A Hungarian-developed application which designed to help air pilots navigate has been awarded almost HUF 1.1 billion in support from the European Union’s Horizon 2020 innovation fund.
The development of the app, which is to be used on smartglases, was launched in December 2013 and its Hungarian developer, Aero Glass, has since grown into an international spin-off firm. The concept of the firm’s smart glasses is based on the possibilities provided by augmented reality (AR) technology, with the glasses displaying all information an aviator needs in 360 degrees and three dimensions. Data on the area of flight and the environment is projected onto the actual image of aerospace.
Together with two other Hungarian projects, Aero Glass has been awarded close to EUR 1.1 billion from Horizon 2020, an EU scheme to support innovation and support. The funds will be used to further develop and popularise the Hungarian software.
According to market analysts, the smart glasses market will grow at an annual rate of 60-70 per cent in the coming five years, generating USD 150 billion in revenue by 2020.
photo: Aero Glass