Military AR market to reach $1.4 billion by end of 2018, will continue growthNews
November 28, 2018
LONDON. The military augmented-reality (AR) market will reach $1.4 billion by the end of 2018, according to a new report from Visiongain titled "Military Augmented Reality (MAR) Technologies Market Report 2018-2028."
Growth in the military AR market will be driven over the next several years, according to the study findings, by increased governmental spending, modernization of countries' armed forces, and the changing nature of warfare.
The lead analyst on the report stated: "The commercial sector is leading the way in terms of innovations pertaining to augmented-reality devices, with the military expected to adopt this technology in the coming years. The demand for such devices is expected to increase in countries seeking to modernize their military by providing enhanced training through advanced war games and simulations due to the increasing need to train armed forces for asymmetrical warfare.”
For additional information on this report, please visit the Visiongain website.