Helmet-Mounted Display Market is Forecasted to Reach US$ 2.7 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global Helmet-Mounted Display Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2023: US$ 1.9 billion

Market Size in 2030: US$ 7.8 billion

Growth (CAGR): 23.2% during 2024-2030

Leading Technology Type: Fusion technology

Leading Platform Type: Ground-based platform

Leading Region: North America

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Helmet-Mounted Display Market:

The global Helmet-Mounted Display Market is segmented based by technology type, platform type & Region 

Based on technology type: The market is segmented into image intensification technology, thermal technology, and fusion technology. Fusion technology is expected to maintain its dominance in the market during the forecast period.

In recent years, helmet-mounted display goggles embedded with fusion technology have proved to be excellent equipment for night vision and have generated a large demand. With the fusion technology, these goggles provide a close-up simulation of a soldier's natural vision and serve as a force multiplier during crucial military operations.

Fusion technology allows the HMD to merge data from multiple sources (e.g., thermal, infrared, GPS, and visual sensors), providing soldiers or pilots with a comprehensive view of their environment.

Based on platform type: The Helmet-Mounted Display market is segmented into ground-based platform, air-based platform, and naval-based platform. Ground-based platform is the dominant platform type whereas Air-based platform is the fastest-growing platform type in the market during the forecast period.

Helmet-mounted displays are extensively used in ground operations and tactical situations. Moreover, several counter-terrorism missions occur in low-light environments or during nighttime, which in turn increases the demand for these helmets.

The widespread use of helmet-mounted displays by military personnel and a larger ground army population drive demand for ground-based platforms.

To know the most attractive segments, click here for a free sample of the report:

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 Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America region is anticipated to maintain its position as the largest market for helmet-mounted displays throughout the forecast period. This growth outlook is majorly attributed to the following–

• North America, which is the largest military spender in the world is the key region driving the market for HMDs,
• This region is the home to several market-leading companies such as L3Harris Technologies, Inc., Raytheon Technologies Corporation, and Elbit Systems of America, LLC. These companies are also among the active contractors for the US DoD for HMDs.
• It is also estimated that Asia-Pacific will witness the fastest growth in the global market during the forecast period, due to increasing demand for advanced night vision goggles by the regional military forces and the swift rise in the overall military expenditure, especially in China and India.

Helmet-Mounted Display Market Drivers:

• The expansion of the market is primarily fueled by several critical factors. First, rising global military expenditures are contributing to increased investments in advanced technologies and defense equipment, including helmet-mounted displays and related systems. Second, escalating conflicts in key regions have heightened the demand for cutting-edge military solutions, as nations seek to enhance their operational capabilities and maintain a strategic edge.
• Additionally, there is a growing emphasis on military modernization across numerous countries, as governments prioritize upgrading their defense forces with next-generation technologies to address evolving security challenges. This focus on modernization is driving the adoption of advanced systems like fusion technology-based helmet-mounted displays, further propelling the market's growth.
• These goggles are very much in demand in recent years, as they efficiently track the area where soldiers see and can extrapolate the visual information. These goggles aid in providing a close-up simulation of a soldier's natural vision. They act as a force multiplier during critical missions. Due to the numerous benefits of helmet-mounted displays for military personnel, there has been a steady growth in their overall production with the increasing border conflicts and the rising threat of terrorism in recent times.

Top 10 Companies in the Helmet-Mounted Display Market:

Stratview Research has identified the following companies as the top market players:

• L3Harris Technologies, Inc.
• BAE Systems
• Raytheon Technologies
• Thales Group
• Elbit Systems Ltd.
• Leonardo DRS.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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