situation from a remote location, resulting in enhanced situational awareness. Currently, the technology is being implemented to the soldiers on the ground for the same purpose i.e. increase situational awareness. In addition, the information provided on the helmet mounted display is highly secured as this information is hidden from others, unlike to the traditional systems. Moreover, the helmet mounted displays facilitate in hands free navigation, mitigating the pain of carrying extra GPS locator, or night vision goggles among others, resulting in easy maneuverability of the military personnel.

The global military augmented reality market has been segmented on basis of four different parameters such as components, product types, functions and geography. Based on components, the market for military augmented reality is segmented as lens, display, cameras, sensors, memory & processor/controllers and others. The product type segment include helmet mounted display (HMD), heads-up display (HUD), smart glasses and goggles. The military augmented reality market is categorized on basis of functions as night vision, situational awareness, navigation and asset management. The market is further analyzed by categorizing the market on basis of five strategic regions across the globe as North America, Europe, Asia Pacific, Middle East and Africa, and South America.

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Posted by on Friday September 20 2019, 5:16 PM EST. All trademarks acknowledged. Filed under Business & Financial Services, Featured Press Release, Software & Services, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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