Head Mounted Display Market Competitive Strategies And Forecasts, 2014 To 2020

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Future Market Insights (FMI), with sharp focus on emerging technologies, delivers key insights on Global Head Mounted Display market in its recent report titled “Head Mounted Display Market - Global Industry Analysis and Opportunity Assessment 2014 - 2020”. The report indicates that the global head mounted display market is expected to expand at a significant CAGR of 59.4% during the forecast period. Growing need of high-tech products in the applications such as defence, aviation, and military is expected to drive the growth of the global head mounted display market. Advanced microdisplay technologies, demand for improved video gaming and entertainment experience, and developments in virtual and augmented reality are some of the trends driving the global head mounted display market in the near future. The global head mounted display market is segmented on the basis of product, application, components, and region. By product type, the global head mounted display market is segmented into helmet mounted display and eye wear display. Helmet mounted display segment accounted for more than 55% of the global head mounted display market share in 2014; however, this is expected to decrease by 690 BPS by 2020. By application type, the global head mounted display market is segmented into defence, aviation, military, augmented and virtual reality, industrial, video gaming and entertainment, research and development, and training and simulation. Among all the applications, defence, aviation, and military applications all together dominated the global head mounted display market in 2014, accounting for over 40% of overall market share. Industrial along with augmented and virtual reality applications are expected to witness a significant growth rate over the next five years. However, the video gaming and entertainment segment is anticipated to exhibit the fastest CAGR of more than 66% during the forecast period, followed by the augmented and virtual reality. In terms of components, the global head mounted display market is segmented into microdisplay, goggle, head tracker, camera, connectivity, combined mirror, control unit, Helmet, battery, and accessories. Among these, the microdisplay segment accounted for overone third market share of the total HMD component market in 2014, followed by head tracker, controller, and goggle. Browse report of Head Mounted Display Market - Global Industry Analysis and Opportunity Assessment 2014 - 2020: http://www.futuremarketinsights.com/reports/details/global-head-mounted-display-market