The
global Head Mounted Display
Market size
is expected to reach USD 11,793.3 million by 2020, according to a new study by
Grand View Research, Inc. Reducing silicon wafer costs have directly impacted
microdisplay prices, which form a sizable percentage of the resultant HMD cost.
As a result, declining microdisplay prices coupled with growing demand for
wearable, lightweight devices are expected to be key driving forces for the HMD
market. Defense services are a key contributor to global demand, wherein head
mounted displays aid in security, imaging and tracking.
Head
mounted displays offer high degree of mobility and computing power, which has
led to increasing market penetration in the consumer sector. Growing demand
from automotive prototyping is expected to be a key opportunity for industry
participants. Lack of standardization resulting in design issues may restrain
market growth over the next six years. This can be mitigated with the help of
establishment of necessary guidelines for HMD production.
Browse
Details of Report @
http://www.grandviewresearch.com/industry-analysis/head-mounted-display-hmd-market
http://www.grandviewresearch.com/industry-analysis/head-mounted-display-hmd-market
Further key findings from the study suggest:
- Helmet
mounted displays accounted for over 60% of the market in 2013; these
products are expected lose market share due to growing popularity of
wearable glass. They are expected to continue enjoying widespread use in
defense applications over the next six years.
- Defense
accounted for over 70% of the head mounted display market in 2013, and is
expected to remain the dominant end-use segment over the forecast period.
HMDs prove highly efficient during training regimes and in locations with
poor visibility. Increasing popularity of augmented and virtual reality is
expected to drive the consumer segment over the next six years.
- Training and
simulation is expected to continue accounting for majority of the overall
market through 2020. This is a result of the growing use of HMDs in
medical as well as military training modules.
- North
America accounted for over 35% of the global HMD market in 2013; Asia
Pacific is expected to exhibit high growth over the forecast period.
Establishment of manufacturing facilities along with technology
advancement due to the presence of Japan, South Korea and China is
expected to fuel regional market growth.
- Key companies
operating in the market include eMagin Corporation, BAE Systems, Vuzix,
Rockwell Collins and Seiko Epson. Major manufacturers have started
developing products targeted at entertainment purposes; additionally,
geographical expansion is expected to be a key growth strategy.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com