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:
http://www.grandviewresearch.com/industry-analysis/head-mounted-display-hmd-market
http://www.grandviewresearch.com/industry-analysis/head-mounted-display-hmd-market
North America head mounted display market by end-use (USD Million), 2012 - 2020 |
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.
View More Reports Of This Category By Grand View Research
At: 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
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
View Press
Release of this research report by Grand View Research: https://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
For More Information: www.grandviewresearch.com