Head Mounted Display Market - Global Industry Analysis and Opportunity Assessment 2014 - 2020: Future Market Insights

The HMDmarket is expected to grow with ata strong double-digit growth rate over thenext five years (2015–2020). Thisstrong growth is attributed to various factors such as the need for faster work operations, government focus on developments, the need foradvanced displays in the video gaming industry, high demand in the aerospace and defence sector and the need forHMD systemsby themilitary. On the other hand, there are various factors negatively affecting growth of the HMD market such as high price of HMDs, limitedbattery life and latency.

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In the next five years, the global market for HMD systemsis expected to grow ata strong double-digit growth rate to meet the growing demand pertaining to improved, fast and accurate availability of information. HMDs are automated, user-friendly and come in models ranging from goggles to helmets.

The HMDmarket can be segmented into products, components, applications and geographies. The products included under HMDs are helmet mounted displays and wearable glasses. The components for both these products are similar in nature and function. The components micro display, goggle, head tracker, camera, mirror, control unit, connectivity device and technology, helmet and batteries.Helmet mounted display market accounts for over half of the HMD market share, but on the other hand, wearable glass market share is going to grow at a rapid rate.Various types of micro displays are available in the market such as Digital Light Processing (DLP), Laser Beam Steering (LBS), Digital Micro Mirror Devices (DMD), Liquid Crystal On Silicon Technology (LCOS), Organic Light Emitting Diode (OLED), Ferroelectric Liquid Crystal On Silicon (FLCOS) and Time Multiplexed Optical Shutter (TMOS). The prices for microdisplays are decreasing, which is resulting in increasing demand for HMDs.

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