“According to a new market research study titled ‘Military Augmented Reality Market to 2025 – Global Analysis and Forecasts by Components, Product Types, and Functions“, the global military augmented reality market was valued at US$ 511.8 Mn in 2017 and is estimated to reach US$ 1,797.5 Mn by 2025. The report highlights the trends prevalent in the global military augmented reality market and the factors driving the market along with those that act as deterrents to its growth.
The global military augmented reality market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. 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.
For More Information Ask For Sample Report @ https://www.theinsightpartners.com/sample/TIPTE100000801/
Company Profiles :
- BAE Systems
- Applied Research Associates, Inc.
- Google LLC
- Osterhout Design Group
- Six15 Technologies
Moreover, the traditional or hand-held GPS systems required location to be geo-registered for identifying the location, which makes the systems slower. The AR technology is much faster as the technology doesn’t require any geo-registration to locate the position of the soldier. This helps the bearer to move from one place to another with ease and hands free.
The growth of military augmented reality market is promising during the forecast period from 2018 to 2025, pertaining significant investments being made to innovate and design robust technologies for soldiers in battlefield. Moreover, continuous technological advancements in the field of augmented reality is anticipated to boost the market for the same in defense sector. The Communications-Electronics Research, Development and Engineering Centre (CERDEC) has recently developed and demonstrated advanced augmented reality for the dismounted soldiers in battlefield.
This advancement in AR technology is expected to boost the wearer’s capability in understanding the surrounding. The product is known as Tactical Augmented Reality (T.A.R.), that incorporates helmet mounted eyepiece, a wirelessly connected computer system worn on the wrist, and a thermal sight on the weapon. The major advantage of Tactical Augmented Reality developed by CERDEC is that it allows the soldier to be hands free of GPS locator, as the technology is integrated into the computer system. Moreover, the single eyepiece offers the soldier with the opportunity to view the real world and simultaneously an overlay broadcast of the battlefield on the eyepiece.
he global military augmented reality market has been segmented on basis of various 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.
Purchase this Premium Report @ https://www.theinsightpartners.com/buy/TIPTE100000801/
Reasons To Buy :
- 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
Contact Person: Sameer Joshi
Email Id: [email protected]
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.