Head Mounted Display Market : Global Industry Analysis, Size, Share, Growth and Forecast to 2020 by FMI

London, UK -- (SBWire) -- 03/09/2015 --A Head Mounted Display (HMD) system is a virtual reality displaysystem,with which users can view maps, routes and other information generated by a remote computer or any compatible electronic systemin real time and with ensured accuracy.The HMDmarket is expected to grow with ata strong double-digit growth rate over thenext five years (2015–2020). Thisstrong growth is attributed to various factors such as the need for faster work operations, government focus on developments, the need foradvanced displays in the video gaming industry, high demand in the aerospace and defence sector and the need forHMD systemsby themilitary. On the other hand, there are various factors negatively affecting growth of the HMD market such as high price of HMDs, limitedbattery life and latency.

In the next five years, the global market for HMD systemsis expected to grow ata strong double-digit growth rate to meet the growing demand pertaining to improved, fast and accurate availability of information. HMDs are automated, user-friendly and come in models ranging from goggles to helmets.

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The HMDmarket can be segmented into products, components, applications and geographies. The products included under HMDs are helmet mounted displays and wearable glasses. The components for both these products are similar in nature and function. The components micro display, goggle, head tracker, camera, mirror, control unit, connectivity device and technology, helmet and batteries.Helmet mounted display market accounts for over half of the HMD market share, but on the other hand, wearable glass market share is going to grow at a rapid rate.Various types of micro displays are available in the market such as Digital Light Processing (DLP), Laser Beam Steering (LBS), Digital Micro Mirror Devices (DMD), Liquid Crystal On Silicon Technology (LCOS), Organic Light Emitting Diode (OLED), Ferroelectric Liquid Crystal On Silicon (FLCOS) and Time Multiplexed Optical Shutter (TMOS). The prices for microdisplays are decreasing, which is resultinginincreasingdemand for HMDs.

Based on applications, the HMD market can be segmented into: video gaming, training and simulation, defence and aviation, business and industrial, healthcare industry andsports industry.HMDs prove highly efficient in locations with poor visibility. Increasing popularity of virtual reality is expected to drive the consumer segment over the next six years.The demand for head mounted displays by volume (thousand units) is driven majorly by the video gaming industry; whereas, the market by value ($ million) is strongly driven by the defence and aviation industry.The defence segment is expected to dominate the market in near future as well.

Geographical segmentation of global HMD market includes regions such as North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle East & Africa. The current market scenario represents the strong demand and supply of HMD in the U.S., Canada, Japan, China, the U.K., France, Italy and Germany. North America is leading the global HMD market, whileAsia Pacific is expected to show a strong growth rate in the near future. The demand in Asia Pacific will be strongly driven by a growing manufacturing base and the need fortechnological advancements in someAPAC countries such as South Korea and China.

Some of the key players in the HMD market are Google, Inc., Kopin Corporation, Oculus VR, Inc., Optis SAS, Recon Instruments, Inc., Rockwell Collins, Sony Corporation, Thales SA, System Technologies Incorporated, BAE Systems, Epson Corporation and Emagin Corporation. There are severalmore companies interested in entering the market due to its high potential in the future potential.

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