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Military augmented reality market is estimated to account for US$ 1,797.5 million by the end of 2025 available in new report

Military Market Research

The Military Augmented Reality Market is estimated to account for US$ 1,797.5 Mn by the end of 2025, escalating at a CAGR of 17.4% during the forecast period from 2018 to 2025, from US$ 511.8 Mn in 2017.

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In our study, we have segmented the military augmented reality market by components, product types, and functions. The components segment includes lens, display, camera, sensors, memory & processor/controllers and others.

The augmented reality systems have various functions in military such as navigation, situational awareness, night vision and asset management.

Based on geography, the market for military augmented reality is categorized as North America, Europe, Asia Pacific, Middle East and Africa and South America.

The growth of Military Augmented Reality Market is heavily driven by the significant increase in demand for situational awareness technologies among the defense forces across the globe and the need for hands-free navigation capabilities. The augmented reality systems have numerous advantages in the battlefield, providing the wearer with vital information related to their surroundings, locating positions, and identifying friend or foe among others, thus saving lives.

Attributing to these advantages, the defense forces in the developed countries are investing substantial amounts in procurement of augmented reality along with development of advanced technology in the field. Moreover, the developing countries such as Mexico, India, Japan, Saudi Arabia, UAE and Brazil among others are also financing considerable amounts in procurement of advanced technologies including augmented reality systems for combat operations.

The technological giants and emerging companies in the United States such as Google, Honeywell International Inc., Applied Research Associates Inc., Six15 Technologies, and Osterhout Design Group, among others are investing substantial time and amounts for developing battlefield augmented reality in order to provide the soldiers with enhanced situational awareness and an opportunity to maneuver without carrying any hand-held GPS locator or night vision goggles. The United States Department of Defense works closely with these companies in order to design and manufacture products and technologies as per the requirements of the army, to strengthen the armed forces operating in a battlefield.

Attributing to the above mentioned factors, North American region is anticipated to exhibit prime growth rate over the forecast period from 2018 to 2025.

The market for Military Augmented Reality consists of well-established companies as well as emerging companies namely; BAE Systems (United Kingdom), Google LLC (United States), Applied Research Association Inc. (United States), Osterhout Design Group (United States) and Six15 Technologies (United States).

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What Information does Military Augmented Reality Market report contain?

  • What was the historic Military Augmented Reality Market data from 2018 to 2025?
  • What is the Military Augmented Reality Market industry growth forecast from 2018 to 2025?
  • Which companies lead the Military Augmented Reality Market industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
  • What are the technologies & innovation trends, how will they evolve by 2018 to 2025?
  • Which are the leading market products, applications & regions and how will they perform by 2025?
  • A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants.

List of Tables :

Table 1: Global Military Augmented Reality Market Revenue and Forecasts to 2025 (US$ Mn)

Table 2: North America Military Augmented Reality Market Revenue and Forecasts to 2025 – By Components (US$ Mn)

Table 3: North America Military Augmented Reality Market Revenue and Forecasts to 2025 – By Product Type (US$ Mn)

Table 4: Europe Military Augmented Reality Market Revenue and Forecasts to 2025 – By Components (US$ Mn)

Table 5: Europe Military Augmented Reality Market Revenue and Forecasts to 2025 – By Product Type (US$ Mn)

Table 6: Asia Pacific Military Augmented Reality Market Revenue and Forecasts to 2025 – By Components (US$ Mn)

Table 7: Asia Pacific Military Augmented Reality Market Revenue and Forecasts to 2025 – By Product Type (US$ Mn)

Table 8: Middle East & Africa Military Augmented Reality Market Revenue and Forecasts to 2025 – By Components (US$ Mn)

Table 9: Middle East & Africa Military Augmented Reality Market Revenue and Forecasts to 2025 – By Product Type (US$ Mn)

Table 10: South America Military Augmented Reality Market Revenue and Forecasts to 2025 – By Components (US$ Thousand)

Table 11: South America Military Augmented Reality Market Revenue and Forecasts to 2025 – By Product Type (US$ Thousand)

Table 12: Glossary of Terms, Military Augmented Reality Market

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