Albany, New York, USA (PRWEB) December 17, 2013
Transparency Market Research has published new Market Report “Head Mounted Display Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the market was valued at USD 342.7 million in 2011, and is expected to reach USD 9,275.4 million by 2019, growing at a CAGR of 55.3% from 2013 to 2019.
Browse the full report with TOC at http://www.transparencymarketresearch.com/head-mounted-displays.html.
Increasing demand from consumer market segment is a major driving force for the growth of the Head Mounted Display (HMD) market. This is mainly due to the advancements in display technologies providing superior capabilities such as 3D viewing and high resolution to the end-users. In addition, inclination of users towards compact, portable computing devices and advancements in the healthcare industry are expected to have a positive impact on HMD demand over the forecast period. This can be attributed to the increasing use of HMDs by the medical community in different types of surgeries and other medical practices. The use of HMDs in automotive prototyping i.e. in virtual designing of a car and in cloud computing is expected to open new opportunities for HMD.
Among all the product types, helmet mounted displays accounted for around 58% of the overall HMD revenue in 2012. However, wearable glasses HMD are expected to surpass the helmet mounted display market in the near future. This is mainly due to the demand for light-weight head-worn display devices. In terms of end-use, the defense service segment held the highest market share, and was valued at USD 319.3 million in 2012.
The consumer market segment is expected to grow at the highest CAGR of 71.8% from 2013 to 2019. Training and simulation is the largest application area of HMDs and was valued at USD 421.6 million in 2012. North America was the market leader in 2012, and Asia Pacific is expected to be the fastest growing region, with an expected CAGR of 60.7% from 2013 to 2019. This is mainly owing to the increasing demand from medical and consumer market segments in the region.
The global HMD market is highly fragmented and competitive. Major industry participants include eMagin Corporation, Sony Corporation, Kopin Corporation, Rockwell Collins, Vuzix Corporation, Seiko Epson Corporation, BAE Systems Plc, Transparency Market ResearchElbit Systems Ltd., and Universal Display Corporation among others.
Related Report : Advanced Batteries Market
The advancements in display technologies coupled with declining microdisplay prices have led to an extensive use of HMDs in different domains such as defense services, video gaming, augmented reality, virtual reality, automation, sports, medical practices, safety services and design.
This research report on the global head mounted display (HMD) market provides in-depth analysis of the global market based on its major product segments, applications, end-use, components and geographies for the period from 2013 to 2019. It provides complete understanding of driving factors, restraints, and prevailing trends behind the popularity and growth of HMDs. The study covers market estimate and forecast for all the market segments and explains the impact of various factors on these segments.