The display technology has improved over the years. The enhanced features, such as ultra-high resolution, and 3 dimensional (3D) video displays with exclusive augmented video capabilities, are some of the predominant drivers, for the demand of head mounted display. Defense, aviation, and military were the major end-user verticals of the head mounted display market in 2014.

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Based on the various product types, the global head mounted display market can be broadly bifurcated, as head mounted display, and wearable glass. On the basis of various components the global head mounted display market can be bifurcated, as helmet mounted display, wearable glass, head tracker, controller, communication and connectivity, battery, and others.

Some of the major factors that fueled the market penetration of head mounted display in consumer and defense includes; falling prices of electronic component, such as micro-displays, and sensors in global market. Micro-display is prime component in head mounted display, interfaced with display optic system of the head mounted display device, which is embedded in both eye wear displays and helmet mounted displays.

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The increasing application of head mounted display devices for virtual augmented reality, Video gaming and console, consumer electronics, research and development and healthcare is providing new market opportunity, for the global head mounted display market.

North America was the largest head mounted display market in 2014. The market dominance of North America is attributed to the increasing consumer demand for connectivity and portability, in this region. Military and defense sector are one of the major end users of the head mounted display devices in North America. Europe is the second largest market of head mounted display. The falling prices of display units, and newer technological up-gradation (such as 3D displays), is expected to boost the demand of the head mounted display, in the coming years. Asia-Pacific is the fastest growing head mounted display market, with India, China, Japan, South Korea as the regional markets within Asia -Pacific.

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Some of the competitors in the head mounted display market are Emagin Corporation, Google, Inc., Oculus Vr Inc., Recon Instruments, Inc., Sony Corporation, Thales Sa, Bae Systems, Epsoncorporation, Kopin Corporation, Optis Sas, Rockwell Collins, System Technologies Incorporated, NEC Corporation, Sensics, Inc., Vuzix Corporation, eMagin Corporation, Kopin Corporation, BAE Systems Plc, and Elbit Systems Ltd.