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.
 |
| North America head mounted display market by end-use (USD Million), 2012 - 2020 |
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: 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: 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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-head-mounted-display-hmd-market
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.
