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Head Mounted Display (HMD) Market worth $12.28 Billion by 2020

The report covers the major players in HMD market, and provides the competitive landscape of the players, which covers the key growth strategies followed by all the major players. Some of the major players in this field are BAE Systems Plc. (France), Elbit System Limited (U.K.), Emagin Corp. (U.S.), Epson Corp. (Japan), Kopin Corp. (U.S.), Optis North America (U.S.), Rockwell Collins Inc. (U.S.), Sony Corp.(Japan), Thales Group (France), Universal Display Corporation (U.S.), System Technology Incorporated (U.S.).

This device improves the overall display experience of the user because of immersive and non-immersive displays. Various navigation and communication technologies like Global Positioning System (GPS) and Dedicated Short Range Communication (DSRC) are used in HMD to improve the guidance and monitoring system. Increasing developments in the components have positively influenced the investments in the head mounted display market. Decreased cost of components such as micro display makes this industry lucrative to invest. The HMD market covered in the report includes applications like Defense and Aviation, Industrial and Business, Healthcare, Video Gaming, Firefighting, Sports, and others.

The Head Mounted Display market is growing due to technological advancement. The result of technological advancement reflects in the functioning of the HMD. Thus, HMDs now are lighter, efficient, and faster; they provide wide array of services like GPS, navigation, interface for smart phone, and internet access.

The overall global market is segmented into four major segments- product, component, application, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report. The global market is expected to reach up to $12.28 billion by 2020, at an estimated CAGR of 57% from 2014 to 2020.

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Scope of the report

This research report categorizes the global head mounted display market, based on product, component, applications, and geography; it also covers the forecast revenue from 2013 to 2020 and future applications of HMD. This report also shows the deployments of HMD systems in various regions.

Based on Products

In the global HMD market, the major products included are Helmet Mounted Display and Eyewear display.

Based on Components

The main components used in Helmet mounted display are Micro-Display, Camera, Combined Mirror, Control Unit, and Helmet. Wearable glass comprises Goggles, Head Tracker, Battery, Accessibility Device, Controller, and Accessories.

HMD is known for its state-of-the-art display capabilities. Consumers/customers use HMD to experience the high quality display. On the other hand, HMD also provides additional facilities such as access to internet, smart phone access, GPS, navigation, and so on. The overall head mounted display market is segmented into four major areas: product, component, application, and geography. All the major areas are further segmented into sub segments- product is segmented into helmet mounted display and wearable glass, while components are segmented into micro display, camera, control unit, tracker, accessories, accessibility devices, and battery. Geography is segmented into Americas, Europe, APAC, and ROW. Applications are segmented into defense, industrial, video gaming, and so on. The global HMD market is expected to reach up to $12.28 billion by 2020, at an estimated CAGR of 57% from 2014 to 2020.

The major driving factors for the global HMD system market are technological advancement, rise of video gaming industry, decreased cost of micro display, and government’s interest in training of defense staff in simulators. In the report, different components are discussed; such as Micro-Display, Camera, Combined Mirror, Control Unit, Helmet, Goggles, Head Tracker, Battery, Accessibility  Device, Controller, Accessories and others.

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