Augmented Reality and Virtual Reality (AR/VR) in Aviation Market Analysis, Growth, Trend, Size, Share, at a CAGR 5% -2025

 

Market Forecast

Augmented Reality and Virtual Reality (AR/VR) in Aviation Market is projected to be valued at USD 1,364.2 Million by 2025, registering a CAGR of over 60% from 2019 to 2025.

Market growth can be attributed to the demand for enhanced passenger experience and the need for effective training solutions both for flight and ground crew. Furthermore, aviation companies are focused on improving efficiency and reducing costs and are, therefore, adopting advanced technologies such as AR/VR.

Market USP

Technological advancements such as 3D aircraft inspection and maintenance and mixed reality (MR) MRO

Growth Opportunities in the Market

  • Dominance of augmented reality in the market: The augmented reality segment accounted for the larger market share in 2018 and is expected to remain dominant during the forecast period. The segment accounted for over 55% of the global market share. The use of AR technology in head-mounted displays and head-up displays is expected to drive the growth of the segment during the forecast period.
  • Head-up displays segment expected to lead the market: The head-up display segment was the largest in 2018 valued at approximately USD 572.9 million. The integration of head-up displays in aircraft would enable pilots to access flight information such as navigation, energy management, and other critical flight data, thereby driving market growth.
  • Hardware segment to dominate the market: The hardware segment led the market in 2018 with a value of approximately USD 900.3 million. Technological advancements in electronic components such as microchips and processors enable the development of electronics that are compact and cost-effective.
  • Onboard AR/VR technology expected to drive the application segment: The demand for an enhanced passenger experience has led airlines to offer VR-based in-flight entertainment. For instance, in 2018, Alaska Airlines was the first carrier in the US to offer VR entertainment.
  • Civil aviation to witness widespread adoption of AR/VR technology: Large-scale investments by governments and aviation authorities in the development of aviation infrastructure and expansion of aircraft fleets are expected to drive the adoption of AR/VR in civil aviation. Furthermore, an increase in air passenger traffic across regions is expected to positively impact market growth.

Key Players

  • Microsoft Corporation (US)
  • Google Inc. (US)
  • EON Reality (US)
  • Aero Glass (US)
  • Upskill (US)
  • Sita (Switzerland)
  • HTC (Taiwan)
  • Bohemia Interactive Simulations (US)
  • Oculus VR (US)
  • Skylights Aero (US)
  • Magic Leap Inc. (US)
  • PTC Inc. (US)
  • Future Visual (UK)
  • Jasoren (US)
  • Atheer Inc. (US)
  • Elbit Systems Ltd (Israel)
  • HoneyWell International Inc. (US)
  • Sony (Japan)
  • IBM Corporation (US)

 

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/ar-vr-aviation-market-8565

 

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more