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Aerospace Helmet Mounted Display (HMD) Market Rising at More than 12% CAGR with Global Key Companies - Microsoft, Sony, Samsung, HTC, Oculus VR, Kopin, Recon, Elbit Systems and Many Others(June 04, 2018)
Fighter pilots require advanced situational awareness while navigating dangerous situations. Helmet Mounted Display (HMD) technology is undergoing changes related to information display, by giving pilots all the critical information they need on the helmet’s screen. This will enhance the response time and will reduce the workload to improve the pilot ability to complete their missions successfully greatly.
This study provides an overview of the global Aerospace helmet mounted display market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Aerospace helmet mounted display market by its End-user, Technology, Application, Component, and Region.
The Aerospace Helmet Mounted Display Market is estimated to witness a CAGR of more than 12% during the forecast period from 2018 to 2023.
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On the basis of technology, this market is bifurcated into augmented reality HMDs and the virtual reality HMD. In the past few years, the overall display experience of users has improved because of the immersive and non-immersive display systems. Several navigation and communication technologies, such as Global Positioning System (GPS) and Dedicated Short Range Communication (DSRC) are used in aerospace HMD to improve the guidance and monitoring for the pilots. In augmented reality HMD segment, the display is usually transparent and digital information is superimposed onto real-life objects. These types of aerospace HMDs are known as an optical HMD. In virtual reality, the display is not transparent, and only virtual information and pictures are displayed in front of users’ eyes. Availability of low-cost virtual reality headsets, such as Samsung Gear VR and Google Daydream View, is helping fuel the growth of the market. The increasing number of new players in the market with offerings of headsets at low cost is one of the major reasons behind the wide adoption of virtual reality headsets in this market.
Based on the component segment, the display systems play a vital role in simplifying and presenting information in front of pilots. Nowadays, a display system consists of advanced vision, which enables high-resolution images and 3D viewing. A display system has a high impact in making aerospace helmets more efficient and user-friendly.
North America aerospace HMD market has made a major contribution to the global market and is expected to maintain a steady growth rate during the forecast period. Similarly, the display system market segment in Europe is expected to boost due to significant innovations in display technologies. The market in Asia Pacific is expected to emerge as a profitable region, owing to low production costs, low maintenance costs, and availability of cheap labor with adequate proficiency in the field.
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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).
Aerospace Helmet Mounted Display Market Research Analysis
Global helmet mounted display market share is moderately growing and is characterized by a high degree of competition among the leading players. These players adhere to significant merger and acquisition activities to gain a strong position in the industry by the expansion of business operations and enhancement of production capabilities. New entrants require strong research & development competencies and high capital investment to contest with the established players within dynamically changing technology. Major success factors contain a high degree of technical support and continuous innovation.
With respect to consumer acceptance, the global HMD market is still at a nascent stage. Vendors in the market are entirely focus on the development of fighter aircraft specific HMDs. The market is also characterized by the presence of a number of new players who have created a niche market through their innovations. In the coming years, the market will witness the entry of a greater number of startups, which will try to introduce HMDs that can be combined into their current products, thus, escalating the level of competition among vendors. The market will also witness an increase in the number of R&D investments and mergers & acquisitions, where established aerospace HMD companies will acquire small vendors to obtain new technologies and to increase their hold over the market. For example, in May 2018, Thales Group had acquired the motion tracking and helmet mounted display business from the company Gentex Corporation, at present known as Thales Visionix, Inc.
Therefore, the aerospace helmet mounted display market is estimated to witness a CAGR of more than 12% during the forecast period from 2018 to 2023.
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