Head Mounted Display is a
light weight device worn or mounted on users head and has asmall
display optic near eye. The display optic projects virtual
environment in front of wearer’s eye. The Head
Mounted Display can reflect projected view or see through
view.(Allow real world view along with superimposed computer
generated images).
HMD market is segmented into
two broad categories namely ‘helmet mounted display’ and ‘eye
wear display’. The ‘helmet mounted display’ is mounted around
the complete head and are most applicable for high end aviation,
defense and military usage. On the hand, ‘eye wear display’ is
light weight goggle like device that user can be wear on eye. Eye
wear displays are light weight as compared to helmet mounted
display.The global eye wear display shows impressive growth in resent
few years due to its popularity for being portable, lightweight and
compact.
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The Global HMD market is
estimated to value at US$ 887.1 Mn in 2014 and expected to reach
13167.5 Mn by 2020, reflecting a CAGR of 59.4% during forecast
period.
Fig 1. Global HMD Market Value
Share %, by product type, 2014 and 2020
Helmet Mounted Display market
was valued US$ 506.5 Mn in 2014 with 57.1% market share. Eye wear
display market is expected to grow with a higher growth rate as
compared to head mounted display market.
The factors that fuel the
penetration of head mounted display in consumer market is result of
declining prices of components like microsdisplays in global market.
Microdisplay is a basic component which is coupled with display optic
system embedded in both helmet mounted displays and eye wear displays
for providing enlarged, high quality image in front of wearer’s
eye. Use of HMDs for virtual augmented reality, Video gaming &
entertainment, R&D and Healthcare provides a sound opportunity
for the growth of HMD market.
At Present North America is
dominating global HMD market in 2014, which is characterized by
technological advancements bought by increasing demand for wearable
computing devices in this region. The HMD market of Asia Pacific
totaled at USD 79.8 million in 2014, and is expected to be the
fastest growing market within the forecast period. Increasing demand
from consumer market and medical services is flourishing growth for
this region.
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Video gaming &
entertainment market is projected to show the fastest growth within
the forecast period from 2015 to 2020. Technological advancements in
display like high resolution and 3D video display with superior
augmented video capabilities are primarily responsible for the
expected increase in demand for these devices. The defense, aviation
and military sectordominated the HMD market in 2014 owing to the
increasing adaption of HMD enabled devices for the purpose of
simulation, training, security, monitoring and tracking not only be
developed countries but also by developing countries like India,
China and Brazil. In terms of type of product, helmet mounted
displays dominated the total HMD market in 2014. However, increasing
user preference for light weight head-worn display devices will tend
to exceed the growth rate of eye wear display market as compared to
helmet mounted displays within forecast period.
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