The Global Head-mounted Display market is to grow at a CAGR of 56.24 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of head-mounted displays in the Consumer Electronics industry. The Global Head-mounted Display market has also been witnessing an increasing number of augmented reality products. However, the high ownership cost of head mounted displays could pose a challenge to the growth of this market.
Head-mounted displays are finding several applications in various sectors. They are currently being used in sectors such as Defense and Aviation. In the Consumer Electronics sector, these displays are mainly used for gaming and entertainment purposes. In the Healthcare sector, they are used for telerobotic surgeries and for the treatment of psychological phobias. They are also being used for simulation and training, in firefighting, and in sports. It is expected that head-mounted displays will find numerous applications across domains including automotive prototyping, digital printing, and data storage applications. These factors are expected to foster growth in the market.
The Consumer Electronics sector has emerged as one of the major customer segments for head-mounted displays. The major application driving the demand in this sector is gaming. Gaming with head-mounted displays is emerging as the next-generation technology and this has influenced the growth of the Global Head-mounted Display market. Another major application which is expected to increase the adoption of head-mounted displays in the Consumer Electronics sector is entertainment. Head-mounted displays could also be used for viewing movies and videos. Thus, the increase in the number of applications can boost the adoption rate of head-mounted displays in the Consumer Electronics sector and foster market growth.
The key vendors dominating this market space are eMagin Corp., Kopin Corp., Forth Dimension Displays Ltd., and Thales Group. The other vendors mentioned in the report are BAE Systems plc, Innovega Inc., Sony Corp., Vuzix Corp., Vision Systems International LLC, NEC Corp., Silicon Micro Display Inc., Sydiant Inc., Elbit Systems Ltd., Seiko Epson Corp., Google Inc., Liteye Systems Inc., MicroOLED, NVIS Inc., Qualcomm Inc., Recon Instruments, Rockwell Collins Inc., Selex Galileo Ltd., Sensics Inc., Trivisio Prototyping GmbH, and Universal Display Corp.
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