Military augmented reality market account for US$ 1,797.5 Mn by 2025

The military augmented reality market is estimated to account for US$ 1,797.5 Mn by the end of 2025, escalating at a CAGR of 17.4% during the forecast period from 2018 to 2025, from US$ 511.8 Mn in 2017. The growth of military augmented reality market is heavily driven by the significant increase in demand for situational awareness technologies among the defense forces across the globe and the need for hands-free navigation capabilities.

Military Augmented RealityThe augmented reality systems have numerous advantages on the battlefield, providing the wearer with vital information related to their surroundings, locating positions, and identifying friend or foe among others, thus saving lives.

Attributing to these advantages, the defense forces in the developed countries are investing substantial amounts in the procurement of augmented reality along with the development of advanced technology in the field. Moreover, the developing countries such as Mexico, India, Japan, Saudi Arabia, UAE and Brazil among others are also financing considerable amounts in the procurement of advanced technologies including augmented reality systems for combat operations. The U.S Department of Defense is heavily investing in augmented reality systems in order to equip the armed forces with an opportunity to navigate without any hand-held GPS locator, allowing the soldier to look in one direction while simultaneously viewing the weapons point of view. The Advanced Information Technology of Naval Research Laboratory in collaboration with Columbia University is developing Battlefield Augmented Reality Systems (BARS) for armed forces during a combat operation. The key aim of BARS is to provide the armed forces in a battleground with enhanced situational awareness and managing assets.

In 2017, North America led the market for military augmented reality, capturing almost 70% of the entire military augmented reality. The major factor boosting the market for augmented reality in North America is the significant investments from the United States Department of Defense in innovation, development, and manufacturing of robust technologies for its armed forces and international allies. The investments from the US is fueling the market for military augmented reality in the North America region. Moreover, Canada and Mexico, on the other hand, exhibits fair procurement strategies for various defense products, leading the region to grow over the years.

The technological giants and emerging companies in the United States such as Google, Honeywell International Inc., Applied Research Associates Inc., Six15 Technologies, and Oosterhout Design Group, among others, are investing substantial time and amounts for developing battlefield augmented reality in order to provide the soldiers with enhanced situational awareness and an opportunity to maneuver without carrying any hand-held GPS locator or night vision goggles. The United States Department of Defense works closely with these companies in order to design and manufacture products and technologies as per the requirements of the army, to strengthen the armed forces operating in a battlefield. Attributing to the above-mentioned factors, North American region is anticipated to exhibit prime growth rate over the forecast period from 2018 to 2025.

The market for military augmented reality consists of well-established companies as well as emerging companies namely; BAE Systems (United Kingdom), Google LLC (United States), Applied Research Association Inc. (United States), Oosterhout Design Group (United States) and Six15 Technologies (United States).

Browse Full Report: Global Military Augmented Reality (AR) Market and Forecast 2025

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Category: Technology Market Research Reports

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“Technology advances are worth a deal”, says Wipro To Falck!

Wipro fetches a deal from Falck, a Denmark based company. The contract merely involves service and finance information that would last for prolonged years. Consequently, technology market research reports forecast the deal being leveled at 1.22 percent at the NSE growth.

THE DEAL

Falck has been expressing quite a noble review from Wipro, headquartered at Bangalore. Wipro would help in securing the international supply of ambulance services to Falck. Additionally, employee health care procedures and roadside assistance are also on the list. The journey would be outgrowth on a path for scalable and trustworthy business model operandum in near future, quoted by major technology market research reports.

HOW IT WILL WORK

 Falck’s finance model ventures are also being renewed by Wipro. Currently, Wipro plans to enhance its enterprise operations and enact them directly into Falck’s finance strategies. This was quoted by Wipro’s marketing and branding team with a disclosure statement for market research reports. Falck’s operation has been wide and efficient in around 35 countries globally, employing 37 thousand plus employees.

According to technology market research reports, Wipro has been dominating in the Nordic region for a decade now. It mainly functions in areas across healthcare, manufacturing, energy domains, finance, and telecom industry to name a few. Furthermore, market research reports have claimed Wipro’s leverage would further pass on to robotics self-regulation and cognitive intelligence.

FUTURE ASPECTS

 Additionally, Wipro has been teaming up with several entities to acquire a dominance in the overall process. Technology market research reports have stated Appirio as one such domain. It will help Wipro in the improvement of a worker as well as customer experience. Consequently, cloud technology would be the pavement for such processes. Design it, a strategic firm will design the transformative product services. It greatly manipulates the approaches to product services, enhancing market research reports.

Nordic region’s major head person Carl Henrik even has major plans to make Wipro deliver businesses to Falck. Worldwide, several customers benefit from Falck’s services. These customers are long-term associates, as per technology market research reports.

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Automatic Gear Shifter Market Research Report 2018

Automatic Gear ShifterAutomatic Gear Shifter Report by Material, Application, and Geography Global Forecast to 2022 is a professional and in-depth research report on the worlds major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).

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The report firstly introduced the Automatic Gear Shifter basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the worlds main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The report includes six parts, dealing with:
1.) Basic Information;
2.) Asia Automatic Gear Shifter Market;
3.) North American Automatic Gear Shifter Market;
4.) European Automatic Gear Shifter Market;
5.) Market Entry and Investment Feasibility

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Supply chain gets a new push through Blockchain Market Research Reports

Blockchain offers a distributed database which holds digital data and events making them tamper proof. This largely accounts for providing security in breach and access. Conversely, implications on a global scale are present with most blockchain market research reports acting upon strategies.

Blockchain in supply chain market

THE PROCESS

In a Blockchain, as described the original information is put and the overall public and permanent information train are kept under wraps.

Considering an individual information in an overall history of banking transaction, blockchain makes this information a single block.

Consequently, there is a lot of involvement of various organizations that control blockchain transaction. Several participants get involve to reboot and update the system.

 Technology market research reports have varied on the quality of Blockchain in supply chain markets. By 2023, the market growth aims to reach 424 Million Dollars. Currently, several companies around the globe have been using the blockchain for applications. Ordinarily, this factor gives a tremendous boost, as stated by market research reports.

GLOBAL PRESENCE

 Globally, North America has been dominating the Blockchain market in a supply chain. The region has been expecting a tremendous growth of 131.65 Million dollars by the end of 2023. Fortunately, Asia Pacific market has also been close with a CAGR revenue of 58 percent in the coming decade. Furthermore, blockchain market research reports have been successfully implementing the idea for transforming payments prospect securely.

Asia Pacific regions have used Blockchain to develop most of their technical facilities in the supply chain domain. Additionally, it helps in maintaining a transparency of databases including payment, management, procurement and so on.

Similar demands are seen in countries like the Middle East, Africa, and Brazil, where digitalization is huge. Technology market research reports are used by government initiatives and foreign investment corporations, leading a spike in the economy. This greatly enhances the future scope of blockchain solutions in the supply chain as proposed by blockchain market research reports.

REASON FOR GROWTH

At times the specific need for product life cycles has led to conflicts between manufacturers and suppliers. Consequently, this has resulted in the use of more blockchain technology. The reason being it solely protects the competitor’s hold on the manufacturer and supplier, thus increasing the access of peer to peer technology in a domain. Need for blockchain technology solely depends on the market size and demand in an area, formed through market research reports.

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