According to a new report, published by KBV research, The Global Immersive Training Market size is expected to reach $87.40 billion by 2031, rising at a market growth of 27.8% CAGR during the forecast period.
The Augmented Reality (AR) segment is anticipating a CAGR of 27.5% during (2024 - 2031). AR enables trainees to access digital overlays and guidance while remaining engaged in real-world tasks, making it ideal for industrial training, medical simulations, equipment maintenance, and remote support. The increasing availability of AR-enabled smartphones, smart glasses, and wearable devices has made AR-based training more accessible and cost-effective for businesses. Furthermore, the hands-free functionalities of augmented reality, coupled with its capacity to provide real-time information, have rendered it an invaluable asset for industries seeking to improve operational efficiency and minimize training duration.
The Hardware segment is leading the Global Immersive Training Market by Component in 2023; thereby, achieving a market value of $42.62 billion by 2031. Healthcare, defense, aviation, and manufacturing sectors require advanced VR headsets, AR glasses, motion tracking systems, and haptic feedback devices to create realistic training environments. The rapid advancements in display resolution, sensor accuracy, and AI-driven motion tracking have enhanced the effectiveness of immersive training solutions, leading to higher adoption rates. Additionally, corporate investment in workforce development and the rising use of simulation-based training in hazardous work environments further propel the demand for specialized immersive training hardware.
The Education segment obtained a CAGR of 26.2% during (2024 - 2031). The shift toward remote and hybrid learning models, accelerated by the COVID-19 pandemic, has increased the demand for immersive digital learning solutions. AR-based applications enhance STEM education, history, and geography lessons, while VR-based simulations offer real-world training experiences for students in various disciplines. The integration of AI-driven adaptive learning, 360-degree virtual field trips, and gamified education experiences continues to fuel the expansion of immersive learning in K-12, higher education, and corporate training programs.
Full Report: https://www.kbvresearch.com/immersive-training-market/
The North America region dominated the Global Immersive Training Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34,131.3 billion by 2031. The Europe region is expected to witness a CAGR of 27.5% during (2024 - 2031). Additionally, The Asia Pacific region is expected to witness a CAGR of 28.5% during (2024 - 2031).
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