(Aviation-NewsWire.Com, September 22, 2018 ) Significant Rise in Need for Hands-free Navigation on War Field among the Defense Sectors Across the Globe is Fueling the Military Augmented Reality Market.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
1. BAE Systems 2. Applied Research Associates, Inc. 3. Google LLC 4. Osterhout Design Group 5. Six15 Technologies
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.
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.
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
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