The military is entering new ground with deep technologies as nations seek to strengthen their defense protocols. Emerging technologies such as quantum warfare, unmanned drones, robotics, and immersive reality are transforming modern defense applications. Among others, the field of immersive reality for defense applications is growing at a faster pace. BIS Research market intelligence report on immersive reality for the defense market forecasts an 18.78% CAGR from 2023 to 2033.
Immersive reality, commonly known as extended reality (XR), is an umbrella term encompassing a wide range of technologies designed to immerse users or trainees in synthetic or virtual environments. Immersive reality includes technologies such as virtual reality (VR), augmented reality (AR), and mixed reality (MR). Immersive reality technologies engage the users in a multisensory experience, replicating real-world scenarios with unparalleled fidelity.
Applications of immersive reality for defense widely include simulation and training for soldiers, pilots, and other defense personnel. With data visualization capabilities, immersive reality technologies such as VR and AR enable military strategists to assess prototypes in virtual environments and plan effective strategies. Thus, immersive reality saves time and resources while optimizing performance and functionality.
By Region, North America leads the immersive reality for defense market, as most established companies are located here. The region registered an 18.47% CAGR in 2022. In North America, the U.S. has the largest share of immersive reality for defense market growth and is anticipated to grow at a CAGR of 18.33%.
By type, the AR segment is expected to lead with a reported revenue generation of $1 billion in 2022. Moreover, the camera segment shows in components, and hardware lies ahead in segmentation by device.
Moreover, the immersive reality for the defense market is seeing an evolution in AR, known as tactical augmented reality (TAR).TAR systems are designed to offer dynamic data overlay, including maps, mission-critical data, intelligence feeds, and live video streams from drones or other sources. This data is seamlessly integrated into the users' field of view through specialized headsets or helmet-mounted displays.
As immersive reality technology continues to develop, we can expect to see even more innovative applications in the defense sector, such as developing new weapons and equipment and controlling unmanned vehicles and drones. Moreover, in the coming years, XR will be able to provide personnel with real-time intelligence and conduct psychological operations.
Interested to know more about the growing technologies in your industry vertical? Get the latest market studies and insights from BIS Research. Connect with us at [email protected] to learn and understand more.
