The
global head mounted display market which in the year 2011 was valued
at US$324.7 million is expected to grow at a healthy CAGR of 55.3%
thereby reaching a value worth US$9275.4 million by the year 2019. A
head worn display device that consists of a small display optic in
front of either each eye or even just one eye is known as head
mounted display. A virtual environment appears in front of the
wearer’s eye via the display optic. The overall display experienced
by the user improves with the help of this device due to the presence
of immersive displays and non-immersive displays.
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Communication
and navigation technologies like Dedicated Short Range Communication
(DSRC) and Global Positioning System (GPS) are generally used for
bettering the monitoring and guidance systems in head mounted
display. Head mounted displays these days are efficient in terms of
speed and weight and they provide a range of services like
navigation, internet access, GPS, and interface for smartphones. The
growth of the head mounted display market can be attributed to
greater technological advancements.
Global
Head Mounted Display Market - Segmentation and Application
Fundamentally,
the global head mounted display market is segmented into two main
categories which are “look at” head mounted displays and
“see-through” head mounted displays. The former enables the
wearer to see the computer generated image which is projected by the
head mounted displays, whereas, the latter creates the superimposed
version of the computer generated image. Interestingly, the
“see-through” head mounted displays create superimposed computer
generate images that are set against a real world setting. However,
the global head mounted display market is segmented on the basis of
applications, components, products, end-use, and geography.
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Head
mounted displays are mostly applied in areas like imaging, security,
tracking, training and simulation. On the basis of components, the
global head mounted display market is segmented into Pico projector,
goggles, computing, relay optics, battery, control unit, head
trackers, control unit, accessories, and other components which
include microdisplays, controller, combined mirror, and helmet. Based
on products, this market is classified into helmet mounted display
and head mounted computing/wearable glass. On the basis of end use,
the global head mounted display market is categorized into the
consumer market, defense services, and others which basically
includes sports, automation, safety services, design, medical
practices, and police force.
Global
Head Mounted Display Market – Market Drivers, Regional Analysis,
and Key Participants
The
global head mounted display market is driven by rising demand for
portable, compact, and wearable computing devices that have led to
the comeback of head mounted displays. It is anticipated that in the
forthcoming years, this market will be fueled by higher penetration
of head mounted displays in the consumer markets along with lower
prices of constituents like microdisplays. Microdisplays refer to one
of the many components within the Near-To-Eye devices that along with
the optic system provide high quality and magnified image.
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Geographically,
the global head mounted display market is segmented into North
America, the Asia Pacific, Europe, and Rest of the World. Due to high
demand for wearable computing devices in the region, and greater
technological developments, the global head mounted display market in
2012 was led by North America. It is however expected that this
market will be dominated by the Asia Pacific in the forthcoming years
owing to high demand from the medical services market and the
consumer market. Also, as per industry estimates, the consumer market
segment in the global head mounted display market will witness robust
growth in the years to come. Rising demand for these devices can be
attributed to improved display technologies with high resolution, and
3D view.
The
prominent players operating in the global head mounted display market
are Kopin Corporation, Sony Corporation, Vuzix Corporation, Universal
Display Corporation, Thales Group, Sensics, Inc., Rockwell Collins,
Inc., NEC Corporation, Forth Dimension Displays, Seiko Epson
Corporation, eMagin Corporation, Elbit Systems Ltd., and BAE Systems
Plc.
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