Head Mounted Display (HMD) Market

Head Mounted Display (HMD) Market will benefit from the opportunities presented
by cloud computing
A new research report, titled “Head Mounted Display Market – Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”, from Transparency
Market Research (TMR) states that the global head mounted display market is
projected to expand at a remarkable 45.20% CAGR during the forecast period from
2014 to 2022.
In 2012, the global head mounted display (HMD) market was worth US$430.4 mn
and by 2022, the market is expected to be worth US$20.4 bn. The global head
mounted display market is driven by the rising demand for lightweight HMDs, which
will expand their application base. In addition to this, the declining prices of
microdisplays and regulated demand from defense services will also fuel the global
head mounted display market. On the other hand, the global head mounted display
market will be suppressed by the design issues associated with HMDs and lack of
awareness of the public regarding HMDs.
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By end use, the global head mounted display (HMD) market is segmented into the
consumer market (video gaming, virtual reality, and augmented reality), defense
(navy, military, and air force), and others (sports, safety practices, medical practices,
and automation). In 2013, the defense service segment held the largest share in the
global head mounted display market, generating a revenue of US$483.2 mn. On the
other hand, the consumer market segment is projected to witness the fastest CAGR of
53.20% during the forecasting horizon.
According to type, the global head mounted display (HMD) market is divided into
wearable computing glasses and helmet mounted displays. The helmet mounted
displays segment dominated the global head mounted display market with a 66%
revenue share in 2013. Nevertheless, the wearable computing glasses segment is
projected to surpass the helmet mounted display segment.
Component-wise, the global head mounted display market is classified into pico
projectors, computing, batteries, head trackers, control units, goggles, relay optics,
accessories, and others. On the basis of application, the global head mounted display
(HMD) market is divided into imaging, tracking, training and simulation, and
security. Region-wise, the global head mounted display market is segmented into
Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America.
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Currently, North America is dominating the global head mounted display (HMD)
market. However, it is Asia Pacific that is predicted to experience the highest CAGR
of 48.20% during the forecasting horizon. The Asia Pacific head mounted display
market benefits from the growing demand from its medical sector and consumer
sector. The global head mounted display market is projected to witness growing
demand in the medical sector for various types of surgeries and dentistry practices.
Companies in the global head mounted display (HMD) market will benefit from the
opportunities presented by cloud computing. Another good growth opportunity for
market players is the use of HMDs in automotive prototyping, i.e. virtual designing
of automotive parts. The key companies operating in the global head mounted display
market are BAE Systems, Google, Elbit Systems, Seiko Epson, eMagin, Sensics, and
Sony.

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