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Tuesday, March 1, 2016

Head Mounted Display (HMD) Market Share, Analysis And Forecasts To 2020(Zuckerberg says 10 years for mass market VR but Lokesh here says any month now)

  • Helmet mounted displays accounted for over 60% of the head mounted display market in 2013; these products are expected lose market share due to growing popularity of wearable glass. They are expected to continue enjoying widespread use in defense applications over the next six years.
  • Defense accounted for over 70% of the head mounted display market in 2013, and is expected to remain the dominant end-use segment over the forecast period. HMDs prove highly efficient during training regimes and in locations with poor visibility. Increasing popularity of augmented and virtual reality is expected to drive the consumer segment over the next six years.
  • Training and simulation is expected to continue accounting for majority of the overall market through 2020. This is a result of the growing use of HMDs in medical as well as military training modules.
  • North America accounted for over 35% of the global HMD market in 2013; Asia Pacific is expected to exhibit high growth over the forecast period. Establishment of manufacturing facilities along with technology advancement due to the presence of Japan, South Korea and China is expected to fuel regional market growth.
  • Key companies operating in the market include eMagin Corporation, BAE Systems, Vuzix, Rockwell Collins and Seiko Epson. Major manufacturers have started developing products targeted at entertainment purposes; additionally, geographical expansion is expected to be a key growth strategy.

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