Press release
Head Mounted Display Market : Repository of Analysis and Information for Every Facet of the Market
Head Mounted Display is a light weight device worn or mounted on users head and has asmall display optic near eye. The display optic projects virtual environment in front of wearer’s eye. The Head Mounted Display can reflect projected view or see through view.HMD market is segmented into two broad categories namely ‘helmet mounted display’ and ‘eye wear display’. The ‘helmet mounted display’ is mounted around the complete head and are most applicable for high end aviation, defense and military usage.
On the hand, ‘eye wear display’ is light weight goggle like device that user can be wear on eye. Eye wear displays are light weight as compared to helmet mounted display.The global eye wear display shows impressive growth in resent few years due to its popularity for being portable, lightweight and compact.
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The Global HMD market is estimated to value at US$ 887.1 Mn in 2014 and expected to reach 13167.5 Mn by 2020, reflecting a CAGR of 59.4% during forecast period.
The factors that fuel the penetration of head mounted display in consumer market is result of declining prices of components like microsdisplays in global market. Microdisplay is a basic component which is coupled with display optic system embedded in both helmet mounted displays and eye wear displays for providing enlarged, high quality image in front of wearer’s eye.
Use of HMDs for virtual augmented reality, Video gaming & entertainment, R&D and Healthcare provides a sound opportunity for the growth of HMD market.
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At Present North America is dominating global HMD market in 2014, which is characterized by technological advancements bought by increasing demand for wearable computing devices in this region. The HMD market of Asia Pacific totaled at USD 79.8 million in 2014, and is expected to be the fastest growing market within the forecast period.
Keymarket players include Google Cooperation, Sony Corporation, eMagin Corporation, Oculus VR, Kopin Corporation, Thales Visionix, Rockwell Collins, Recon Instruments, Seiko Epson Corporation, and others
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