Head Mounted Display (HMD) Market Analysis By Product (Helmet Mounted Display, Wearable Glass), By End-Use (Defense, Consumer), By Application (Imaging, Security, Tracking, Training & Simulation) And Segment Forecasts To 2020

Published: October 2014 | Report Code: 978-1-68038-251-8 | Report Format: PDF

Industry Insights

The global Head Mounted Display (HMD) market was valued at over USD 700 million in 2013 and is expected to witness substantial growth over the forecast period. Reduced microdisplay pricing coupled with high demand for helmet mounted displays across application areas is expected to drive head mounted display market growth over the next six years. Growing demand for mobile-based AR applications for 3D scene assembly is expected to create a viable growth opportunity for the mobile industry.

The advent of lightweight wearable technology has led to growing innovation in the HMD industry. With the introduction of lightweight displays, manufacturers across the globe have started positioning HMD as a consumer product. Virtual prototyping provides a significant opportunity to purveyors, where users can be involved in virtual car designing by evaluating accurate positions of different components and communicating customization to designers.

The market is in the early stage of evolution. Lack of awareness about the diverse applications in stereoscopic imaging used for medical applications, especially in the developing nations has been restricting industry growth since few years. In addition, lack of awareness based on the potential hazards due to obstructive line of sight, resulted by large wearable displays is hampering industry growth for defense-based applications.

Lack of standardization in components such as orientation sensors is hampering industry growth. Standardized evaluation processes need to be developed for complete systems as well as individual components. Simulator sickness associated with general discomfort, eyestrain, perceptual constancy, dark focus, and effect of darkness need to be addressed in order to enhance the market.

North America head mounted display market by end-use (USD Million), 2012 - 2020

North America head mounted display market

End-Use Insights

Rapidly mounting HMD demand in consumer electronics is expected to drive the industry over the next six years. Additionally, need for shorter testing period in virtual prototyping has resulted in price degradation, which is estimated to further enhance industry growth. Besides consumer applications, growing demand for these displays for security, tracking, and imaging is a key driver contributing to the overall industrial growth.

There is a growing need for lightweight and flexible wearable displays in the industrial ecosystem owing to the lack of standardization. Development of advanced technical developments for stereoscopic imaging could benefit surgical training or utilization in remote medicine applications. HMDs are integrated in many consumer electronics devices, which are expected to augment market growth.

Growing industrial opportunities for HMDs are mainly concentrated in the defense sector. Advanced military HMDs for ground-based applications (simulator, combat vehicle, and soldier applications) and airborne (rotary and fixed wing) are manufactured by industry participants to optimize and improve their usage. However, growth prospects for new industry entrants are very low on the account of industry saturation. Other end-use industries such as safety, sports, medical, and automation are expected to grow at a relatively slower rate over the forecast period.

Product Insights

Helmet mounted displays, and wearable glass are the two distinct product categories of HMDs. Helmet mounted displays accounted for over 60% of the global revenue share in 2013, which can be attributed to their extensive use in military & defense. The wearable glass is expected to witness substantial growth throughout the forecast period and is projected to overtake helmet mounted displays. Several developers and manufacturers such as Google, Epson, Vuzix, Sony, and Microsoft have actively rolled out their offerings in order to capitalize the positive growth prospects of wearable glass. 

Application Insights

Training & simulation is expected to account for a majority of the revenue share in 2013 and is expected to continue its dominance throughout the forecast period. Growing demand for HMDs in security, tracking, and imaging applications is expected to drive demand in defense applications over the forecast period.

Development of innovative technologies along with growing awareness regarding diverse applications has led to the development of inter-pupillary distance for stereoscopic imaging, which employs HMD for functionality. This trend is expected to continue over the forecast period, driving the global head mounted display market.

Regional Insights

North America HMD market contributed to over 35% of the global revenue in 2013 and is expected to maintain a steady growth rate throughout the forecast period, with the majority of the overall demand originating from medical, defense, and safety services. The head mounted display industry in Europe is expected to be boosted by considerable innovation in display technologies. Asia Pacific HMD market is expected to emerge as a lucrative region, owing to low production costs, low maintenance costs, and availability of cheap labor with adequate expertise in the field. 

Competitive Market Share Insights

Global head mounted display market share is moderately concentrated in nature and is characterized by a high degree of competition among the leading players, who adhere to significant M&A activities to gain a strong foothold in the industry by the expansion of business operations and enhancement of production capabilities.

New entrants require strong R&D capabilities and high capital investment to compete with the established players amid dynamically changing technology. Key success factors include high degree of technical support and continuous innovation. Key industry participants include BAE Systems, Google Inc., Imagine Corporation, Seiko, Rockwell Collins, Epson, Vuzix, and Sony Corporation.

Key question answered by the report
  • What was the market size from 2013 to 2015?
  • What will be the market growth till 2024 and what will be the resultant market forecast in the year?
  • How will the market drivers, retraints and future opportunieties affect the market dynamics and a subsequent analysis of the associated trends?
  • What segment and region will drive or lead market growth and why?
  • A comprehensive mapping of the competitive landscape and the market participants behavior.
  • What are the key sustainability strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and growth.
Get more questions?
Contact us at [email protected]
  • Ask for free product review call with the author
  • Share your specific research requirments for a customized report
  • Request for due diligence and consumer centric studies
  • Request for study updates, segment specific and country level reports

Choose License Type:

Single User - $4,700
Multi User - $8,000
Enterprise User - $10,500

Special Pricing

Grand View Research offers special pricing for:

  • Business Start-ups
  • Nonprofit Organizations
  • Academic Institutes
  • Researchers & Students

Why Choose Us

24/5 Research support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

BBB Rating dandb

Information security

Your personal and confidential information is safe and secure.

BOA