Augmented and Virtual Reality Market in Aviation - Global Forecast to 2025 - PowerPoint PPT Presentation

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Augmented and Virtual Reality Market in Aviation - Global Forecast to 2025

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The augmented and virtual reality market in aviation is projected to grow from USD 78 million in 2019 to USD 1,372 million by 2025, at a CAGR of 61.2% during the forecast period. – PowerPoint PPT presentation

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Title: Augmented and Virtual Reality Market in Aviation - Global Forecast to 2025


1
According to the new market research report
"Augmented and Virtual Reality (AR VR) Market in
Aviation by Technology (AR, VR), Function
(Training, Operations), Component (Hardware, Soft
ware), Application (On- Board, Off-Board),
Product, Vertical, and Region - Global
Forecast to published
2025", by
MarketsandMarkets, the Augmented and Virtual
Reality (AR VR) Market is expected to reach USD
1,372 million by 2025 from USD 78 million in
2019, registering a CAGR of 61.2 from
2019 to 2025. Improved passenger
experience is a significant growth driver for the
augmented and virtual reality market in
aviation. Reduced chances of human error also
drive this market. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id230427667 By function, the operation
segment is projected to grow at a higher CAGR
during the forecast period. Increasing demand for
air travel around the world has given rise to
aircraft demand and greenfield and brownfield
airport projects. To cater to this growing
demand, manufacturers, airports, airline, and
maintenance, providers must adopt efficiency
measures that improve their operational
efficiency as well as save costs. Thus, the
operation segment for augmented and virtual
reality market in aviation is expected to grow
at the fastest rate during the forecast
period. By component, the software segment is
projected to grow at the highest growth rate
during the forecast period. AR VR hardware
consists of sensors, displays, cameras,
processors controllers, cases, among others.
These are a one time buy from the end-users.
Whereas software used to support the hardware is
continuously updated. The software will have many
more evolutions as the time progresses, and more
features are needed to be integrated within the
hardware. Thus, the software segment for
augmented and virtual reality market in aviation
is expected to grow at the highest rate during
the forecast period. North America is expected
to lead the augmented and virtual reality market
in aviation during the forecast period.
2
North America is estimated to account for the
largest share of the augmented and virtual
reality market in aviation in 2019. The US was
the highest military spender in 2018, with a
large chunk of the investment focused on the
procurement of various military aircraft. These
military aircraft use headsets to enable pilots
to get mission- related flight information
directly to their headset. Browse in-depth TOC on
"AR VR in Aviation Market" 118 Tables 40
Figures 161 Pages Along with this, the demand
for commercial aircraft is continually
increasing, due to which aircraft manufacturers
are expanding their product line, thus creating a
significant demand for efficiency in their
operations. Therefore, this, in turn, is
expected to drive the North American market for
AR VR in aviation. The US also has a presence of
major AR VR players - Microsoft Corporation (US),
Google Inc. (US), Eon Reality (US), Aero Glass
(US), Upskill (US), Oculus VR (US), Jasoren
(US), IMB (US), among others. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id230427667 About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70
to 80 of worldwide companies revenues.
Currently servicing 7500 customers worldwide
including 80 of global Fortune 1000 companies
as clients. Almost 75,000 top officers across
eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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