Head Mounted Display (HMD) Market to Expand at 45.20% CAGR 2014-2022 thanks to High Demand for Lightweight HMDs
A new research report, titled “ Head Mounted Display Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”, from Transparency Market Research (TMR) states that the global head mounted display market is projected to expand at a remarkable 45.20% CAGR during the forecast period from 2014 to 2022. In 2012, the global head mounted display (HMD) market was worth US$430.4 mn and by 2022, the market is expected to be worth US$20.4 bn. The global head mounted display market is driven by the rising demand for lightweight HMDs, which will expand their application base. In addition to this, the declining prices of microdisplays and regulated demand from defense services will also fuel the global head mounted display market. On the other hand, the global head mounted display market will be suppressed by the design issues associated with HMDs and lack of awareness of the public regarding HMDs. By end use, the global head mounted display (HMD) market is ...