Augmented and Virtual Reality (AR VR) Market

Upskill (US) and Google Inc. (US) are leading players in the Augmented and Virtual Reality (AR VR) Market in Aviation

The augmented and virtual reality market in aviation is projected to grow from USD 78 million in 2019 to USD 1,372 million by 2025, at a CAGR of 61.2% during the forecast period. The major factors driving the market include increased efficiency and cost savings, reduced chances of human error, and improved passenger experience.

Some of the major players in the augmented and virtual reality market in aviation include Microsoft Corporation (US), Google Inc. (US), Eon Reality (US), Aero Glass (US), Upskill (US), Oculus VR (US), Jasoren (US), IMB (US), Fountx (Australia), and Sony (Japan), among others. These players have adopted growth strategies such as partnerships, contracts, expansion, funding, collaborations, product launch, mergers, and acquisitions to expand their presence in the global further augmented and virtual reality market in aviation. Contract was the leading strategy adopted by the major players from 2017 to 2019.

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Upskill (US) is an augmented reality provider that specializes in wearable technology. The company caters to a range of industrial sectors such as automotive, consumer goods, industrial equipment, logistics, retail, and aerospace, among others. Upskill’s product, Skylight, has proven effective in improving the performance of operations and cut production time significantly. The company has received substantial funding, and has worked with major aviation OEMs such as Boeing (US) and GE Aviation (US).
Another major player in the augmented and virtual reality market in aviation is Microsoft Corporation (US). Microsoft is a leading developer of software systems for personal computers. The company has a broad product portfolio for its computing systems, and provides its mixed reality product, HoloLens, for the AR VR market in aviation. The company has proven its capabilities by working with companies such as Airbus (France), Lockheed Martin (US), NASA (US), and Japan Airlines (Japan), among others.

Google Inc. (US) is another major player for AR VR market in aviation. The company provides its google glass that has been used by major aviation companies such as GE aviation for AR applications. Oculus VR (US) and SkyLights Aero (US) are key players in the AR VR market in aviation.

Related Reports:

Augmented and Virtual Reality (AR VR) Market in Aviation by Technology (AR, VR), Function (Training, Operations), Component (Hardware, Software), Application (On-Board, Off-Board), Product, Vertical, and Region - Global Forecast to 2025

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Report Code
AS 7377
RI Published ON
10/4/2019
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