Augmented and Virtual Reality in Aviation Market Size, Growth, Trends, Forecast (2024-2032)

According to a new report by Univdatos, Augmented and Virtual Reality in Aviation Market are expected to reach USD Million in 2032 by growing at a CAGR of 49.04%.

The rising demand for Augmented and Virtual Reality in Aviation is due to the key factor that has contributed to the growth is the demand for flight simulation and training as well as the need for predictive maintenance to reduce the risk associated with flight operations.

Growing Demand:

In recent years, global security and geopolitical tensions have stressed the need for advancing air forces across the major countries across the globe to increase their air power through the acquisition of new 4.5 and 5th-generation aircraft. In line with this, countries such as the US, China, Russia, India, Germany, France, Indonesia, etc., have announced their plans to increase their air fleet with next-generation fighter aircraft and helicopters. This included overhauling and maintaining old aircraft as well as new fighter jets with unified command and control as well as long-range detection and ranging. For instance,

In January 2024, the French government announced the purchase of 42 additional Rafale Jets with a total cost of USD 5.5 billion. The respective aircraft will be delivered between 2027 to 2032.

In 2024, the government of the Czech Republic signed a deal with the government of the US to buy 24 new F35 jets. The total worth of the deal would be USD 6.6 billion, to be delivered between 2031 to 2035.

With the integration of aircraft with fully digital cockpits, the need for AI and VR training modules has expanded across the globe. One of the key factors that has remarkably supported the integration of the AR and VR solutions market in aviation is the integration of digital cockpits and head-up displays. These displays are integrated with the new generation of aircraft to overlay critical flight information such as navigation data, airspeed, engine temperature, fuel, and altitude directly in the pilot’s view. Many aviation companies have started integrating head-up displays to offer such functionality, a compressive field of view for pilots, and better situational awareness. For instance, in 2024, the government of Singapore announced its plans to purchase eight new F35 aircraft. This purchase would be on top of the earlier 12 F35A aircraft purchase signed by the government of Singapore.

In another instance, in 2024, the government of Germany announced its plans to purchase 20 additional Eurofighter Typhoon aircraft (4.5 generation) by the end of 2025.

The demand for a unified field of view along with the integration of majority of functions in the aircraft’s display the demand for AI and VR integration in the systems has massively emerged.

Applications:

One of the key concerns of the aviation industry across the globe is timely maintenance and reducing the risk to a greater degree. With the advent of flight safety analytics and the integration of artificial intelligence and machine learning techniques, the ability to anticipate and mitigate possible risks has drastically been reduced. With the help of real-time data analysis, AI and machine learning can reduce the risk by providing predictive insights, which has earmarked its presence through its adoption by leading aircraft manufacturers. Airbus is one of the leading companies among these that have adopted similar technologies. It uses Skywise, an open data platform that collects vast amounts of data from all Airbus aircraft, which helps to improve operational excellence by achieving greater fleet operational performance and reliability.

With the growing need for predictive systems, AI diagnostics, and maintenance in the aviation industry, the demand for augmented and virtual reality in aviation in this particular category is anticipated to find rapid growth, subsequently improving its market in the coming years.

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Technological Innovation:

One of the key concerns of the aviation industry across the globe is timely maintenance and reducing the risk to a noticeable degree. With the advent of flight safety analytics, as well as the inclusion of artificial intelligence and machine learning techniques, the ability to anticipate and mitigate possible risks has drastically been reduced. With the assistance of real-time data analysis, AI and machine learning can reduce the risk by providing predictive insights, which has earmarked its presence through its adoption by leading aircraft manufacturers. Airbus is one of the leading companies to adopt similar technologies, as it uses Skywise, an open data platform that collects vast amounts of data from all Airbus aircraft, which helps to improve operational excellence through greater fleet operational performance and reliability.

With the growing need for predictive systems, AI diagnostics, and maintenance in the aviation industry, the demand for augmented and virtual reality in aviation in this particular category is anticipated to find rapid growth, subsequently improving its market in the coming years.

Conclusion:

In conclusion, the Global Augmented and Virtual Reality in Aviation market is poised for continued growth and innovation driven by economic expansion, aircraft developments, technological advancements, and sustainable practices. The increasing demand for air travel and in-flight experience, as well as the need for improved predictive maintenance techniques in the aviation industry, underscores the pivotal role of Augmented and Virtual Reality in Aviation across the globe. As stakeholders navigate challenges such as cost management, regulatory compliance, and market competitiveness, collaborations, investments in Augmented and Virtual Reality in Aviation infrastructure, and rising demand for military and commercial aircraft would also play a vital role in shaping the future of the Global Augmented and Virtual Reality in Aviation market, ensuring its resilience and contribution to the global aviation industry.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2024−2032.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis By Technology, By Function, By Product, and By Component

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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