San Francisco, 15 October 2018 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.
Full Research Report On Head Mounted Display Market Analysis:
www.grandviewresearch.com/industry-analysis/head-mounted-display-hmd-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 At: 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
o
Augmented Reality
o
Virtual Reality
o
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 Full Press Release of this Report: 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.
For more information: www.grandviewresearch.com/
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