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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.
Browse the full report with TOC at http://www.transparencymarketresearch.com/head-mounted-displays.html
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:
Browse all Chemical Industry Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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