Augmented Reality (VR) and Virtual Reality (VR) in Aviation Market Global Outlook on Key Growth Factors and Industry Analysis by 2028

Augmented Reality (VR) and Virtual Reality (VR) in Aviation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (AR, VR); Component (Hardware, Software); Function (Training, Operations); Application (On-Board, Off-Board); End Use (Civil, Military) and Geography

Augmented reality (VR) and virtual reality (VR) are advanced visual technologies which offers immerse visual experience to the user. The technology was initially developed for entertainment application; however, these technologies now is widely utilized in aviation industry. The AR and VR technology is widely used for controlling weapons, UAVs, UGVs, and for training operations. Moreover, the AR and VR technology is used by commercial aviation for on-board entrainment application.

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Companies Profiled in this report includes: Microsoft, EON Reality, Aero Glass, Upskill, Bohemia Interactive Simulations, Skylights Aero, PTC, Elbit Systems Ltd., JASOREN, Atheer, Inc.

IMPACT OF COVID-19 ON AUGMENTED REALITY (VR) AND VIRTUAL REALITY (VR) IN AVIATION MARKET

The outbreak of COVID-19 has significantly impacted various industries including the aerospace and defence industry. Containment measures were imposed by governments across the globe such as travel restriction and factory shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures affected the air travel, production volume of aircraft as well as MRO operations which subsequently impacted the revenue streams of aircraft manufacturers and MRO service providers. Thus, the decline in revenue streams of aircraft manufacturers and MRO service providers affected the adoption of advanced technologies such as AR and VR in aviation industry.

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MARKET PLAYERS

The reports cover key developments in the augmented reality (VR) and virtual reality (VR) in aviation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from augmented reality (VR) and virtual reality (VR) in aviation market are anticipated to lucrative growth opportunities in the future with the rising demand for augmented reality (VR) and virtual reality (VR) in aviation market. Below mentioned is the list of few companies engaged in the augmented reality (VR) and virtual reality (VR) in aviation market.

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