Head Mounted Display Market Overview:
The worldwide head mounted display market was evaluated at more than 0.7 billion USD in year 2013 and is predicted to observe significant growth during the forecasted period.
Minimized micro display costing combined with heavy demand for helmet enhanced displays around the areas of applications is predicted to stimulate the growth and expansion of global head mounted display market in future. Enhanced demand for mobile dependant AR uses and applications for 3D scenario is predicted to create a viable growth avenue for the mobile sector.
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The dawn of lightweight wearable technique has led to rising innovation in head mounted display sector. With opening of lightweight displays, producers across the world have commenced market positioning head mounted display as a consumer item.
Effective prototyping offers a vital avenue to suppliers, where customers can be engrossed in designing of virtual car by calculating correct positions of various parts and communing customization to virtual car designers.
The global head mounted display market is in early evolutionary phase. Lack of consciousness about the different applications in stereoscopic imaging utilized in medical uses generally in the emerging economies has been inhibiting growth of the global head mounted display market since last few years. Further, lack of consciousness about the potential risks owing to disruptive line sight led by large wearable displays is hindering the market growth and expansion for defense based appliances.
Lack of component standardization like orientation sensors is hindering the growth of the industry. Standardized process of evaluation is required to be created for complete systems as well as individual parts. Simulator illness related with general eyestrain , dark focus, discomfort, perceptual continuity and effect of darkness requires to be addressed in order to expand and grow the global head mounted display market.
Head Mounted Display Market By End Use:
Fast growing HMD demand in end user electronics is predicted to stimulate the market in future. Further, requirement for shorter span of testing in essential prototyping has led in diminishing costs and this is projected to further increase market growth. Besides user applications, increasing demand for these demonstrations for detecting, tracking, security purpose and imaging is a main stimulator which adds to the overall market growth and expansion.
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There is an increasing requirement for supple wearable displays and lightweight in the business ecosystem due to the lacuna in consistency. Improvement or advancements in modern technological applications for stereoscopic imaging can be beneficial in sessions on surgical trainings or use in remote medical uses. Head mounted displays are included in many customer equipments which are projected to enhance the growth and expansion of the universal head mounted display market.
Growing market avenues for head mounted displays are primarily focused on the defense section. Modernized defense head mounted displays for ground based uses like military applications, simulator applications and warfare vehicles as well as airborne applications like fixed wing applications and rotary applications are produced by market players to maximize and enhance their utility. But the prospects for business growth for new market entrants are very less owing to market saturation. Various other end use industrial sectors like sports industry, medical segment, automation sector and security sector are predicted to grow and expand at a comparatively slow rate during the projected period.
Head Mounted Display Market By Product:
Wearable glass and helmet mounted displays are the two different product sections of head mounted displays. Helmet mounted displays contributed for more than sixty percent of the total market revenue share in year 2013 and this can be credited to their rampant use in defense as well as military sector. Wearable glass is predicted to observe significant growth during the estimated period and is expected to surpass the helmet mounted displays. Many producers and developers like Vuzix, Google, Microsoft, Epson and Sony have released offers to gains from the favorable growth prospects as well as business prospects of the wearable glass market sector.
Head Mounted Display Market By Application:
Simulation and training is projected to contribute for major part of the market revenue share in year 2013 and it is predicted to continue its domination throughout the estimated time span. Rising demand for head mounted displays in detection, security and imaging applications and uses is projected to stimulate the demand as well as growth of the defense or military applications during the forecasted period.
Growth of innovative techniques along with rising consciousness regarding its various uses & applications has resulted in growth and expansion of inter pupillary space for stereoscopic imaging, which utilizes head mounted displays for functionalities. This inclination is predicted to persist during the forecasted time span stimulating the growth and development of universal head mounted display market.
Head Mounted Display Market By Region:
The head mounted display market of sub continent of North America accounted for more than thirty five percent of the total market revenue share in year 2013. It is predicted to restore a healthy constant rate of growth during the forecasted period with key demand derived from defense sector, medical segment and security services sector. The head mounted display business sector in continent of Europe is predicted to receive a great boost due to significant innovation in display techniques. The head mounted display market of Asia Pacific Zone is predicted to evolve as a potential favorable market as well as profitable market sector due low manufacturing costs, low costs of maintenance and cheap labor costs with sufficient professional expertise.
The worldwide head mounted display market share is focused and featured by high level of competition among different key market participants who are significantly involved in activities of mergers & acquisitions, takeovers as well as associations or partnerships. to acquire stronghold in the business by expanding their business functions and increasing their manufacturing abilities.
New business entrants need strong research and development abilities, high proportion of business investment and require knowledge of dynamically changing techniques plus fast adaption to these drastically changing (new) techniques to compete with the already existing market players. The key success aspects in this business are high level of technical support and constant rapid innovations, and inventions to be made in new technologies plus quick adaption to changing techniques.
The profiles of key market players includes in this global head mounted display market report are firms like Epson, Google Incorporation, Oculus VR, Rockwell Collins, eMagin Corporation, Kopin Corporation, Thales Group, Sensics Incorporation, BAE Systems, NEC Corporation, Recon Instruments Incorporation, Imagine Corporation, Sony Corporation, Seiko and Vuzix Corporation.
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