Global demand for head-mounted displays to reach $12.8 billion by 2020, forecast says
DALLAS, 2 June 2014. Global demand for head-mounted displays (HMDs) will grow to $12.8 billion by 2020 -- a combined annual growth rate of 57 percent -- predict analysts at market researcher Markets and Markets in Dallas.
The global market forecast for helmet-mounted displays, as well as eyeware and wearable displays, is in the 300-page report “Head Mounted Display (HMD) Market by Products (Helmet Mounted, Wearable Glass), Components (Micro display, Camera, control unit, Tracker, Accessories), Applications (Defence, industrial, Video Gaming) and Geography - Global Analysis and Forecast to 2020.”
The major factors driving growth for these electro-optical displays are technological advancement, rise of video gaming industry, decreased cost of micro display, and government’s interest in training of defense staff in simulators, analysts say.
HMD is known for its state-of-the-art display capabilities. Consumers and customers use HMD to experience the high quality-display. On the other hand, HMD also provides additional facilities such as access to Internet, smart phone access, GPS, navigation, and other graphical applications.
The report organizes the overall head-mounted display market in four major areas: products, components, applications, and geography. Each area has several sub-categories.
Products includes helmet-mounted display and wearable glass; components includes micro displays, cameras, control units, trackers, accessories, accessibility devices, and batteries; applications include defense, industrial, video gaming, and others; and geography includes the Americas, Europe, Asia-Pacific, and rest of the world.
Major companies profiled in the report include French companies BAE Systems Plc and Thales Group; United Kingdom company Elbit System Ltd.; U.S. companies Emagin Corp., Kopin Corp., Optis North America, Rockwell Collins, and Systems Technology Inc.; and Japanese companies Epson Corp. and Sony Corp.
The report also has 65 market data tables and 113 figures. For more information contact Markets and Markets online at www.marketsandmarkets.com.
John Keller | Editor
John Keller is editor-in-chief of Military & Aerospace Electronics magazine, which provides extensive coverage and analysis of enabling electronic and optoelectronic technologies in military, space, and commercial aviation applications. A member of the Military & Aerospace Electronics staff since the magazine's founding in 1989, Mr. Keller took over as chief editor in 1995.
