Last updated on April 24, 2014 at 17:35 EDT

Global Head Mounted Display Market is Expected to Reach USD 9,275.4 Million in 2019: Transparency Market Research

September 11, 2013

ALBANY, New York, September 11, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research “Head
Mounted Display Market -Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 – 2019,” the market was valued at USD 342.7 million in 2011, and

is expected to reach USD 9,275.4 million by 2019, growing at a CAGR of 55.3% from 2013
to 2019.

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Increasing demand from consumer market segment is a major driving force for the growth
of the Head Mounted Display (HMD) market. This is mainly due to the advancements in
display technologies providing superior capabilities such as 3D viewing and high
resolution to the end-users. In addition, inclination of users towards compact, portable
computing devices and advancements in healthcare industry are expected to have positive
impact on HMD demand over the forecast period. This can be attributed to the increasing
use of HMDs by the medical community in different types of surgeries and other medical
practices. The use of HMDs in automotive prototyping i.e. in virtual designing of a car
and in cloud computing is expected to open new opportunities for HMD.

Among all the product types, helmet mounted displays accounted for around 58% of the
overall HMD revenue in 2012. However, wearable glasses HMD are expected to surpass the
helmet mounted display market in the near future. This is mainly due to the demand for
light-weight head-worn display devices. In terms of end-use, the defense service segment
held the highest market share, and was valued at USD 319.3 million in 2012. The consumer
market segment is expected to grow at the highest CAGR of 71.8% from 2013 to 2019.
Training and simulation is the largest application area of HMDs and was valued at USD
421.6 million in 2012. North America was the market leader in 2012, and Asia Pacific is
expected to be the fastest growing region, with an expected CAGR of 60.7% from 2013 to
2019. This is mainly owing to the increasing demand from medical and consumer market
segments in the region.

The global HMD market is highly fragmented and competitive. Major industry
participants include eMagin Corporation, Sony Corporation, Kopin Corporation, Rockwell
Collins, Vuzix Corporation, Seiko Epson Corporation, BAE Systems Plc, Elbit Systems Ltd.,
and Universal Display Corporation among others.

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Market estimates on the basis of end-use and product type have also been provided for
each region. The market has been segmented as follows:

          i) Head Mounted Display, by End-use
          ii) Defense
          iii) Air Force
          iv) Military
          v) Navy
          vi) Consumer market
          vii) Video gaming
          viii) Augmented reality
          ix) Virtual reality
          x) Others
          xi) Automation
          xii) Medical practices
          xiii) Safety practices
          xiv) Sports
          xv) Others (police force and design)
          xvi) Head Mounted Display Market, by Type:
          xvii) Helmet Mounted Display
          xviii) Wearable glass
          xix) Head Mounted Display Market, by Component
          xx) Goggles
          xxi) Relay Optics
          xxii) Control Unit
          xxiii) Accessories
          xxiv) Head Tracker
          xxv) Battery
          xxvi) Computing
          xxvii) Pico Projectors Technology
          xxviii) Digital Light Processing
          xxix) Liquid Crystal on Silicon
          xxx) Laser Beam Steering
          xxxi) Others
          xxxii) Head Mounted Display Market, by Application
          xxxiii) Security
          xxxiv) Training and simulation
          xxxv) Tracking
          xxxvi) Imaging
          xxxvii) Head Mounted Display Market, by Geography:
          xxxviii) North America
          xxxix) Europe
          xl) Asia Pacific
          xli) Rest of the World (Latin America, Middle East and Africa)

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research techniques in developing distinctive data sets and research material for business

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