The global head
mounted display market is expected to reach USD 11,793.3 million
by 2020, according to a new study by Grand View Research, Inc. Reducing silicon
wafer costs have directly impacted microdisplay prices, which form a sizable
percentage of the resultant HMD cost. As a result, declining microdisplay
prices coupled with growing demand for wearable, lightweight devices are
expected to be key driving forces for the HMD market. Defense services are a
key contributor to global demand, wherein head mounted displays aid in
security, imaging and tracking.
Head mounted displays offer high degree of mobility
and computing power, which has led to increasing market penetration in the
consumer sector. Growing demand from automotive prototyping is expected to be a
key opportunity for industry participants. Lack of standardization resulting in
design issues may restrain market growth over the next six years. This can be
mitigated with the help of establishment of necessary guidelines for HMD
production.
Browse full research report on Head Mounted Display Market: https://www.grandviewresearch.com/industry-analysis/head-mounted-display-hmd-market
Further
key findings from the study suggest:
- Helmet mounted displays accounted for over 60% of the head mounted
display market in 2013; these products are expected lose market share due
to growing popularity of wearable glass. They are expected to continue
enjoying widespread use in defense applications over the next six years.
- Defense accounted for over 70% of the head mounted display market
in 2013, and is expected to remain the dominant end-use segment over the
forecast period. HMDs prove highly efficient during training regimes and
in locations with poor visibility. Increasing popularity of augmented and
virtual reality is expected to drive the consumer segment over the next
six years.
- Training and simulation is expected to continue accounting for
majority of the overall market through 2020. This is a result of the
growing use of HMDs in medical as well as military training modules.
- North America accounted for over 35% of the global HMD market in
2013; Asia Pacific is expected to exhibit high growth over the forecast
period. Establishment of manufacturing facilities along with technology
advancement due to the presence of Japan, South Korea and China is
expected to fuel regional market growth.
- Key companies operating in the market include eMagin Corporation,
BAE Systems, Vuzix, Rockwell Collins and Seiko Epson. Major manufacturers
have started developing products targeted at entertainment purposes;
additionally, geographical expansion is expected to be a key growth
strategy.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/display-technologies
Grand
View Research has segmented the global HMD market on the basis of product,
end-use, application and region:
HMD
Product Outlook (Revenue, USD Million, 2012 - 2020)
- Helmet
Mounted Display
- Wearable Glass
HMD
End-Use Outlook (Revenue, USD Million, 2012 - 2020)
- Defense
- Consumer
- Augmented
Reality
- Virtual
Reality
- Video Gaming
- Others
HMD
Application Outlook (Revenue, USD Million, 2012 - 2020)
- Imaging
- Security
- Tracking
- Training
& Simulation
HMD
Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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