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Allied Market Research

Aviation Augmented & Virtual Reality Market by Product Type (Augmented Reality and Virtual Reality), Application (Flight Deck Systems, In-Flight Entertainment, On-Board and Off-Board), Function (Training and Operations), and Component (Display, Controller, Processor, Sensors, Cameras and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09052
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Dec 2020 | 53 Views
 
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Aviation Augmented & Virtual Reality Market Outlook - 2027

The global aviation augmented & virtual reality market is experiencing a significant growth due to demand for better passenger experience. Augmented reality (AR) enables interactive experience with a real-world environment by a computer enhanced alteration to the images of the objects from the real-world to provide a composite view. In addition, AR adds digital elements such as visual, auditory, and haptic feedback. Presently, virtual reality (VR) is an interactive simulated experience allowing user to immerse and interact with a computer generated 3-D world through sound & sight. AR & VR in aviation is used for simulation & training of pilots, ground staff, maintenance crew, and mechanics, among others.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Product Type, Application, Function, Component, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Skylights Aero, Aero Glass, Upskill, Google Inc., Oculus VR, Sony, EON Reality, HTC, Microsoft Corporation, and Fountx

 

COVID-19 scenario analysis: 

Airport operations are on a standstill due to government-imposed lockdown to slow the spread of COVID-19.

Airlines are incurring losses due to expenditure on maintenance & employee retainment without any source of revenue generation caused by the travel bans imposed by authorities globally in the wake of COVID-19.

AR & VR system developers are forced to halt research & development due to lack of workforce caused by the travel restrictions imposed by government to control the COVID-19 outbreak.

Airlines companies are forced to delay the procurement & deployment of AR & VR systems due to disruption of supply chain caused by the COVID-19 pandemic.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Surge in usage of smart technology in aviation, increase in demand for low human intervention system to reduce human error, and rise in adoption of gesture tracking devices are some of the factors that drive the global aviation augmented & virtual reality market. However, high training & system acquisition cost and cybersecurity threats hinder the market growth. On the contrary, heads-up display (HUD) integration with AR & VR, developments in artificial intelligence, and mixed reality present new pathways in the industry.

The global aviation augmented & virtual reality market trends are as follows:

Surge in usage of smart technology in aviation

Airports & airlines are investing in smart technology to improve their operational efficiency to meet the requirements of increasing numbers of air passenger traffic. AR & VR provides cost effective, immersive, and interactive solution for aviation functions such as airline operation, maintenance, airport operation, and aviation training among others. AR & VR enables real-time feedback to trainees during training simulation. Moreover, adoption of 5G is accelerating the integration of VR into in-flight entertainment system for enhanced consumer experience. Such investments in smart technology will drive the global aviation augmented & virtual reality market.

Rise in adoption of gesture tracking devices

Gesture tracking system is used to track & interact with virtual interfaces of AR & VR. Recently, in 2019, Lenovo (technology company based in Quarry Bay, Hong Kong) collaborated with Clair Air (hardware-agnostic software solution company headquartered in California, US) to develop native hand gesture recognition for Lenovo’s ThinkReality A6 AR headset. Native hand gesture recognition allows users to navigate through native & core operating system functions of AR system. ThinkReality A6 AR headset can be interacted with gestures such as grab, swipe, pinch, and flip among others. Lenovo’s A6 is a lightweight, heads-up, and hands-free mobile head worn device designed to deploy simple & complex AR solutions to enterprises. Such developments in gesture tracking system is expected to drive the global aviation augmented & virtual reality market.

Key segments covered:

Segments

Sub-segments

  Product Type

  • Augmented Reality
  • Virtual Reality

  Application

  • Flight Deck Systems
  • In-Flight Entertainment
  • On-Board
  • Off-Board

  Function

  • Training
  • Operations

  Component

  • Display
  • Controller
  • Processor
  • Sensors
  • Cameras
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global augmented & virtual industry in aviation along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aviation augmented & virtual reality market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aviation augmented & virtual reality market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global aviation augmented & virtual reality market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the aviation augmented & virtual reality market research report:

  • Which are the leading market players active in the augmented & virtual reality market in aviation?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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