Press release
Aviation Augmented & Virtual Reality Market Size, Share, Analysis, Top Industry Players and Forecast 2031
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The use of augmented and virtual reality for training in the aviation industry provides vast possibilities for increasing the effectiveness of the process while dramatically reducing costs in comparison with traditional means. Both military and civil aviation heavily depend on training practical skills. The crew should be familiar with the multiple controls of their aircraft so that all movements are almost automatic, and meanwhile, all members of the crew should be able to act in an emergency.
Factors Affecting Market Growth
The rise in the delivery of aircraft as a part of fleet modernization programs drives the aviation augmented and virtual reality market.
Factors such as the surge in the adoption of Augmented Reality (AR) and Virtual Reality (VR) based solutions for training and marketing purposes and an increase in the production and deliveries of commercial aircraft are driving the growth of this global market.
The people using virtual reality have faced eye strain, headaches, and, in some cases, nausea. Thus, health concerns restrain the growth of the aviation AR and VR market.
COVID-19 Pandemic Effect on Market Growth
The COVID-19 impact on the aviation augmented and virtual reality market is unpredictable and is expected to remain in force for a few years. The COVID-19 outbreak forced governments across the globe to implement stringent lockdowns. As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production and sales suffered severely which negatively affected the aviation augmented and virtual reality market in 2020.
Governments across the globe implemented strict lockdowns and made social distancing mandatory to prevent the spread of the COVID-19 virus. Consequently, several organizations began work-from-home programs as a precautionary measure. This led to a sudden decline in global demand for traveling, which has affected the market. However, various aircraft operators have started using Augmented Reality (AR) and Virtual Reality (VR) solutions in in-flight entertainment systems for enhanced consumer experience and improved passenger experience which is driving the market for aviation augmented and virtual reality market.
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Regional Analysis
North America is expected to be the largest market for the global AR and VR market in aviation during the forecast period. The presence of major AR VR players in the US has resulted in major collaborations and partnerships between aviation companies and AR VR manufacturers in North America. North America has the highest aircraft fleet and airports in the world. Therefore, driving the demand for the integration of AR-VR technology.
Leading Competitors
The major leading competitors in the global aviation augmented & virtual reality market is:
PTC Inc
Fountx
Future Visual
Elbit Systems Ltd
HoneyWell International Inc.
Sony
IBM Corporation
Sita
Bohemia Interactive Simulations
Oculus VR
Skylights Aero
Magic Leap Inc
Microsoft Corporation
Google Inc.
Eon Reality
Aero Glass
Upskill
Others
Segmentation Analysis
The global aviation augmented & virtual reality market segmentation focuses on technology, type, component, end-use, function, and region.
Segmentation Analysis Based on Technology
Immersive
Non-Immersive
Marker Based
Non-Marker Based
Segmentation Analysis Based on Type
Virtual Reality
Augmented Reality
Segmentation Analysis Based on Component
Software and Solutions
Hardware
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Segmentation Analysis Based on End-Use
Military
Civil
Segmentation Analysis Based on Function
Operation
Training
Segmentation Analysis Based on Region
North America
U.S.
Canada
Mexico
Europe
o Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia-Pacific
China
India
Japan, South Korea
ASEAN
Rest of Asia-Pacific
Middle East & Africa (MEA)
Brazil
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Aviation Augmented & Virtual Reality Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Aviation Augmented & Virtual Reality market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Aviation Augmented & Virtual Reality Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Aviation Augmented & Virtual Reality market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Aviation Augmented & Virtual Reality market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Aviation Augmented & Virtual Reality market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Aviation Augmented & Virtual Reality market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Aviation Augmented & Virtual Reality business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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