Aerospace Helmet Mounted Display Market to Encounter Countless Growth Opportunities – Global Forecast 2023

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Global Aerospace Helmet Mounted Display Market Report Information by Technology (Augmented reality, Virtual reality), Application (Military, Non Military), Component (Processor & Memory, Controller, Sensor, Display, Lens, Others), and by Region - Forecast Till 2027

Market Snapshot

The global aerospace helmet mounted display market size was valued at little under USD 700 Mn in 2017 and is likely to surpass a USD 2,170 Mn by the year 2027. Helmet mounted display (HMD), a sophisticated technology is primarily gaining traction in sectors such as aerospace and defense.  The increased level of emphasis placed on in-flight safety coupled with the advances made in pilot assistance technologies has favored the global market for aerospace helmet mounted displays. Pilots use HMD for improving situational awareness and enhancing the image of the scene. These displays also find a broad range of military applications particularly in fighter-jet units, as helmet-mounted sight and display is vital in combat situations. Modern HMDs are compact and highly efficient. Besides, constant efforts to improve product design is provisioning the development of more advanced HMDs that will assist pilots in multiple ways during hectic flights.

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Report Overview

This MRFR market perspective delivers an unbiased commentary on the global market landscape for aerospace helmet mounted display. It includes discussion on historical growth analysis, current market trends and revenue projection for the next nine years until 2027.  An in-depth analysis of the key macro and micro-economic factors is also available in the research document. The scope of the discussion also covers the aerospace HMD components such as display, controller, sensor, processor & memory, and lens. Revenues analysis on the basis of different HMD technologies is presented as a part of the research, which covers conventional technology and augmented & virtual reality. A revenue analysis on the basis of both military and non-military application scopes is also conducted. All the sub-markets mentioned in the research document are profiled under five major regions – North America, Europe, Asia Pacific, Latin America and the Middle East & Africa (MEA), with the respective country-level market sizes. 

Report Coverage:

The report on global aerospace helmet mounted display market report covers historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter's five forces analysis of the market.

Key Players

ASELSAN A.Ş, BAE Systems, Elbit Systems Ltd., Kopin Corporation, Rockwell Collins, Thales Group, Harris Corporation, L-3 Technologies Inc., Microsoft Corporation, and Raytheon Company

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Research Methodology

Market Research Future (MRFR) employs robust research approaches and fail-safe analytic algorithms for conducting in-depth analysis of large-scale commercial sectors and markets. The statistical observations derived are backed by data curated through primary and secondary research which includes interviews with top-level executives across the value chain (CEOs, Vice Presidents, Business Development Managers, etc.), SEC filings, paid database services, white paper references, and reports published by national and international organizations among others. Top-down and bottom-up approaches employed authenticate the accuracy of the estimated market valuations. A multi-layer verification process ensures the credibility of the insightful conclusions drawn in our reports. We emphasize on delivering a 360-degree outlook on market shifts, opportunities, and, threats to empower our clients in making informed decisions.

Regional Analysis

North America leads the global market for aerospace helmet mounted display primarily due to the high military expenditure made in this region and the high adoption of advanced technologies, particularly in the military. The U.S leads the region’s growth and has a high concentration of prominent market players who are supported by the government in their research and development activities to develop advanced technology for military applications. The region, which in recent years has seen several terrorist attacks has promoted increased spending on military and a surge in demand for advanced tactical equipment.

Meanwhile, the Asia-Pacific is both the second largest region and the fastest growing region in the global market. The region includes several countries with globally renowned armed forces which are commonly perceived as the major defense hubs of the Asia Pacific; China, India, and Japan have significantly increased their military expenses in the recent years and have a concentration of highly skilled individuals who work in the development of advanced security and tactical gear including helmet mounted display. Moreover, the high number of conflicts across borders of countries such as India and China are encouraging the use of such gear to offer an advantage in combat.

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