Head Mounted Display
Market -Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 – 2019, the report by Transparency Market Research
provides valuable insights about the global head mounted display
market along with a smart analysis of current market trends and the
future scope for this industry.
Browse the full Head
Mounted Display Market Report at
http://www.transparencymarketresearch.com/head-mounted-displays.html
According to the
report, the global head mounted display market was valued nearly at
USD 342.7 million in 2011. The report states that this market could
grow at a CAGR of 55.3% from 2013 to 2019, the forecast period of the
report, and achieve market value worth USD 9,275.4 million by 2019.
Head mounted
displays (HMD), the digital display devices that can be worn on head,
with the imaging technology, the computing device and the associated
optics located near the eye, provides an excellent feeling of
immersion of the visual data with 3D stereoscopic depth. Such devices
present huge scope of improvement in the field of augmented realty.
According to the
report, the major growth in this industry is expected due to rising
demands for smart and portable wearable electronic devices from the
consumer market. This can be attributed to the rapid improvement seen
in this industry in the past few years, resulting in the production
of devices with superior capabilities in the most compact form
possible.
In addition to this,
the rising adoption of technology in the global healthcare industry
is also considered an excellent growth factor for this industry
during the forecast period. HMD devices can benefit the healthcare
industry significantly by their effective involvement in surgeries
and many other medical practices. The industry of automotive
prototyping, i.e. the field of virtual designing of automobiles and
the potential applications in the field of cloud computing could also
benefit the global HMD industry.
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Press Release report :
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Product-wise, the
segment of helmet mounted displays accounted for major share of
revenues collected by this market, an estimated 58%, in 2012.
According to the report, however, the segment of wearable glasses
could surpass market share of the helmet mounted display devices
during the forecast period.
End-user wise, the
segment of defense services held the highest market share of the
global HMD market. This market had an estimated market value of
nearly USD 319.3 million in 2012. During the forecast period, the
segment of consumer market is estimated to observe the highest
growth, at an estimated CAGR of 71.8%.
Application-wise,
the segment of training and simulation is the largest share holder of
this market and valued nearly USD 421.6 million in 2012.
Geographically,
North America held the highest market shares in 2012. During the
forecast period, however, the region of Asia Pacific could observe
the fastest growth, at an estimated CAGR of 60.7%.
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