Published Date : Aug 28, 2017
ALBANY, New York, August 28, 2017 - MarketResearchReports.biz has announced the addition of a new report, titled “Global Military Augmented Reality (AR) Headgear Market 2017-2021, to its offering. The report on the global military augmented reality (AR) headgear market offer in-depth insights into the key drivers and restraints, prominent adoption trends, recent technological advancements, factors driving the major segments, lucrative avenues, and competitive dynamics. The study offers elaborate assessments of the developmental status of major technologies, share and size of various application segments, and revenue size of key regional markets. Furthermore, it takes a closer look at the vendor landscape in major regions such as the Americas, the APAC (Asia Pacific), and Europe, the Middle East and Africa (EMEA).
The constant demand for augmented reality battlefield technologies by the militaries world over has led to new procurements of AR headgear in various regions. Combined with this, recent advancements in hardware and software used are expected to open up abundant opportunities for market players. The global market for augmented reality headgear market is projected to rise at 11.35% CAGR from 2017 to 2021.
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The need for reducing the expenses incurred by government in real-time military training and the demand for AR reality systems to enable soldiers to gain a simulated experience of the situational awareness on the battlefield are the key factors driving the market. In recent years, the intensifying demand for improving the tactical AR for foot soldiers is a key factor boosting the market. Recent advancements in sensor technologies and software platforms used in AR headgears have catalyzed the market. Furthermore, a surge of investments by the research defense organizations in several developed nations, coupled with sustained development of augmented-reality programs, are expected to accentuate the global AR headgear market.
The development of portable, lightweight, and inexpensive AR headsets is predicted to boost the commercial adoption of AR headgears in various regions. However, some concerns with the battery used in AR headgears is likely to hinder their adoption to an extent. Nevertheless, the advent of AR headgear-enabled military games and their applications in team coordination, weapon firing, and in designing immersive training modules is a definitive trend anticipated to boost the market in the coming years. The emergence of gaming technologies in the AR headgears is also stimulated in their efficacy in evaluating the soldiers' physical skills.
The market is essentially in the prototype phase and vendors are actively offering innovative technologies to gain a competitive edge over others. Several players are focusing on developing differentiated products to consolidate their shares of the global market.
Prominent vendors in the AR headgear market include Thales Group, Rockwell Collins, Google, Elbit Systems, Facebook, BAE Systems, and Microsoft.
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