Triveni Bhoyar has over 5 years of experience in the market research industry, specializing in the Automotive and Aerospace & Defense sectors. She has contributed to 200+ reports, including numerous custom projects for leading global companies, delivering solutions to complex business challenges. Renowned for her ability to generate valuable insights, Triveni excels in addressing unique market dynamics with precision and depth. Her expertise spans market sizing, competitive intelligence, and trend analysis, enabling clients to craft data-driven growth strategies. With strong analytical rigor and a client-centric approach, she plays a pivotal role in driving impactful, strategic decision-making.
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Co-Author
Sejal Akre
Senior Research Analyst
She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense.
She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
The secondary research process involved comprehensive analysis of defense procurement databases, aerospace technology journals, military publications, and authoritative government sources. Key sources included the US Department of Defense (DoD), Defense Advanced Research Projects Agency (DARPA), Army Futures Command, Federal Aviation Administration (FAA), National Aeronautics and Space Administration (NASA), European Defence Agency (EDA), NATO Communications and Information Agency (NCIA), UK Ministry of Defence (MOD), French Direction Générale de l'Armement (DGA), German Federal Ministry of Defence, Japan Ministry of Defense, South Korea Defense Acquisition Program Administration (DAPA), Indian Ministry of Defence, Australian Department of Defence, Congressional Research Service (CRS), Government Accountability Office (GAO), Defense Budget Overview Reports, Federal Procurement Data System (FPDS), USASpending.gov, EU Defence Fund databases, SIPRI Arms Transfers Database, National Defense Industrial Association (NDIA), Aerospace Industries Association (AIA), Society for Simulation in Healthcare, IEEE Xplore Digital Library, ACM Digital Library, and national statistical offices from key markets. These sources were used to collect defense spending data, procurement contracts, technology adoption trends, regulatory frameworks, and competitive landscape analysis for virtual reality, augmented reality, mixed reality systems, and integrated visual augmentation platforms across military training, healthcare simulation, aerospace, and industrial applications.
Primary Research
Qualitative and quantitative insights were obtained by interviewing supply-side and demand-side stakeholders during the primary research process. CEOs, VPs of Engineering, Chief Technology Officers, program coordinators, and business development heads from IVAS manufacturers, defense contractors, aerospace systems integrators, and technology OEMs comprised supply-side sources. Military program managers, defense acquisition officers, flight training directors, simulation center managers, chief medical informatics officers, and procurement leads from defense ministries, armed forces branches, flight training academies, medical simulation centers, and industrial training facilities comprised demand-side sources. Primary research verified market segmentation, verified product development timelines, and garnered insights on technology adoption patterns, contract award dynamics, and integration challenges.
Primary Respondent Breakdown:
By Designation: C-level Primaries (28%), Director Level (35%), Others (37%)
By Region: North America (32%), Europe (30%), Asia-Pacific (28%), Rest of World (10%)
Market Size Estimation
Global market valuation was derived through contract value analysis and system deployment volume assessment. The methodology included:
Identification of 40+ key manufacturers and system integrators across North America, Europe, Asia-Pacific, and Middle East
Product mapping across virtual reality, augmented reality, mixed reality, and integrated head-mounted display categories
Analysis of reported and modeled contract values specific to IVAS and related visual augmentation portfolios
Coverage of manufacturers representing 75-80% of global defense and commercial market share in 2024
Extrapolation using bottom-up (unit deployment × system cost by application) and top-down (contract value validation) approaches to derive segment-specific valuations
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