Aerospace Helmet Mounted Display Market To Observe Exceptional Growth With A 12.36% CAGR

Pune, India, July, 2018 /press release/- Market Research Future Published a Cooked Research Report on Global Aerospace Helmet Mounted Display Market Research Report.

Helmet mounted displays HMDs are usually used in various applications in the aerospace industry. They aid significantly in making available a considerable array of critical information right to the headpiece worn by the pilot. Information such as targeting, aircraft performance information, such as airspeed and altitude, is directly relayed to the pilot so as to make critical decision with all the required data. The equipment enables pilots particularly in combat aircrafts to access data without taking their eyes off the skies and spending critical time struggling with physical controls or a touch interface. The market for aerospace helmet mounted display is expected earn revenues worth USD 2,175.4 Million while growing at a CAGR of 12.36 percent in the forecast period from 2018 to 2027.

Dynamics of the market such as growing adoption of AR technology in the aviation sector and rise in military expenditure, together with the escalating demand for combat aircrafts, are the main driving factors for aerospace helmet mounted display. Meanwhile, issues related to cognitive tunneling and amplified use of drones are hindering the market’s growth. However, the altering nature of contemporary warfare from being weapon-centric to technology-centric is offering encouraging growth prospects to the market. Incorporation of night vision systems and emphasis on developing lightweight systems is the major trend dominant in the market. In the past decade, operation, research & development, and future considerations for AR technologies have been increasing throughout the aviation industry globally. They are changing the way the industry functions from navigation and training which also includes in-flight entertainment. However, the application of AR technology in this market is expected to open up new avenues for the growth of the market.

The alteration in the nature of warfare with increased the usage of advanced technology is a key determinant for the success rate of military missions. As a result, the defense authorities around the globe are concentrating on procuring various equipment such as helmet-mounted displays which improve the pilot’s line of sight to the aircraft, permitting continuous viewing of the external environment while keeping a watch over the aircraft status. The potential of the technology and growing defense budgets around the world are anticipated to further fuel the development of the market in the duration of the forecast period.

Segmental Analysis

The segmental analysis of the market is based on component, technology, and application. On the basis of component, the market has been segmented into sensor, display, controller, processor & memory, lens, and others. Among these, the display segment currently accounts for the chief market share and is expected to be highly lucrative through the assessment period. The advanced vision, which enables high-resolution images and 3D viewing in the helmet mounted display is an important feature driving its demand in the forecast period.  The technology based segmentation of the market has been segmented into augmented reality, virtual reality and conventional. The augmented & virtual reality segment is the most rapidly developing segment in the market for aerospace helmet mounted display as it relays information related to the horizon, airspeed, altitude etc. While, conventional technology is the biggest segment as it significantly reduces workload, enhances the pilot’s response time, and improves their ability to complete missions successfully. The application segment consists of non-military and military. The military segment is the largest segment of market on the basis of application for aerospace helmet mounted displays deployed in the military sector by pilots of fighter, bomber and other combat (fixed and rotary wing) aircrafts.

Access Report @ https://www.marketresearchfuture.com/reports/aerospace-helmet-mounted-display-market-6044

Detailed

Regional Analysis

The regional analysis of the aerospace helmet mounted display market observes that the North American region is the leader in terms of global military expenditure and technological advancements and thus, produces a very high demand for the helmet mounted display market. Though, Canada makes some investments in the development of advanced equipment such as these, yet the market is chiefly reliant on the U.S. In addition, the growing military spending by the U.S. Department of Defense (DOD) on developing tactical equipment, in the recent years, has resulted in the market observing a substantial surge in demand, in this region. The Asia Pacific region is the next leading regional market. In the recent years, countries in this region have been susceptible to extremist and insurgent threats as well as territorial disputes. There also been an escalation in the number of conflicts in the India-China border alongside the Indian Ocean, the Himalayas, and the South China Sea. It has caused the deployment of large battalions of troops to such regions, to dissipate the rise in cross-border activities. The Asia Pacific region which is a developing region for the basic aerospace helmet mounted display has added benefits such as the latest technological security equipment, skilled employees, and organization structure.

Competitive Analysis

The development of aerospace helmet mounted display in an emerging market is a crucial focus area for players as the demand for more real and application-specific aerospace helmet mounted display market carries on its growth. The players in the market are applying a strategy of diversification and concentrating on growing its service offerings. It is crucial for these players to offer cost effective and customized products to prosper in the competitive market setting. However, companies are continuing their emphasis on the implementation of innovative growth strategies to gain a better foothold in the market on an international level. Kopin Corporation, BAE Systems, ASELSAN A.Ş, Thales Group, Elbit Systems Ltd., Rockwell Collins, Microsoft Corporation, Harris Corporation, L-3 Technologies Inc., and Raytheon Company