The display technology has improved over the years. The enhanced features, such as ultra-high resolution, and 3 dimensional (3D) video displays with exclusive augmented video capabilities, are some of the predominant drivers, for the demand of head mounted display. Defense, aviation, and military were the major end-user verticals of the head mounted display market in 2014.
Based on the various product types, the global head mounted display market can be broadly bifurcated, as head mounted display, and wearable glass. On the basis of various components the global head mounted display market can be bifurcated, as helmet mounted display, wearable glass, head tracker, controller, communication and connectivity, battery, and others. Based on the various application of head mounted display, the market can be broadly be bifurcated within industrial, defense and aviation, medical and healthcare, Training and simulation, gaming and consoles, fire safety, sports, augmented reality, and others.
The helmet mounted displays was the largest market segment in 2014. However, with rising consumer preference towards light weight head-worn display devices, the demand for eye wear is expected to be highest during the forecast period.
Defense was the largest application segment of the global head mounted display market in 2014; with ongoing military up-gradation programs, and rising defense budgets of developing countries, the market segment is expected to maintain its dominance, during the forecast period. Simulation and training segment have also emerged as one of the major markets, for head mounted display models in recent years. This segment is expected to grow at above average growth, during the forecast period.
Some of the major factors that fueled the market penetration of head mounted display in consumer and defense includes; falling prices of electronic component, such as micro-displays, and sensors in global market. Micro-display is prime component in head mounted display, interfaced with display optic system of the head mounted display device, which is embedded in both eye wear displays and helmet mounted displays. The increasing application of head mounted display devices for virtual augmented reality, Video gaming and console, consumer electronics, research and development and healthcare is providing new market opportunity, for the global head mounted display market.
Some of the competitors in the head mounted display market are Emagin Corporation, Google, Inc., Oculus Vr Inc., Recon Instruments, Inc., Sony Corporation, Thales Sa, Bae Systems, Epsoncorporation, Kopin Corporation, Optis Sas, Rockwell Collins, System Technologies Incorporated, NEC Corporation, Sensics, Inc., Vuzix Corporation, eMagin Corporation, Kopin Corporation, BAE Systems Plc, and Elbit Systems Ltd.
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