Market Scenario

An Aerospace Helmet-mounted display is an equipment that displays targeting and aircraft performance information, such as airspeed and altitude, directly to the pilot. A helmet-mounted display is used to enhance the situational awareness of the pilots. Typically developed for fighter, bomber, and other combat aircraft, the application of this equipment is being incorporated in commercial fixed-wing and rotary-wing aircraft as well as in business jets. Integration of night vision systems and focus on developing lightweight systems are the dominating trends in the global aerospace helmet-mounted display systems Market.

Factors such as increasing adoption of AR technology in the aviation sector and rising military spending, along with the rising demand for combat aircraft, are the key factors driving the global Aerospace Helmet Mounted display market. Meanwhile, issues associated with cognitive tunneling and increased use of drones hinder market growth. However, the changing nature of modern warfare, from being weapon-centric to technology-centric, offer promising growth opportunities to the market.

The global aerospace helmet mounted display market has been segmented based on component, technology, application, and region. In terms of component, the display segment accounted for the largest market share of 25.37% in 2018, with a market value of USD 173.5 million, which is projected to witness 13.46% CAGR during the forecast period. In terms of technology, the conventional technology segment accounted for the largest market share of 82.44% in 2018, with a market value of USD 563.7 million, which is projected to witness 11.50% CAGR. Based on application, the military segment accounted for the largest market share of 75.23% in 2018, with a market value of USD 514.4 million, which is projected to witness 12.72% CAGR during the forecast period.

Key Players

The Key Players in the Global Aerospace Helmet Mounted Display Market are 

Raytheon Company (US), Collins Aerospace (US), L3 Technologies Inc. (US), Harris Corporation (US), FLIR Systems (US), ASELSAN A.Ş, (US), BAE Systems plc (UK), Kopin Corporation (US), Thales Group (France), and Elbit Systems Ltd (Israel).

Segmentation of the Global Aerospace Helmet Mounted Display Market  

The global aerospace helmet mounted display market is segmented based on component, technology, application, and regions. Based on technology, the global market has been divided into augmented and virtual reality. The virtual reality segment is expected to hold a significant market share during the forecast period. Based on application, the global market has been bifurcated into military and non-military. The military segment is expected to grow with the highest CAGR during the forecast period. The rise in demand for military spending by various governments of countries is propelling the growth of the market across the globe.

The global aerospace helmet mounted display market is estimated to witness 12.36% CAGR during the forecast period, 2019–2025. In 2018, the market was led by North America with a 33.45% share, followed by Europe and Asia-Pacific with shares of 27.08% and 25.45%, respectively. Asia-Pacific is becoming a lucrative region for firms that provide aerospace helmet-mounted displays, due to the significant spending in the defense sector and demand from countries such as China, India, and South Korea.

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