Global Head-mounted Display Market 2016-2020
HMDs are AR devices that display images through small optic computer displays. These display devices are worn on the head like a helmet with optic computer displays in front of one eye or separate optic computer displays for each eye. HMDs consist of an image source, collimating optics, and a mechanism to mount the device onto the head. These displays are being used in many applications such as medical visualization, for viewing sensor imagery in military vehicles, airborne workstations for aircraft simulation and training, and fixed and rotary wing avionics. HMDs can be used in VR as well as AR applications.
Technavio’s analysts forecast the global head-mounted display (HMD) market to grow at a CAGR of 48.86% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global head-mounted display (HMD) market for 2016-2020. To calculate the market size, the report covers both helmet-mounted displays and wearable glasses, and the revenue generated from these segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Head-Mounted Display (HMD) Market 2016-2020
Technavio recognizes the following companies as the key players in the global head-mounted display (HMD) market: BAE Systems, Cinoptics, Elbit Systems, Kopin, Oculus VR, Rockwell Collins, Seiko Epson, Sensics, Sony, Thales, Trivisio Prototyping, and Vuzix.
Other Prominent Vendors in the market are: Apple, Avegant, Beijing ANTVR Technology, Carl Zeiss, Google, HTC, Microsoft, Optinvent, Samsung Electronics, Shoogee, and Vrizzmo.
Commenting on the report, an analyst from Technavio’s team said: “HMDs are finding an increasing number of applications in different sectors which will be a key trend for market growth. They are currently being used in sectors such as the defense and aviation. In the consumer electronics sector, these displays are mainly used for gaming and entertainment purposes while they are used for telerobotic surgeries and the treatment of psychological phobias in the healthcare sector. They are also being used for aircraft simulation and training, in firefighting, and in sports applications. HMDs will find numerous applications across different domains including automotive prototyping, digital printing, and data storage applications during the forecast period. Factors like these will propel the growth of the market.”
According to the report, increasing demand for lightweight HMDs will be a key driver for market growth. There is a significant demand for lightweight HMDs compared with conventional HMDs, which are bulky in nature and also creates certain health issues regarding eye sight and headache. Users in the gaming market, who continuously play for hours or a soldier using HMDs for long hours in training prefer a lightweight HMD as compared to a heavier one.
Further, the report states that one of the major issues interfering with the adoption of HMDs is the large size of optics, which affects the visibility of users. In addition, there are other issues related to human interface such as weight. This has compounded the existing technical problems, threatening market growth. The inability of market vendors to find a solution to these issues will pose a major challenge for the growth of this market.
BAE Systems, Cinoptics, Elbit Systems, Kopin, Oculus VR, Rockwell Collins, Seiko Epson, Sensics, Sony, Thales, Trivisio Prototyping, Vuzix, Apple, Avegant, Beijing ANTVR Technology, Carl Zeiss, Google, HTC, Microsoft, Optinvent, Samsung Electronics, Shoogee, Vrizzmo.