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Market Insight- Global Head Mounted Display (HMD) Market

Market Overview

A head-mounted display is an electronic wearable device, mounted on a head that includes a small display optic near the eye. The display optic projects a virtual environment in front of the user’s eyes. The screens used in the head-mounted display are liquid crystal displays (LCDs) since they are compact, efficient, and lightweight. HMD finds applications in a variety of industries including military, gaming, medical, sports, training and simulation, engineering, etc. The virtual reality headsets used in gaming and other applications are HMDs combined with inertial measurement unit (IMU). Furthermore, optic head-mounted display (OHMD) is a wearable display that can reflect projected images and enables the user to see through it.

The global head mounted display (HMD) market is estimated to account for US$ 7.2 Bn in 2019 and is expected to grow at a CAGR of 38.6 % over the forecasted period 2019-27.

Market Dynamics- Drivers

  1. Increasing expenditure on defense equipment and personnel are expected to drive growth of the global head mounted display (HMD) market during the forecast period

Many countries around the world including Brazil, India, Russia, and China have started investing heavily in military and defense infrastructure and related products. Moreover, these countries are laying emphasis on importing electronic products from countries such as France, Germany, and the U.S. For instance, in 2014, Brazil entered into an agreement with Saab AB to buy its JAS-39E/F –X2Gripen over Rafael, Super Horne with HMD-enabled technology. Furthermore, in 2012, BAE Systems received an order for remote eyepiece display imagers from the U.S. Army. Hence, high expenditure on defense equipment is expected to support growth of the market in the near future.

  1. Rising consumer preference for sophisticated wearable devices is expected to propel the global head mounted display (HUD) market growth over the forecast period

Increasing purchasing power of individuals in many developed countries including the U.S., Germany, Canada, and the U.K. combined with rising preference of consumers for sophisticated high tech wearable devices is expected to boost the demand for wearable devices in the near future. Moreover, growing awareness among consumers regarding benefits of wearable electronic devices such as fitness bands and other activity trackers is expected to boost the global head mounted display (HUD) market growth over the forecast period. According to Coherent Market Insights’ analysis, the global wearable electronics market is expected to increase at a CAGR of over 36% by 2020.

North America region dominated the global head mounted display (HMD) market in 2019, accounting for 33.4% share in terms of value, followed by Europe and Asia Pacific, respectively.

Head Mounted Displays (HMD)  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. High price associated with wearable products is expected to hamper the global head mounted display (HUD) market growth over the forecast period

Although HMD wearables offer lucrative features, the prices of these devices are significantly high and not affordable for consumers from emerging economies such as India, China, and Brazil. Moreover, head mounted displays are made with high-end technologies and delicate components such as LCD screen, which increases their price significantly. Therefore, high price associated with HMDs is expected to hamper the market growth over the forecast period.

  1. Low consumer awareness in emerging economies is expected to hinder to global head mounted display (HUD) market growth over the forecast period

Lack of consumer awareness regarding various features offered by HMDs is different applications, especially in emerging regions such as Latin America and Middle East & Africa is the major restraining factor. Moreover, HMDs are relatively more popular in military and defense applications as compared to consumer electronics. Hence, these factors are expected to hinder the global head mounted display (HMD) market growth over the forecast period.

Market Opportunities

  1. Integration with healthcare and fitness devices can present lucrative growth opportunities

The demand for wearable devices such as bands, eyewear, and smart-watches is expected to increase significantly in the near future. Key players in the market are can integrate head mounted displays with wearables and capitalize on untapped market potential. For instance, Samsung Gear Live is a wearable device that monitors heart rate and has attractive appearance. Moreover, Samsung Gear Fit is a fitness version of Samsung Gear and Integrated Mobile S Health Partner.

  1. Rising applications in the entertainment sector can pose major business opportunities

Video gaming and entertainment sectors have registered high demand for HMDs in the recent past. Increasing consumer interest in entertainment is a major factor driving growth of the eyewear display market. Moreover, companies such as Google, Sony, and Oculus VR have launched products for consumer entertainment purposes.

Head Mounted Displays (HMD)  | Coherent Market Insights

Source: Coherent Market Insights

In global head mounted display market, by application segment defense, aviation, & military sub-segment dominated the global head mounted display (HMD) market in 2019, accounting for 30.5% share in terms of value, followed by industrial sector and augmented and virtual reality.

Head Mounted Displays (HMD)  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. North America Trends

High presence of key manufacturers

The semiconductor and wearable electronics market in North America has matured enough so that it can drive growth of the regional head mounted display market. North American information technology, electronics, semiconductor, and automation companies are introducing innovative HMD technologies in order to maintain a competitive edge in the industry. Furthermore, some of the major players in the IT industry and social networking sites are focused on investing in head-mounted displays. For instance, in 2014, Facebook acquired Oculus VR to enter the consumer electronics segment.

Rapid growth of healthcare industry

Rapid growth of healthcare industry in North America has resulted in increased use of head-mounted displays in the region for accurate and safe decision-making in medical treatment and healthcare. Healthcare professionals in the U.S. use Google Glass to track patient health records in hospitals. Moreover, Google Glass is expected to find applications in treatment for autism and various other fields including healthcare and medical research.

  1. Latin America Trends

High growth of electronics industry

The consumer electronics industry in Brazil is expected to witness high growth in the near future, owing to active support from the government. Rising demand for navigation-based displays in the region is expected to boost the regional HMD market. Furthermore, growing semiconductor industry in Lain America is attracting global players in the semiconductor industry to expand their business into the region.

Strong support from government

The Brazilian government is actively supporting the electronics industry by providing tax incentives for domestic production of electronic products. Moreover, Brazil government’s ‘Padis’ program focuses on supporting technological developments in the semiconductor industry and advanced technical developments in integrated circuits and assembly-related tasks.

Competitive Section

Key players operating in the global head mounted display (HMD) market are Sensics Corporation, Sony Corporation, Recon Instruments, Kopin Corporation, Thales Visionix, Inc., Oculus VR, Rockwell Collins, Inc., eMagin Corporation, Google Inc., Lockheed Martin, Japan Display Inc., and Seiko Epson Corporation.

Key Developments

  1. Major companies in the market are focused on partnerships and collaborations, in order to enhance the market presence. For instance, in October 2018, Kopin Corporation partnered with Endopodium to develop high resolution wearable displays for medical and surgical applications.
  2. Key players in the market are involved in agreements and contracts, in order to gain competitive edge in the market. For instance, in September 2019, Lockheed Martin entered into a US$ 352.6 million contract with the U.S. Department Defense to sell Generation 3 helmet mounted displays for F-35 jets.

A head-mounted display is an electronic wearable device, mounted on a head that includes a small display optic near the eye. The display optic projects a virtual environment in front of the user’s eyes. . The screens used in the head-mounted display are liquid crystal displays (LCDs) since they are compact, efficient, and lightweight. Moreover, LCDs provide better screen resolution and brightness. HMDs are majorly used in various applications including military, gaming, medical, sports, training and simulation, engineering, etc. Currently, optic head-mounted display (OHMD) is a wearable display that can reflect projected images and enables the user to see through it.

Market Dynamics

Rapidly expanding the semiconductor and electronics industry is driving growth of the global wearable electronics market, which is indirectly boosting global HMD market growth. Increasing developments in display technology have resulted in the use of OLEDs for producing lightweight and flexible displays for HMDs. Moreover, HMD have multiple application in healthcare, defense, aviation, and military, industrial, etc owing to which the demand for HMD is expected to grow during the forecasted period. For Instance, Google offers Google Glass with integrated features such as Google translator, Google maps, etc., and offers various supporting features such as clicking images, recording videos, messaging, information sharing, etc. Moreover, Google Glass is also integrated with SHORE (Sophisticated High-Speed Object Recognition) software to treat autism. Considering these factors the market for global head-mounted display is expected to grow during the forecasted period 2019-27.

Market Taxonomy

This report segments the global head-mounted displays (HMD) market on the basis product type Helmet Mounted Display, Eye Wear Display. On the basis of Component Helmet Mounted Display (Micro-Display, Head Tracker, Camera, Connectivity, Combined Mirror, Control Unit, Helmet and Accessories) and  Eye Wear Display/Glass (Micro-Display, Goggle, Head Tracker, Controller, Connectivity, Battery and Accessories)). On the basis of Application Defense, Aviation, & Military, Industrial Sector, Augmented & Virtual Reality, Research & Development, Healthcare, Video Gaming & Entertainment, Training & Simulation and Others, and by Geography North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global head-mounted displays (HMD) market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global head-mounted displays (HMD)market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key players operating in the global head mounted display (HMD) market are Sensics Corporation, Sony Corporation, Recon Instruments, Kopin Corporation, Thales Visionix, Inc., Oculus VR, Rockwell Collins, Inc., eMagin Corporation, Google Inc., Lockheed Martin, Japan Display Inc., and Seiko Epson Corporation.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global head-mounted displays (HMD) market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Head-mounted displays (HMD) market.

Detailed Segmentation:

  • Global Head-mounted displays (HMD) Market, By Product:
    • Helmet-Mounted Display
    • Eyewear Display
  • Global Head-mounted displays (HMD) Market, By Component:
    • Helmet-Mounted Display
      • Micro-Display
      • Head Tracker
      • Camera
      • Connectivity
      • Combined Mirror
      • Control Unit
      • Helmet
      • Accessories
    • Eyewear Display
      • Micro-Display
      • Goggle
      • Head Tracker
      • Controller
      • Connectivity
      • Battery
      • Accessories
  • Global Head-mounted displays (HMD) Market, By Application:
    • Defence, Aviation & Military
    • Industrial Sector
    • Augmented & Virtual Reality
    • Research & Development
    • Healthcare
    • Video Gaming & Entertainment
    • Training & Simulation
    • Others
  • Global Head-mounted displays (HMD) Market, By Geography:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Sensics Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Sony Corporation
    • Recon Instruments
    • Kopin Corporation
    • Thales Visionix, Inc
    • Oculus VR
    • Rockwell Collins, Inc
    • eMagin Corporation
    • Google Inc
    • Lockheed Martin
    • Japan Display Inc
    • Seiko Epson Corporation

*Browse all the market data tables and figures on "Global Head-mounted displays (HMD) Market - Forecast to 2027”

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By Component
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Head Mounted Display (HMD) Market, By Product, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Helmet-Mounted Display
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Eyewear Display
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. Global Head Mounted Display (HMD) Market, By Component, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Helmet-Mounted Displays
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • Micro-Display
        • Head Tracker
        • Camera
        • Connectivity
        • Combined Mirror
        • Control Unit
        • Helmet
        • Accessories
    • Eyewear Displays
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • Micro-Display
        • Goggle
        • Head Tracker
        • Controller
        • Connectivity
        • Battery
        • Accessories
  6. Global Head Mounted Display (HMD) Market, By Application, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Defence, Aviation & Military
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    •  Industrial Sector
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Augmented & Virtual Reality
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Research & Development
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Video Gaming & Entertainment
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Training & Simulation
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  7. Global Head Mounted Display (HMD) Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Sensics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sony Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Recon Instruments
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kopin Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Thales Visionix, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Oculus VR
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rockwell Collins, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • eMagin Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Google Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lockheed Martin
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Japan Display Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Seiko Epson Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on "Head Mounted Display (HMD) Market - Global forecast to 2027”.

Frequently Asked Questions

The global head mounted display (HMD) market is estimated to account for US$ 7.2 Bn in 2019.
Major players operating in the global head mounted display (HMD) market include Sensics Corporation, Sony Corporation, Recon Instruments, Kopin Corporation, Thales Visionix, Inc., Oculus VR, Rockwell Collins, Inc., eMagin Corporation, Google Inc., Lockheed Martin, Japan Display Inc., and Seiko Epson Corporation.
High price associated with wearable productsis one of the major factors that is expected to hamper growth of the market over the forecast period.
Rising consumer preference for sophisticated wearable devicesis one of the major factors that is expected to propel growth of the market over the forecast period.
Among application, defense, aviation, & military segment is expected to hold dominant position in the global head mounted display (HMD) market in 2019, accounting for 30.5% share in terms of value, followed by industrial sector and augmented & virtual reality, respectively.
Among regions, North America is expected to hold dominant position in the global head mounted display (HMD) market in 2019, accounting for 33.4% share in terms of value, followed by Europe and Asia Pacific, respectively.
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