Military Augmented Reality (AR) Headgear Market Size, Share, Growth, And Industry Analysis, By Type (Head-Mounted Displays, Monitor-Based, Video See-Through HMD), By Application (Military Simulation and Trauma Treatment), Regional Insights, and Forecast From 2024 To 2031

Military Augmented Reality (AR) Headgear Market Report Overview

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The global military augmented reality (AR) headgear market size was USD 2290.6 million in 2022 and is expected to reach USD 4211.21 million by 2031, exhibiting a CAGR of 7.0% during the forecast period.

A military aviation AR headset simulates aircraft controls and other parts of the aerial environment. Several advances in military flight AR headgear are projected to boost this segment's growth throughout the forecast period.

COVID-19 Impact: Market Witness Decent Growth Owing to the Rise in Technology

The COVID-19 pandemic has been unprecedented and staggering, with the Military Augmented Reality (AR) Headgear Market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has severely impacted the global corporate sector. Many countries have enacted draconian lockdowns, severely limiting how firms can conduct business and, in many circumstances, forcing operations to halt. COVID-19 has had a favorable impact on expanding the military augmented reality headgear market share as demand for the technology rises across industries like media and entertainment, education, healthcare, and retail. Furthermore, the usage of augmented reality technology has been one of the leading trends in the beauty and fashion industries. It aids brands with experience marketing, immersive storytelling, and so on. AR became a valuable resource with most stores shuttered due to COVID-19-induced lockdowns.

Latest Trends

"Combining AR for Dismounted Soldiers with Virtual Elements Was a Notable Development"

Researchers at the U.S. Army Research Laboratory-Orlando's Simulation and Training Technology Center were working on combining AR for dismounted soldiers with virtual elements such as targets, ballistics, and people and mapping them onto a real field of vision. Military AR headgear advancements in North America are projected to boost market expansion in the region throughout the forecast period.

Military Augmented Reality (AR) Headgear Market Segmentation

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• By Type Analysis

The market can be segmented according to type: Head-Mounted Displays, Monitor-Based, and Video See-Through HMD.

• By Application Analysis

The market can be divided into Military Simulation and Trauma Treatment based on application.

Driving Factors

"Introduction Smart Contact Lenses to Propel Market Growth"

An important element fueling the growth of the military augmented reality headgear market is the introduction of smart contact lenses. Contact lenses have grown in popularity due to their applications in vision correction technology and biomedical sensing to monitor physiological parameters in the body. They are progressively gaining traction in the field of AR platform displays. This technology is likely due to people using AR headsets becoming dizzy and disoriented. The new smart contact lens is expected to avoid these negative effects and continue to provide a more pleasant experience. The development of contact lens-based AR is still in its early stages, and it faces some important potential hurdles, such as the form of human eyes.

"COTS-based Architecture to Amplify Market Growth"

Factors such as the expense of aircraft fuel, the cost of obtaining training ammunition, and the depreciation and depletion of military platforms during training exert pressure on overall defense expenditures. This has forced defense ministries worldwide to rely on various sorts of simulation and virtual training equipment. The global military AR headgear market has been highly supported by COTS-based architecture, which provides plug-and-play functionality. Because the development cost of bespoke equipment is higher than the cost associated with COTS systems, COTS components are extensively integrated into AR products.

Restraining Factors

"Battery Draining Issues To Restrict Market Growth"

One of the major obstacles impeding the military augmented reality headgear market growth is battery issues with AR headgear. The reliability of an AR headgear's battery is critical to its operation. Battery life and capacity have been serious difficulties for all AR headgear utilized for commercial or military applications. Dismounted soldiers, in particular, rely heavily on the battery life of military AR headgear because they frequently lack access to electricity. The lack of a good battery forces soldiers to carry extra power packs, which adds to their burden and improves their chances of avoiding AR equipment.

Military Augmented Reality (AR) Headgear Market Regional Insights

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"Asia Pacific to Contribute to Revenue Share Owing to Increased Use of AI Applications"

Asia-Pacific is expected to contribute the highest revenue share throughout the forecast period. The demand for the augmented reality market has expanded dramatically as individuals adopt sophisticated technologies and use numerous augmented reality integrated applications on a daily basis. Because of advancements in the 5G network and infrastructure, China will likely hold a sizable market share in this area. Furthermore, India will likely see significant growth due to government initiatives and financing to construct 5G infrastructure. Furthermore, the AR industry is predicted to rise in popularity due to increased demand from healthcare, education, and e-commerce industries.

Key Industry Players

"Market Players to Capitalize on Opportunities to Recover Post-Pandemic Effect"

The military augmented reality (AR) headgear market is fragmented. Vendors compete by using organic and inorganic growth tactics. Market vendors should focus more on growth prospects in fast-growing segments while preserving their positions in slow-growing segments to capitalize on opportunities and recover from the post-pandemic effect.

LIST OF TOP MILITARY AUGMENTED REALITY (AR) HEADGEAR COMPANIES

• Elbit Systems (Israel)
• Rockwell Collins (U.S.)
• Thales Group (India)
• Facebook (U.S.)
• Google (U.S.)
• Microsoft (U.S.)

Report Coverage

The report's devoted part presents a military augmented reality (AR) headgear of the impact of COVID-19 and its succeeding variant outbreaks on demand, supply, price, vendor uptake, and recommendations for long-term outcomes. The updated study contains insights, analyses, projections, and predictions for the military augmented reality (AR) headgear, considering the COVID-19 impact. The research profiles a report with extensive studies describing the firms in the market affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.