ALBANY, N.Y.--(BUSINESS WIRE)--In the latest market study offering by Transparency Market Research (TMR), the global head mounted display market is projected to rise at a whopping 45.20% CAGR from 2014 to 2022. The report, titled “Head Mounted Display (Helmet Mounted Display, Wearable Computing Glasses) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”, states the market will be valued at US$20.4 billion by 2022, increasing from US$0.4 billion in 2012.
Browse Research Report: http://www.transparencymarketresearch.com/head-mounted-displays.html
In current times, increasing demand for lightweight portable computing devices, which are favored by consumers, is primarily driving the global head mounted display market. Advancement in display technologies, culminating in the advent of superior capabilities such as high resolution and 3D viewing, has been the reason for the increasing demand for head mounted displays from the consumer segment.
In addition, increasing use of head mounted displays in medical practices such as surgeries and dental treatments will have a positive impact on the revenue of this industry. Furthermore, the use of head mounted displays for virtual design automotive prototyping and cloud computing will open new growth prospects for the market in the years to come.
By product, in 2013, helmet mounted display was the leading product segment, accounting for 60% of the total market. However, wearable computing glasses are slated to surpass the demand for the helmet mounted display product segment for the forecast period. This is mainly attributed to the increasing inclination for lightweight head-worn displays among users.
By end use, in 2013, the defense service segment contributed the largest revenue to the overall market, which was totaled at US$483.2 mn. However, it is the consumer market segment that will display the fastest growth, at a CAGR of 53.20% between 2014 and 2022.
Browse Market Research Article: http://www.transparencymarketresearch.com/article/head-mounted-displays.htm
Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.