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Research and Markets has announced the addition of the "Head-Mounted Display Market by Component, Application, Product, Technology, and Geography - Global Trend and Forecast to 2020"report to their offering.
The global head-mounted display market is expected to reach USD 15.25 billion by 2020, growing at a CAGR of 49.1% between 2015 and 2020. Among all the applications, the market for entertainment is expected to grow at a highest CAGR rate of 59.2% during the forecasting period reaching a value of USD 2.19 billion by 2020.
Head-Mounted display (HMD) is a type of display device which is worn or mounted on the users head. It has a small display optic near to eye, which projects virtual and augmented environment in front of wearer's eye. This report on the head-mounted display market is aimed towards analyzing the major industry applications such as aviation & tactical, engineering, medical, training & simulation, and entertainment segments for the same.
The factors driving the head-mounted display market are reducing prices of microdisplays, and increasing trend of patent filings related to HMD and augmented reality technology; whereas, limited battery life and image latency may act as a restraint to the growing market.
This report also describes the drivers, restraints, opportunities, and challenges pertaining to the head-mounted display market, besides analysing the current market scenario and forecasting the market till 2020. Furthermore, the report comprises the analysis of market dynamics during the forecast period, Porter's Five Force analysis, and the current competitive scenario along with the key market players.