Global Head Mounted Display Market By Technology (Augmented Reality, Virtual Reality) By Product Type (Head Mounted, Eyewear) By Components (Processor and Memory, Controller) - Forecast to 2024
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The Global Head Mounted Display Market accounted to USD 3.5 billion in 2016 growing at a CAGR of 40.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Head Mounted Display Market Definition:
Head Mount Displays are AR devices that display images through small optic computer displays. These display devices are worn on the head like a helmet with optic computer displays in front of one eye or separate optic computer displays for each eye. HMDs consist of an image source, collimating optics, and a mechanism to mount the device onto the head. The current trends in the market for the HMDs are for the use in many applications such as medical visualization, for viewing sensor imagery in military vehicles, airborne workstations for aircraft simulation and training, and fixed and rotary wing avionics.
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Global Head Mounted Display Market – Competitive Analysis:
Head Mounted Display Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major market drivers and restraints:
• Increasing in Demand for Light-Weight HMDs
• Demand from Defense Services
• Declining Prices of Micro displays
• Issues related to design
• Lack of Awareness
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Global Head Mounted Display Market Segmentation:
On the basis of technology the Head Mounted Display Market is segmented into Augmented Reality, Virtual Reality. The augmented reality market is expected to grow in the forecasted period.
On the basis of product type the Head Mounted Display Market is segmented into Head Mounted, Eyewear. The Eyewear market is expected to grow in the forecasted period.
On the basis of components the Head Mounted Display Market is segmented into Processor and Memory, Controller, Sensor, Camera, Display, Lens, Case and Connector, Others. The Sensor market is expected to grow in the forecasted period.
On the basis of connectivity the Head Mounted Display Market is segmented into weird, wireless. The wireless market is expected to grow in the forecasted period.
On the basis of geography, Head Mounted Display Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
In 2017, Google Inc. partner with Qualcomm to develop standalone VR headsets for the use with smartphones.
Major Market Competitors:
Some of the major players operating in Head Mounted Display Market are:
• Google Inc.,
• BAE Systems Plc,
• Elbit Systems Ltd,
• Kopin Corporation,
• Rockwell Collins, Inc.,
• Seiko Epson Corporation,
• Sensics, Inc.,
• Vuzix Corporation,
• eMagin Corporation,
• Recon Instruments Inc.,
• Sony Corporation,
• Thales Group,
• Oculus VR, LLC,
• NEC Corporation,
• Osterhout Design Group,
• HTC Corporation,
• Microsoft Corporation,
• Avegant Corporation,
• Beijing Antvr Technology Co., Ltd.,
• Fove, Inc.,
• Magic Leap, Inc.,
• Shoogee GmbH & Co.
• among others.
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