Head Mounted Display (HMD) Market Expected To Reach USD 11,793.3 Million By 2020
The global head mounted display market is expected to reach USD 11,793.3 million by 2020, according to a new study by Grand View Research, Inc. Reducing silicon wafer costs have directly impacted microdisplay prices, which form a sizable percentage of the resultant HMD cost. As a result, declining microdisplay prices coupled with growing demand for wearable, lightweight devices are expected to be key driving forces for the HMD market. Defense services are a key contributor to global demand, wherein head mounted displays aid in security, imaging and tracking.
Head mounted displays offer high degree of mobility and computing power, which has led to increasing market penetration in the consumer sector. Growing demand from automotive prototyping is expected to be a key opportunity for industry participants. Lack of standardization resulting in design issues may restrain market growth over the next six years. This can be mitigated with the help of establishment of necessary guidelines for HMD production.
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Further key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global HMD market on the basis of product, end-use, application and region:
• HMD Product Outlook (Revenue, USD Million, 2012 – 2020)
• Helmet Mounted Display
• Wearable Glass
• HMD End-Use Outlook (Revenue, USD Million, 2012 – 2020)
• Augmented Reality
• Virtual Reality
• Video Gaming
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