Military Augmented Reality Market Size, Development Strategy, Key Players Analysis, Emerging Technologies, Future Prospects, Regional Trends and Opportunity Assessment Till 2025
Military Augmented Reality , Military Augmented Reality Market, Military Augmented Reality Industry, Military Augmented Reality Sector, Market Report, Industry Analysis, The Insight Partners
The Insight Partners.com added “Military Augmented Reality (Dismounted Soldier Application) Market to 2025 – Global Analysis and Forecasts by Components (Lens, Display, Camera, Sensors, Memory & Processors/Controllers, and Others); Product Type (HMD, HUD, Smart Glasses, and Goggles); & Functions (Night Vision, Situation Awareness, Navigation, and Asset Management) “report to their offering.
The military augmented reality systems market for dismounted soldiers application is estimated to grow at a CAGR of 17.4% during the forecast period from 2018 to 2025 estimated to reach US$ 1,795.5 Mn by 2025
Augmented Reality application in military is rapidly spreading in all three areas- ground, naval as well as military aircrafts, with rising demand of complex battlefields technology in order to enhance safety and effectiveness of war militants. Forward-looking soldier programs have been under research and development for years, experiencing various alterations over that time frame, with theories often utilizing augmented reality technologies delivered through different HMD devices. Initially, technologies such as night vision and navigation were the most essential technologies, however, significant increase in demand for enhanced situational awareness and rising need for hands free navigation in battlefield, thereby driving AR adoption in military. The AR market in military is further flourish in future due to the rising investments in augmented reality for combat operations.
Some of the important players
- BAE Systems
- Applied Research Associates, Inc.
- Google LLC
- Osterhout Design Group
- Six15 Technologies
In our study, we have segmented the military augmented reality market for dismounted soldiers application by components, product types and functions. The various components of military augmented reality includes lens, display, cameras, sensors, memory & processors/controllers and others. On basis of product types, the market for military augmented reality is segmented as helmet mounted display (HMD), heads-up display (HUD), smart glasses, and goggles. The functions of military augmented reality considered in the research study includes night vision, situational awareness, navigation and asset management. Geographically, the market for military augmented reality is categorized into five strategic regions namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM)
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Major Highlights of Military Augmented Reality Market report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global military augmented reality market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global military augmented reality market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin military interest with respect to client products, segmentation, pricing and distribution
The global military augmented reality market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for military augmented reality consists of well-established players across the globe, which invests huge amounts in order to deliver the most advanced technology to the military departments. Some of the major software companies is strengthening augmented reality market grip in military application. The augmented reality is expected to replace various tools and devices currently used by the forces, resulting in reduction in weight of equipment mounted on soldiers. The new technology facilitates the soldiers by mapping their location and identifying friend or foe location. Hence, the increased demand for situational awareness, is a prominent driving factor bolstering the growth of augmented reality among the defense forces in a combat operation
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North America in military augmented reality market is the most dominating region across the globe. North America includes countries namely; the United States, Canada and Mexico. The region shared the largest market share in 2017 and is anticipated to surge over the forecast period to generate a significant market share by the end of 2025. The region is also anticipated to exhibit maximum growth rate during the forecast period from 2018 to 2025. The dominance over the market and the prime growth rate is attributed to the significant investments from the United States Department of Defense, in order to innovate and develop robust situational awareness systems for the dismounted troops on the battlefield. In addition, Canada and Mexico are the prime customers of advanced technologies of the United States, which procures enhanced system to modernize and strengthen their armed forces, air forces and naval forces. This factor is also acting as a catalyzing factor for the military augmented reality in the North American region during the forecast period. Moreover, technological giants such as Honeywell International Inc., Google LLC are investing huge amounts and time in innovation, designing, developing, and testing of battlefield augmented reality. Furthermore, various other players such as Six15 Technologies, Applied Research Associates Inc., and Osterhout Design Group also engaging themselves in manufacturing of technologically enriched augmented reality for the military troops on the battlefield in order to enhance their situational awareness and to offer the opportunity to navigate hands-free.
Segmentations Covered in the Military Augmented Reality Market:
Overview: Global Military Augmented Reality Market – By Type, By Material, By Region, By Application
Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Complete Report is Available at https://bit.ly/2Kq7LLm
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Posted by
Rajat Sahni
on Tuesday May 15 2018, 8:16 AM EST.
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