Middle East & Africa Augmented Reality And Virtual Reality (ar Vr) In Aviation Market Size & Outlook
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MEA augmented reality and virtual reality (ar vr) in aviation market highlights
- The MEA augmented reality and virtual reality (ar vr) in aviation market generated a revenue of USD 36.4 million in 2023.
- The market is expected to grow at a CAGR of 32.6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 36.4 million |
| Market revenue in 2030 | USD 263.2 million |
| Growth rate | 32.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.4% of the global augmented reality and virtual reality (ar vr) in aviation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,645.4 million by 2030.
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Augmented Reality and Virtual Reality (AR VR) in Aviation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jasoren | View profile | 101-250 | Aventura, Florida, United States, North America | https://jasoren.com |
| Aero Glass | View profile | 1-10 | San Diego, California, United States, North America | http://glass.aero/ |
| HTC Corp DR | View profile | 17575 | No. 23, Xinghua Road, Taoyuan District, Taoyuan, Taiwan, 330 | https://www.htc.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Sony Group Corp | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
Middle East & Africa augmented reality and virtual reality (ar vr) in aviation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to augmented reality and virtual reality (ar vr) in aviation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa augmented reality and virtual reality (ar vr) in aviation market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa augmented reality and virtual reality (ar vr) in aviation market databook
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Our clientele includes a mix of augmented reality and virtual reality (ar vr) in aviation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa augmented reality and virtual reality (ar vr) in aviation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa augmented reality and virtual reality (ar vr) in aviation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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