The head-mounted display projects virtual and augmented reality environment in front of wearer’s eye. It is worn or mounted on the users head, with a small display optic near to the eye. It enables users to efficiently interpret physical and digital information along with spatial relations between the same. Additionally, it offers digital prototypes with real-world environments to validate the design assumptions and/or identify potential concerns.
head-mounted-display-market
Head-mounted display products are expected to be used widely in aviation & tactical, engineering, and training & simulation environments. The head-mounted display market is expected to witness a huge growth in the next five years due to the increasing adoption of virtual, augmented, and mixed reality technologies in multiple applications. As the technology matures over time, head-mounted displays are expected to find application in new verticals and increased applications in the existing ones.
The major applications of head-mounted display market are in aviation & tactical, industrial, and training & simulation segments involving design, manufacture, and maintenance and inspection scenarios. In the maintenance and inspection environment, the information could be displayed as notes, next to the desired location, as if they were real physical labels. Furthermore, in the manufacturing environment, it can be used as a tool to evaluate the placement of new equipment or workstations inside the existing manufacturing units. The market for engineering application of the said technology is estimated to be worth USD 4,189.6 million by 2020, growing at a CAGR of 47.1% between 2015 and 2020.
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The North America region is estimated to dominate the head-mounted display market during the forecast period due to the wide usage of reality technologies in various applications and increasing presence of HMD companies in the US region. For instance, companies such as Recon Instruments, Kopin Corporation, Oculus VR, ODG Group, and Vuzix among others are offering various head-mounted display solutions for numerous applications in the U.S.
