According to The Insight Partners 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.
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.
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The 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.
Some of the major players operating in the military augmented reality market is profiled on basis of five strategic regions across the globe. The players include BAE Systems (United Kingdom), Six15 Technologies (United States), Osterhout Design Group (United States), Applied Research Associates Inc. (United States) and Google LLC (United States). Many established companies as well as emerging companies in the field of military augmented reality are investing in the market owing to the potential improvements related to accuracy and operational efficiency.
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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