The research provides teh performance of this market to gain an insight into its future potentials. It takes the key trends, factors influencing the growth, challenges, and opportunities in consideration to determine the scope of this market in the years to come.
According to the research report, the worldwide military augmented reality headgear market is expected to rise at a CAGR of 11.35% during the period from 2017 and 2021. The increasing requirement for real-time military training, which is less-expensive, is likely to boost this market substantially in the near future. Over the forthcoming years, the advent of augmented reality headgear-enabled games will propel this market forward, states the research report.
In this research study, the global market for military augmented reality has been evaluated on the basis of the application of these headgears and the regional presence of this market. Based on the application, the market has been classified into combat augmented reality headgears, flight augmented reality headgears, and maritime augmented reality headgears. Among the three, he flight augmented reality headgears segment is leading the global market at present and is anticipated to remain doing so over the forthcoming years, thanks to the rising demand for these headgears in the defense sector.
Based on the geography, the worldwide market for military augmented reality headgears has been categorized into Asia Pacific (APAC), Europe, the Middle East, and Africa (EMEA), and the Americas. With the U.S. emerging as the leading revenue contributor to the global market, the Americas market for military augmented reality headgears is anticipated to retain its dominant position over the period of the forecast, reports the market study.
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In conclusion, the report provides a competitive analysis of the business landscape of the military augmented reality headgears by reviewing the profiles of the key players operating in this market. With only a few multinational as well as regional suppliers of heterogeneous products and services, the market demonstrates a concentrated structure. Vendors are competing on the basis of innovative technologies and are focusing on upgrading the current models in terms of consistency and quality.
At the forefront of this market are Applied Research Associates (ARA), Elbit Systems, BAE Systems, Thales Group, and Rockwell Collins. Some of the other prominent players in this market, mentioned in this research study, are Osterhout Design Group, Facebook, Microsoft, Google, and VUZIX.