Helmet-Mounted Display Market Demand Statistics & Competitive Outlook 2022-2027

Stratview Research delivers key insights on the global Helmet-Mounted Display Market. According to Stratview Research, the market is segmented by Platform Type (Ground-based HMDs, Air-based HMDs, and Naval-based HMDs), by Technology Type (Image Intensification Technology [Gen I-III, Gen-IV], Thermal Technology [SWIR, MWIR, and LWIR], and Fusion Technology [Optical Image Integration and Digital Image Integration]), and Rest of the World [Brazil, Argentina, and Others]).

Market Insights

The report suggests that the overall Helmet-Mounted Display Market was estimated to grow from USD 1.7 billion in 2021 to USD 2.3 billion by 2027 at a CAGR of over 4.6% during the forecast period.

Market Segments Analysis

Platform Type

The market is classified as ground-based, air-based, and naval-based platforms. As these devices are primarily used by dismounted soldiers for any ground-based military operation in low-light or dark environments, the ground-based platform dominated the market with a share of more than 86% in 2021 & is expected to grow at a high CAGR during the forecast period.

Regional Analysis

North America held the highest market share of more than 48% in 2021, which is also the largest military spender in the world and is likely to remain the major demand generator for HMD goggles throughout the forecast period. 

Key Players

The following are some of the key players in the helmet-mounted display market:

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

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

• What is the global demand for helmet-mounted display market in terms of revenue?
• Which are the prominent players in the market?
• At what CAGR is the market projected to grow within the forecast period?
• What are the driving factors fuelling the growth of the market?
• Which region accounted for the largest share in the market?
• How did the Covid19 impacted the market?
• How long will it take to recover from the Covid impact?

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