Helmet Mounted Display Market to Worth USD 2,170 Mn by 2027 : Global Industry Size, Share, Trends, Segments and Geographic Overview with Key Competitive Landscape

Global Aerospace Helmet Mounted Display Market Report Information by Technology (Augmented reality, Virtual reality), Application (Military, Non Military), Component (Processor & Memory, Controller, Sensor, Display, Lens, Others), and by Region - Forecast Till 2027.

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Pune, India -- (SBWire) -- 08/27/2018 --Aerospace Helmet Mounted Display Market Snapshot

The global aerospace helmet mounted display market size was valued at little under USD 700 Mn in 2017 and is likely to surpass a USD 2,170 Mn by the year 2027 while growing at a CAGR of 12.36 percent in the forecast period from 2018 to 2027.

Helmet mounted display (HMD), a sophisticated technology is primarily gaining traction in sectors such as aerospace and defense. The increased level of emphasis placed on in-flight safety coupled with the advances made in pilot assistance technologies has favored the global market for aerospace helmet mounted displays. Pilots use HMD for improving situational awareness and enhancing the image of the scene. These displays also find a broad range of military applications particularly in fighter-jet units, as helmet-mounted sight and display is vital in combat situations. Modern HMDs are compact and highly efficient. Besides, constant efforts to improve product design is provisioning the development of more advanced HMDs that will assist pilots in multiple ways during hectic flights.

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Key Players

- ASELSAN A.?
- BAE Systems
- Elbit Systems Ltd.
- Kopin Corporation
- Rockwell Collins
- Thales Group
- Harris Corporation
- L-3 Technologies Inc.
- Microsoft Corporation
- Raytheon Company

Competitive Analysis

The development of aerospace helmet mounted display in an emerging market is a crucial focus area for players as the demand for more real and application-specific aerospace helmet mounted display market carries on its growth. The players in the market are applying a strategy of diversification and concentrating on growing its service offerings. It is crucial for these players to offer cost effective and customized products to prosper in the competitive market setting. However, companies are continuing their emphasis on the implementation of innovative growth strategies to gain a better foothold in the market on an international level.

Report Overview

This MRFR market perspective delivers an unbiased commentary on the global market landscape for aerospace helmet mounted display. It includes discussion on historical growth analysis, current market trends and revenue projection for the next nine years until 2027. An in-depth analysis of the key macro and micro-economic factors is also available in the research document. The scope of the discussion also covers the aerospace HMD components such as display, controller, sensor, processor & memory, and lens. Revenues analysis on the basis of different HMD technologies is presented as a part of the research, which covers conventional technology and augmented & virtual reality. A revenue analysis on the basis of both military and non-military application scopes is also conducted. All the sub-markets mentioned in the research document are profiled under five major regions – North America, Europe, Asia Pacific, Latin America and the Middle East & Africa (MEA), with the respective country-level market sizes.

Report Coverage:

The report on global aerospace Aerospace Helmet Mounted Display Market report covers historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player's market share analysis and market factor analysis which covers supply chain and Porter's five forces analysis of the market.

Research Methodology

Market Research Future (MRFR) employs robust research approaches and fail-safe analytic algorithms for conducting in-depth analysis of large-scale commercial sectors and markets. The statistical observations derived are backed by data curated through primary and secondary research which includes interviews with top-level executives across the value chain (CEOs, Vice Presidents, Business Development Managers, etc.), SEC filings, paid database services, white paper references, and reports published by national and international organizations among others. Top-down and bottom-up approaches employed authenticate the accuracy of the estimated market valuations. A multi-layer verification process ensures the credibility of the insightful conclusions drawn in our reports. We emphasize on delivering a 360-degree outlook on market shifts, opportunities, and, threats to empower our clients in making informed decisions.

Other Description

- Currency- USD
- Base year- 2017
- Forecast Period- From 2018 to 2027

For the scope of the research, MRFR's report offers a comprehensive segmental analysis of the global market for aerospace helmet mounted display

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Segmental Analysis

The segmental analysis of the market is based on component, technology, and application. On the basis of component, the market has been segmented into sensor, display, controller, processor & memory, lens, and others. Among these, the display segment currently accounts for the chief market share and is expected to be highly lucrative through the assessment period. The advanced vision, which enables high-resolution images and 3D viewing in the helmet mounted display is an important feature driving its demand in the forecast period. The technology based segmentation of the market has been segmented into augmented reality, virtual reality and conventional. The augmented & virtual reality segment is the most rapidly developing segment in the market for aerospace helmet mounted display as it relays information related to the horizon, airspeed, altitude etc. While, conventional technology is the biggest segment as it significantly reduces workload, enhances the pilot's response time, and improves their ability to complete missions successfully. The application segment consists of non-military and military. The military segment is the largest segment of market on the basis of application for aerospace helmet mounted displays deployed in the military sector by pilots of fighter, bomber and other combat (fixed and rotary wing) aircrafts.

Detailed Regional Analysis

The regional analysis of the aerospace helmet mounted display market observes that the North American region is the leader in terms of global military expenditure and technological advancements and thus, produces a very high demand for the helmet mounted display market. Though, Canada makes some investments in the development of advanced equipment such as these, yet the market is chiefly reliant on the U.S. In addition, the growing military spending by the U.S. Department of Defense (DOD) on developing tactical equipment, in the recent years, has resulted in the market observing a substantial surge in demand, in this region. The Asia Pacific region is the next leading regional market. In the recent years, countries in this region have been susceptible to extremist and insurgent threats as well as territorial disputes. There also been an escalation in the number of conflicts in the India-China border alongside the Indian Ocean, the Himalayas, and the South China Sea. It has caused the deployment of large battalions of troops to such regions, to dissipate the rise in cross-border activities. The Asia Pacific region which is a developing region for the basic aerospace helmet mounted display has added benefits such as the latest technological security equipment, skilled employees, and organization structure.

Intended Audience

- Service Providers
- Policy Maker
- Intended Audience
- Airline Company
- Aircraft manufacturers
- Service providers

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