The head mounted display market was more than USD 700 million in 2013. It is estimated to experience significant expansion in the near future. Increasing demand for helmet mounted displays across application segments and decreased micro display costs should propel the market during 2014 to 2020 (forecast period).
Lightweight wearable technology has led to market advancements. With lightweight displays at the fore, global manufacturers treat head mounted displays as user products. The market is still evolving and low awareness regarding multiple applications in medical stereoscopic imaging has limited its progress.
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Moreover, low awareness of possible dangers owing to disruptive sight lines, resulting from big wearable displays can hinder the head mounted display market. Irregularities in orientation sensors & other components also hamper the market. Consistent evaluation procedures are required for private components & comprehensive systems.
Simulator illnesses like eye strain, general uneasiness, and darkness effects & focus require to be addressed so that circumstances can improve. The market is divided into end-users, products, applications, and regions. On the basis of end-users, consumer electronic devices would face high market demand over the coming six years.
Prospects of the head mounted display market are focused primarily on defence. Other end-users comprise healthcare, sports, mechanization, and safety. These are anticipated to grow comparatively slower from 2014 to 2020. Future opportunities for new players are less due to market penetration.
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Product segments in the head mounted display market encompass wearable glass and helmet mounted. Helmet mounted displays captured over 60% shares in 2013. This was credited to their high defence usage. Wearable glass displays should grow substantially in the future. They will surpass helmet mounted in regards to growth.
Manufacturers & developers attempt benefitting from upward wearable glass trends. In relation to applications, training & simulation occupied majority of the global shares in 2013. This segment would lead the market in the forthcoming years. Medical stereoscopic imaging, tracking, safety, and imaging are the other application segments.
With respect to regions, the North American head mounted display market contributed more than 35% shares in 2013. It will grow stably in the six years ahead. Europe could be driven by significant advancements in display technologies. Asia Pacific should remain lucrative from 2014 to 2020.
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