World Military AR Technology Market to Grow at 25% CAGR till 2016, Says Mind Commerce Publishing30 Aug 2012 • by Natalie Aster
The military AR technology market is forecast to grow at a CAGR of 25 % over the next four years eventually reaching 8.2 billion USD by the end of 2016. While the U.S and leading western economies are expected to lead the market, the rising economic powers from the Asia Pacific region will represent a strong element of growth. As a whole, the military AR technology market in the Asia Pacific region will grow at a CAGR of 30 % over the next four years, which is the highest growth rate in all regions.
The new report “Augmented Reality in the Battlefield 2012 - 2016” by Mind Commerce Publishing provides an in-depth assessment of the global military AR technology market including an assessment of the wider AR technology market, its applications in the battlefield, recent developments, vendor solutions and revenues forecasts from 2012 till 2016 on a global, regional and submarket scale.
Augmented Reality in the Battlefield 2012 - 2016
Published: July, 2012
Price: US$ 1,995.00
With its roots dating back to the introduction heads-up displays (HUDs) used in fighter aircraft, military applications of AR range from live fire training exercises to complex situational awareness systems encompassing features such as friend/foe identification, multiple sensory interfaces, location intelligence and interactive battlefield medical support.
Due to the planned pullouts from major conflict zones such as Iraq and Afghanistan, worldwide military spending is expected to decline over the next four years. However spending on AR technology is expected to grow at a healthy pace, driven by the benefits it can deliver in the battlefield.
More information can be found in the report “Augmented Reality in the Battlefield 2012 - 2016” by Mind Commerce Publishing.
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