Head Mounted Display Sales are Accelerating as Application in Aerospace & Defense Rises: FMI
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: Accesswire
Advent of new technology in various end-use industries for better virtual experience and to provide an experience of physical presence in the environment among users is fuelling the demand for HMDs.DUBAI, UAE / ACCESSWIRE / April 15, 2021 / ESOMAR-certified Future Market Insights' recent report on the head mounted display (HMD) market forecasts a healthy growth outlook through 2021 and beyond. As of 2020, the market registered the growth of 16.1% CAGR, which was primarily bolstered by the increasing adoption of AR/VR technologies in gaming and media & entertainment industries. Future projections indicate a positive forecast, CAGR exceeding 25.9% through 2031.According to the study, warfare simulations, tactical augmented reality, situational awareness, and many other advantages are provided by HMDs. These aforementioned factors are key drivers increasing the application of HMDs in aerospace and defense sectors. Integration of 5G technology and the need to create Synthetic Training Env
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