Aerospace Helmet Mounted Display Market 2017-2027 | Worldwide Overview By ASELSAN, BAE, Elbit, Kopin, Rockwell Collins, Thales, Harris, L-3, Microsoft and Raytheon

Aerospace Helmet Mounted Display Market Research Report 2018 published By Market Research Future, provides information on Global Aerospace Helmet Mounted Display Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Technology (Augmented reality, Virtual reality), Application (Military, Non Military), Component (Processor & Memory, Controller, Sensor, Display, Lens, Others), and by Region - Forecast Till 2027

The global aerospace helmet mounted display market, which was valued at USD 683.8 million in 2017 is expected to witness above-average growth and achieve a CAGR of 12.36% during the assessment period of 2018 to 2027. The increasing adoption of augmented reality (AR) technology, increased military spending, and the increased demand for combat aircraft are expected to be key factors driving the growth of the market. By the end of 2027, the aerospace helmet mounted display market is poised to reach an estimated valuation of USD 2.17 billion.

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Augmented reality offers users a unique combination of real-world data and virtual information to create an information-rich vision of the immediate environment to the operator. The use of such technology is growing swiftly in combat aircraft navigation and weapon systems. The complexity of the information these systems present, have prompted applications of AR in the form of helmet-mounted displays in an effort to offer an easier alternative which allows pilots to make faster decisions and is highly convenient in-flight. The indomitable value of being able to operate combat aircraft, access data and keep an eye on the skies is reflected in the time saved struggling with physical controls or touch interface, thus driving a high demand and adoption of helmet-mounted displays in aerospace. Additionally, various countries particularly emerging economies have increased their military spending. For instance, China and Saudi have increased their military spending by 5.6% and 9.2% respectively. In another instance, India surpassed U.K to become the fifth largest defense spender in the world. Growing populations, natural disasters, and the unpredictable political climate, combined with present terrorist threats has prompted countries to invest in advanced technology such as helmet mounted display in an effort to enhance operational capabilities of armed forces across the board.

Despite the factors mentioned above, market growth is restrained by challenges such as the increased use of drones which eliminates the need for a pilot. Unmanned systems in combat missions, and for various other purposes such as target recognition devices, damage assessment devices, and electronic warfare are increasing as they efficiently perform various tasks while reducing the number of fighter pilots required and the expensive equipment required for them. However, with the nature of warfare shifting from weapon centric to technology-centric, the demand and use of AR enables helmet mounted displays are expected to grow in the coming years. Advanced technology is proving to be key in the success of missions as a helmet mounted displays assist in maintaining sharp situational awareness, improving target acquisition and other benefits which are expected to drive further development of the product and the possibility of expansion opportunities in the future.

The global aerospace helmet-mounted display is segmented on the basis of the component, technology, application, and region. By component, the market is segmented into display, controller, sensor, processor & memory, lens, and others. The display segment dominates the total market with the largest share due to the vital role that an efficient display system plays in simplifying and presenting information.

By technology, the market is segmented into conventional technology and augmented & virtual reality. Presently, conventional technology dominates the global market, due to the fact that it is the most commonly used technology. However, with the integration of night vision and the growing applications augmented, virtual and mixed reality are expected to contribute to the development of highly efficient equipment, thus making the augmented & virtual reality segment the fastest growing segment during the forecast period.

By application, the market is segmented into military and non-military. The military segment possesses the largest share of the market due to the technology's common use in the military sector, particularly the air force and aviation sector. The technology is used extensively to cue weapons, and enable faster decision making. Meanwhile, the non-military segment is witnessing the fastest growth during the review period due to the rising applications of aerospace helmet-mounted displays in the civil aviation sector, where it is used to assist pilots in flying though environments where the visuals are degraded or unclear. Moreover, helmet mounted displays have the potential to guide pilots through adverse weather conditions where visibility is poor, as well as increase situational awareness.

Regional Analysis

North America leads the global market for aerospace helmet mounted display primarily due to the high military expenditure made in this region and the high adoption of advanced technologies, particularly in the military. The U.S leads the region’s growth and has a high concentration of prominent market players who are supported by the government in their research and development activities to develop advanced technology for military applications. The region, which in recent years has seen several terrorist attacks has promoted increased spending on military and a surge in demand for advanced tactical equipment.

Meanwhile, the Asia-Pacific is both the second largest region and the fastest growing region in the global market. The region includes several countries with globally renowned armed forces which are commonly perceived as the major defense hubs of the Asia Pacific; China, India, and Japan have significantly increased their military expenses in the recent years and have a concentration of highly skilled individuals who work in the development of advanced security and tactical gear including helmet mounted display. Moreover, the high number of conflicts across borders of countries such as India and China are encouraging the use of such gear to offer an advantage in combat.

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Competitive Tracking

The report includes the analysis of various prominent players in the global market including Thales Group, Harris Corporation, Raytheon Company, and Elbit Systems Ltd. Other players include BAE Systems, Rockwell Collins, ASELSAN A.S, Kopin Corporation, Microsoft Corporation, and L-3 Technologies Inc. These market-leading players employ several strategies to facilitate growth such as research and development activities, mergers and acquisitions among others.

Intended Audience

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

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

Continued.........

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Aerospace Helmet Mounted Display Market, by Component, 2017-2027 (Usd Million)
Table 4 Display: Aerospace Helmet Mounted Display Market, by Region, 2017-2027 (Usd Million)
Table 5 Controller: Aerospace Helmet Mounted Display Market, by Region, 2017-2027 (Usd Million)
Table 6 Sensor: Aerospace Helmet Mounted Display Market, by Region, 2017-2027 (Usd Million)
Table 7 Processor & Memory: Aerospace Helmet Mounted Display Market, by Region, 2017-2027 (Usd Million)

Continued.....

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