Return to site

UAV Propulsion System Market Size, Segmentation, Share, Forecast, Analysis, Industry - 2025

 

MarketForecast 

The GlobalAugmented Reality and Virtual Reality (AR/VR) in Aviation Market isprojected to be valued at USD 1,364.2 Million by 2025,registering a CAGR of over 60% from 2019to 2025. Market growth can be attributed to the demand forenhanced passenger experience and the need for effective training solutionsboth 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 advancementssuch as 3D aircraft inspection and maintenance and mixed reality (MR) MRO 

  • Growth Opportunities inthe 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   
All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly