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Global Aviation Augmented and Virtual Reality Market Share, Size, Analysis, Forecast: By Type: Augmented Reality, Virtual Reality; By Component: Hardware, Software, and Solutions; By Function: Training, Operation; By Application: On-Board, Off-Board; By End Use: Civil, Military; Regional Analysis; Competitive Landscape; 2024-2032

Global Aviation Augmented and Virtual Reality Market Outlook

The global aviation augmented and virtual reality market size attained a value of USD 2.68 billion in 2023. The market is further expected to grow at a CAGR of 56.50% between 2024 and 2032, reaching a value of USD 150.57 billion by 2032.

Global Aviation Augmented and Virtual Reality Market

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Key Trends in the Market

Aviation augmented and virtual reality refers to the use of augmented reality (AR) and virtual reality (VR) digital tools in aviation applications. AR and VR provide realistic aviation environments by stimulating different scenarios allowing the crew to learn, test, and practice their flying skills. This method also harmonises the budding pilots with multiple controls of an aircraft to improve their handling, especially during emergency situations.

The increasing adoption of aviation augmented and virtual reality in the aviation sector, to prepare for sudden danger and challenging situations which may emerge while flying, is driving the aviation augmented and virtual reality market growth.

Increasing application of aviation augmented and virtual reality in the military sector, to reduce costs, provide visualisation of navigation systems, and to improve combat aircraft handling skills, are the crucial aviation augmented and virtual reality market trends.

Technological advancements and innovations in aviation augmented and virtual reality software solutions, facilitating advanced functions such as remote maintenance, real-time monitoring, and efficient aircraft inspection, are anticipated to improve the market for aviation augmented and virtual reality in the coming years.

Global Aviation Augmented and Virtual Reality Market Analysis

Based on type, the market is segmented into augmented reality and virtual reality. Augmented reality is further divided based on technology into marker based and non-marker based, while the virtual reality is further bifurcated based on technology into immersive and non-immersive. On the basis of component, the market is classified into hardware, and software and solutions. By function, the market is segmented into training and operation. Based on application, the market is bifurcated into on-board and off-board. By end use, the market is categorised into civil and military. The regional markets for aviation augmented and virtual reality are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Aviation Augmented and Virtual Reality Market

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global aviation augmented and virtual reality market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Microsoft Corporation

Google LLC

Jasoren

Honeywell International Inc.

Elbit Systems Ltd.

Magic Leap, Inc.

Bohemia Interactive Simulations

SITA Group

EON Reality, Inc.

TAE Aerospace

Others

Global Aviation Augmented and Virtual Reality Share by Type

The virtual reality segment, based on type, accounts for a healthy share of the aviation augmented and virtual reality market. Virtual reality provides a multiparticipant atmosphere which facilitates interactions between cabin crew and pilot which enhances coordination, leading to an enhanced flight experience. In addition, this technology provides real-life environment at cost-effective rate. It also enhances decision-making by stimulating dangerous situations without real-life risks. Meanwhile, the augmented reality segment is anticipated to witness a steady growth in the forecast period, owing to the real-time remote guidance offered by experts which can reduce the chances of error during flights.

Global Aviation Augmented and Virtual Reality Share by End Use

Based on end use, the civil segment accounts for a significant share in the aviation augmented and virtual reality market. Increasing demand for commercial aircrafts and heavy dependence on aviation augmented and virtual reality to facilitate practical training are the major factors contributing towards the growth of this segment. Increasing number of domestic and international travellers are pushing the safety and quality standards of civil aviation industry, which is further propelling the demand for aviation augmented and virtual reality. Moreover, a digital wave of transformation across the civil aviation sector has brought a change in skill development and training procedures.

Global Aviation Augmented and Virtual Reality Market

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Competitive Landscape

Microsoft Corporation is one of the largest software makers across the globe, offering personal computer software, systems, and applications, cloud-computing services, video games, and consulting services. The company was founded in 1975 and is headquartered Washington, United States.

Google LLC is a subsidiary of Alphabet Inc., which is a leading provider of search and advertising services on the internet. Founded in 1998 and headquartered in California, United States, this company augments the growth of various businesses belonging to diverse fields.

EON Reality, Inc. is a leading software company which develops and markets virtual reality and augmented reality software, catering to the educational demands of universities other academic institutions. The company was established in 1999 and is currently headquartered in California, United States.

Other market players include Jasoren, Honeywell International Inc., Elbit Systems Ltd., Magic Leap, Inc., Bohemia Interactive Simulations, SITA Group, and TAE Aerospace, among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Type Component Function Application End Use Region
Breakup by Type	Augmented Reality Virtual Reality
Breakup by Component	Hardware Software and Solutions
Breakup by Function	Training Operation
Breakup by Application	On-Board Off-Board
Breakup by End Use	Civil Military
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Microsoft Corporation Google LLC Jasoren Honeywell International Inc. Elbit Systems Ltd. Magic Leap, Inc. Bohemia Interactive Simulations SITA Group EON Reality, Inc. TAE Aerospace Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Aviation Augmented and Virtual Reality Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Aviation Augmented and Virtual Reality Historical Market (2018-2023)
   8.3   Global Aviation Augmented and Virtual Reality Market Forecast (2024-2032)
   8.4   Global Aviation Augmented and Virtual Reality Market by Type
       8.4.1   Augmented Reality
           8.4.1.1   Market Share
           8.4.1.2   Historical Trend (2018-2023)
           8.4.1.3   Forecast Trend (2024-2032)
           8.4.1.4   Breakup by Technology
               8.4.1.4.1   Marker Based
                   8.4.1.4.1.1   Market Share
                   8.4.1.4.1.2   Historical Trend (2018-2023)
                   8.4.1.4.1.3   Forecast Trend (2024-2032)
               8.4.1.4.2   Non-Marker Based
                   8.4.1.4.2.1   Market Share
                   8.4.1.4.2.2   Historical Trend (2018-2023)
                   8.4.1.4.2.3   Forecast Trend (2024-2032)
       8.4.2   Virtual Reality
           8.4.2.1   Market Share
           8.4.2.2   Historical Trend (2018-2023)
           8.4.2.3   Forecast Trend (2024-2032)
           8.4.2.4   Breakup by Technology
               8.4.2.4.1   Immersive
                   8.4.2.4.1.1   Market Share
                   8.4.2.4.1.2   Historical Trend (2018-2023)
                   8.4.2.4.1.3   Forecast Trend (2024-2032)
               8.4.2.4.2   Non-Immersive
                   8.4.2.4.2.1   Market Share
                   8.4.2.4.2.2   Historical Trend (2018-2023)
                   8.4.2.4.2.3   Forecast Trend (2024-2032)
   8.5   Global Aviation Augmented and Virtual Reality Market by Component
       8.5.1   Hardware
           8.5.1.1   Market Share
           8.5.1.2   Historical Trend (2018-2023)
           8.5.1.3   Forecast Trend (2024-2032)
       8.5.2   Software and Solutions
           8.5.2.1   Market Share
           8.5.2.2   Historical Trend (2018-2023)
           8.5.2.3   Forecast Trend (2024-2032)
   8.6   Global Aviation Augmented and Virtual Reality Market by Function
       8.6.1   Training
           8.6.1.1   Market Share
           8.6.1.2   Historical Trend (2018-2023)
           8.6.1.3   Forecast Trend (2024-2032)
       8.6.2   Operation
           8.6.2.1   Market Share
           8.6.2.2   Historical Trend (2018-2023)
           8.6.2.3   Forecast Trend (2024-2032)
   8.7   Global Aviation Augmented and Virtual Reality Market by Application
       8.7.1   On-Board
           8.7.1.1   Market Share
           8.7.1.2   Historical Trend (2018-2023)
           8.7.1.3   Forecast Trend (2024-2032)
       8.7.2   Off-Board
           8.7.2.1   Market Share
           8.7.2.2   Historical Trend (2018-2023)
           8.7.2.3   Forecast Trend (2024-2032)
   8.8   Global Aviation Augmented and Virtual Reality Market by End Use
       8.8.1   Civil
           8.8.1.1   Market Share
           8.8.1.2   Historical Trend (2018-2023)
           8.8.1.3   Forecast Trend (2024-2032)
       8.8.2   Military
           8.8.2.1   Market Share
           8.8.2.2   Historical Trend (2018-2023)
           8.8.2.3   Forecast Trend (2024-2032)
   8.9   Global Aviation Augmented and Virtual Reality Market by Region
       8.9.1   North America
           8.9.1.1   Market Share
           8.9.1.2   Historical Trend (2018-2023)
           8.9.1.3   Forecast Trend (2024-2032)
       8.9.2   Europe
           8.9.2.1   Market Share
           8.9.2.2   Historical Trend (2018-2023)
           8.9.2.3   Forecast Trend (2024-2032)
       8.9.3   Asia Pacific
           8.9.3.1   Market Share
           8.9.3.2   Historical Trend (2018-2023)
           8.9.3.3   Forecast Trend (2024-2032)
       8.9.4   Latin America
           8.9.4.1   Market Share
           8.9.4.2   Historical Trend (2018-2023)
           8.9.4.3   Forecast Trend (2024-2032)
       8.9.5   Middle East and Africa
           8.9.5.1   Market Share
           8.9.5.2   Historical Trend (2018-2023)
           8.9.5.3   Forecast Trend (2024-2032)
9   North America Aviation Augmented and Virtual Reality Market Analysis
   9.1   United States of America
       9.1.1   Market Share
       9.1.2   Historical Trend (2018-2023)
       9.1.3   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Market Share
       9.2.2   Historical Trend (2018-2023)
       9.2.3   Forecast Trend (2024-2032)
10   Europe Aviation Augmented and Virtual Reality Market Analysis
   10.1   United Kingdom
       10.1.1   Market Share
       10.1.2   Historical Trend (2018-2023)
       10.1.3   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Market Share
       10.2.2   Historical Trend (2018-2023)
       10.2.3   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Market Share
       10.3.2   Historical Trend (2018-2023)
       10.3.3   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Market Share
       10.4.2   Historical Trend (2018-2023)
       10.4.3   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Aviation Augmented and Virtual Reality Market Analysis
   11.1   China
       11.1.1   Market Share
       11.1.2   Historical Trend (2018-2023)
       11.1.3   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Market Share
       11.2.2   Historical Trend (2018-2023)
       11.2.3   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Market Share
       11.3.2   Historical Trend (2018-2023)
       11.3.3   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Market Share
       11.4.2   Historical Trend (2018-2023)
       11.4.3   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Market Share
       11.5.2   Historical Trend (2018-2023)
       11.5.3   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Aviation Augmented and Virtual Reality Market Analysis
   12.1   Brazil
       12.1.1   Market Share
       12.1.2   Historical Trend (2018-2023)
       12.1.3   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Market Share
       12.2.2   Historical Trend (2018-2023)
       12.2.3   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Market Share
       12.3.2   Historical Trend (2018-2023)
       12.3.3   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Aviation Augmented and Virtual Reality Market Analysis
   13.1   Saudi Arabia
       13.1.1   Market Share
       13.1.2   Historical Trend (2018-2023)
       13.1.3   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Market Share
       13.2.2   Historical Trend (2018-2023)
       13.2.3   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Market Share
       13.3.2   Historical Trend (2018-2023)
       13.3.3   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Market Share
       13.4.2   Historical Trend (2018-2023)
       13.4.3   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Microsoft Corporation
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Google LLC
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Jasoren
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Honeywell International Inc.
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Elbit Systems Ltd.
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Magic Leap, Inc.
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Bohemia Interactive Simulations
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   SITA Group
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   EON Reality, Inc.
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   TAE Aerospace
           15.2.10.1   Company Overview
           15.2.10.2   Product Portfolio
           15.2.10.3   Demographic Reach and Achievements
           15.2.10.4   Certifications
       15.2.11   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Aviation Augmented and Virtual Reality Market: Key Industry Highlights, 2018 and 2032
2.   Global Aviation Augmented and Virtual Reality Historical Market: Breakup by Type (USD Million), 2018-2023
3.   Global Aviation Augmented and Virtual Reality Market Forecast: Breakup by Type (USD Million), 2024-2032
4.   Global Aviation Augmented and Virtual Reality Historical Market: Breakup by Component (USD Million), 2018-2023
5.   Global Aviation Augmented and Virtual Reality Market Forecast: Breakup by Component (USD Million), 2024-2032
6.   Global Aviation Augmented and Virtual Reality Historical Market: Breakup by Function (USD Million), 2018-2023
7.   Global Aviation Augmented and Virtual Reality Market Forecast: Breakup by Function (USD Million), 2024-2032
8.   Global Aviation Augmented and Virtual Reality Historical Market: Breakup by Application (USD Million), 2018-2023
9.   Global Aviation Augmented and Virtual Reality Market Forecast: Breakup by Application (USD Million), 2024-2032
10.   Global Aviation Augmented and Virtual Reality Historical Market: Breakup by End-Use (USD Million), 2018-2023
11.   Global Aviation Augmented and Virtual Reality Market Forecast: Breakup by End-Use (USD Million), 2024-2032
12.   Global Aviation Augmented and Virtual Reality Historical Market: Breakup by Region (USD Million), 2018-2023
13.   Global Aviation Augmented and Virtual Reality Market Forecast: Breakup by Region (USD Million), 2024-2032
14.   North America Aviation Augmented and Virtual Reality Historical Market: Breakup by Country (USD Million), 2018-2023
15.   North America Aviation Augmented and Virtual Reality Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Europe Aviation Augmented and Virtual Reality Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Europe Aviation Augmented and Virtual Reality Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Asia Pacific Aviation Augmented and Virtual Reality Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Asia Pacific Aviation Augmented and Virtual Reality Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Latin America Aviation Augmented and Virtual Reality Historical Market: Breakup by Country (USD Million), 2018-2023
21.   Latin America Aviation Augmented and Virtual Reality Market Forecast: Breakup by Country (USD Million), 2024-2032
22.   Middle East and Africa Aviation Augmented and Virtual Reality Historical Market: Breakup by Country (USD Million), 2018-2023
23.   Middle East and Africa Aviation Augmented and Virtual Reality Market Forecast: Breakup by Country (USD Million), 2024-2032
24.   Global Aviation Augmented and Virtual Reality Market Structure

Key Questions Answered in the Report

What was the aviation augmented and virtual reality market value in 2023?

The market reached a value of USD 2.68 billion in 2023.

What is the growth rate of the aviation augmented and virtual reality market?

The market is estimated to grow at a CAGR of 56.50% between 2024 and 2032.

What is the aviation augmented and virtual reality market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 150.57 billion by 2032.

What are the major market drivers?

The increasing adoption of aviation augmented and virtual reality to improve pilot preparedness and flight safety, rising applications in the military sector, and increasing investments by aviation authorities to curb the cases of errors are the major drivers of the market.

What are the key trends of the market?

The key trends in the market include advancements in augmented and virtual reality, increasing induction of light combat aircrafts and fighter jets in air forces of strong sovereign military powers and rapid digitalisation in the aviation sector.

What are the primary components of aviation augmented and virtual reality in the market?

Hardware, and software and solutions are the primary components of aviation augmented and virtual reality in the market.

What are the different functions of aviation augmented and virtual reality?

Training and operation are the different functions of aviation augmented and virtual reality.

Who are the key market players, according to the aviation augmented and virtual reality market report?

Microsoft Corporation, Google LLC, Jasoren, Honeywell International Inc., Elbit Systems Ltd., Magic Leap, Inc., Bohemia Interactive Simulations, SITA Group, EON Reality, Inc., and TAE Aerospace, among others, are the key players in the aviation augmented and virtual reality market, according to the report.

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