According to a new market research report "Head-Mounted Display Market by Component (Hardware and Software), Application (Aviation & Tactical, Engineering, Medical, Training & Simulation, and Others), Product (Head-Mounted and Eyewear), Technology, and Geography - Global Trend and Forecast to 2020", the total head-mounted display market is expected to reach up to USD 15.25 Billion by 2020, growing at a CAGR of 49.1% between 2015 and 2020.
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The head-mounted display market is expected to register a significant growth in the next five years. Increasing adoption of HMD products for multiple applications and growing popularity of reality technologies such as virtual, augmented and mixed reality may act as drivers for the overall head-mounted display market. Moreover, rising investments and new product activities from major companies such as Vuzix, Google, Oculus, Seiko Epson, and Kopin Corporation among others are expected to further contribute to the growth of the head-mounted display market.
Most of the large players in the industry have heavily invested and collaborated with the HMD players over the last few years to strengthen their growing presence. For instance, in June 2015, Intel Corporation (U.S.) entered into the HMD market space with the acquisition of Recon Instruments (U.S.). This acquisition enabled Recon to lead the smart eyewear category for sports segment with latest technological advancements. In addition, Recon Instruments partnered with APX Labs to utilize the latter’s Skylight software, which provides hands-on workers with connectivity to colleagues and immediate access to critical data. Also, in May 2015, Oculus VR, LLC (U.S.) acquired Surreal Vision, a 3D mapping company to turn reality into a video game. This acquisition enabled Oculus to foray into mixed reality. Moreover, other players such as Osterhout Design Group (U.S.), Thales Visionix, Inc., (U.S.), and Sensics, Inc. (U.S.) have launched several products over the last few years and aims to introduce more HMD devices in the market catering to wide range of customer needs.
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This report provides a detailed analysis of the overall head-mounted display market and its segmentation done on the basis of application and geography.
The objective of the research study was to analyze the market trends for each of the industries, the growth rates of the various applications (aviation & tactical, engineering, medical, training & simulation, entertainment, and others as well as the demand comparison of these industries.
Apart from the market segmentation, the report also covers the Porter’s Five Forces analysis, the market’s value chain with a detailed process flow diagram, and the market dynamics such as the drivers, restraints, and opportunities pertaining to the overall head-mounted display market.
This report profiles the major companies involved in the head-mounted display market such as Google Inc. (U.S.), Kopin Corporation, Inc. (U.S.), Oculus VR, LLC (U.S.), Osterhout Design Group (U.S.), Recon Instruments, Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Seiko Epson Corporation (Japan), Sensics, Inc. (U.S.), Sony Corporation (Japan), Thales Visionix, Inc. (U.S.), and Vuzix Corporation (U.S.) among others.
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