Helmet Mounted Display (HMD) Market Expected to Grow at 12% CAGR Through 2023 : Application, Industry Chain Overview, SWOT Analysis and Competitive Landscape

Global Aerospace Helmet Mounted Display Market Report Information by Technology (Augmented reality, Virtual reality), Application (Military, Non Military), Component (Processor & Memory, Controller, Sensor, Display, Lens, Others), and by Region - Forecast Till 2023

Hadapsar, Pune, India - September 6, 2018 /MarketersMedia/ —

Aerospace Helmet Mounted Display Market Overview

The aerospace helmet mounted display avails the fighter pilots with secure flight experience by eliminating the distractions and providing advanced situational awareness for systematic navigation in dangerous situations. Market Research Future (MRFR) has published a report on the global aerospace helmet mounted display market asserting that the global market for aerospace helmet mounted display is expanding moderately with a steady CAGR of 12% during the forecast period (2018-2023).

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Market Drivers and Restraints:

The advantages of helmet mounted display, such as reduction of workload by enhancing the response time and projection of all the critical information on the helmet’s visor, are aiding the incorporation of helmet mounted displays in fighter aircrafts. The expansion of military and defense industry in developing economies is inducing demand for helmet mounted displays in the market which in turn is driving the global aerospace helmet mounted display market.

The government initiatives to implement technological advancements in military and defense sector is further propelling the expansion of the global aerospace helmet mounted display market. The incorporation of the virtual reality helmet mounted display for training purposes is also an important factor driving the global aerospace helmet mounted display market. The utilization of this technology for non-military purposes is thrusting the global aerospace helmet mounted display market towards higher verticals.

The specifications of the helmet mounted displays such as precision and field of regards that is the angular range for accurate measurements are generating demand for the helmet mounted display in military and non-military sectors, leading to the expansion of the global aerospace helmet mounted display market.

However, the high cost and complexities associated with the manufacturing and maintenance of the helmet mounted displays is likely to hamper the growth of the global aerospace helmet mounted display market.

Competitive Analysis:

The increasing investment for research and development and a shift in focus towards strategic mergers and acquisitions by the prominent players of the global market is triggering competition in the global helmet mounted display market. In May 2018, Thales Group has acquired the helmet mounted display and motion tracking businesses from Gentex Corporation. This combined group is now called ‘Thales Visionix.’

The key players in the global Aerospace Helmet Mounted Display Market are Sony Corporation (Japan), Oculus VR, LLC (U.S.), BAE Systems (U.K), Kopin Corporation, Inc. (U.S.), Recon Instruments, Inc. (Canada), Seiko Epson Corporation (Japan), Thales Visionix, Inc. (U.S.), Vuzix Corporation (U.S.), Samsung (South Korea), HTC Corporation (Taiwan), Microsoft Corporation (U.S.), and Elbit Systems Ltd. (Israel).

Market segmentation:

The global aerospace helmet mounted display market has been segmented on the basis of technology, application, and components.

Based on technology, the global aerospace helmet mounted display market is segmented into augmented reality and virtual reality. Among these, the virtual reality segment is anticipated to expand faster due to the increasing availability of low cost and lightweight virtual reality headsets and helmets.

By application, the global aerospace helmet mounted display market is segmented into military and non-military. By components, the market is segmented into processor and memory, controller, sensor, display, lens, and others. The display system is the vital factor for the helmet mounted displays as it consists of advanced vision that enables high resolution and 3D viewing.

Regional Analysis:

Geographically, the global aerospace helmet mounted display is segmented across five major regions such as North America, South America, Europe, Asia-Pacific and the Middle East and Africa. Among these regions, North America is anticipated to dominate the global aerospace helmet mounted display market owing to the large military and defense aircraft base and fast adoption of advanced technology in this region. Whereas, the Asia-Pacific region is anticipated to project fastest growth of the global aerospace helmet mounted display market during the forecast period due to the increasing demand for helmet mounted display by the military and defense sector of this region and availability of cheap labor with adequate proficiency for manufacturing these helmets in this region.

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Organization: Market Research Future
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Phone: 16468459312

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