Defence, Marine & Aerospace

Aerospace Helmet Mounted Display Market Segmentation By Technology (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality and Others); By Application (Military, Civilian and Others); By End User (Astronauts, Aircraft Personnel and Others) – Global Demand Analysis & Opportunity Outlook 2028

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Report ID: 2572 | Published On: Jan 31, 2023

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

  • On September 5, 2019, Kopin Corporation, a U.S. based company involved in the development of display systems for military applications and other wearable technologies, announced the launch of its super high-performance Brillian LCD (liquid crystal display) in the helmet-mounted display (HMD) system for the Army helicopter pilots in the country.

Introduction to Aerospace Helmet Mounted Display

The aerospace helmet mounted display is equipment used by military personnel particularly involved with aircrafts and fighter jets. These helmets display critical information such as airspeed, jet velocity and altitude of ascent or descent, and are a vital component in tactical maneuvers performed by pilots. As the technology progressed, these helmets started being used by astronauts at the International Space Station. Further, the integration with VR, AR systems and night vision is assisting the military forces across the world in fighting terrorism even on tough terrains.

Market Size and Forecast

The advances in technology of helmets and significance of its value added assistance in combat, space, and increase in defense spending to fight rising terrorism are the factors that can are anticipated to result in the market growth by a significant CAGR during the forecast period of 2020-2028. On the basis of technology, the market is bifurcated into VR, AR and mixed reality headsets, out of which, the highest market share is estimated to be held by VR headsets. This can be attributed to the seamless data incorporation with virtual capabilities and enhanced user experience. The market is further segmented by application into military and civilian. Among these segments, the military segment held the largest revenue generating segment in 2019 owing to the large application of mounted displays in military on ground activities and astronauts in space training simulations. Additionally, features such as night vision and thermal imaging and the value addition in enhanced warfare and tactical maneuverability further is estimated to contribute to the growth of the segment. 


Growth Drivers

Technology for Centric Warfare and its Significance

In the past few decades, the world has seen many wars and the purpose of helmets was to save a soldier’s head. However, in the 21st century, advanced warfare with supersonic jets and missiles had paved a new way to deal with adversaries such as terrorism. Technologies like virtual reality, augmented reality not just enhanced warfare but also helped in saving lives. The AR and VR capabilities of the modern day helmets help the soldier to take tactical decisions and prevent loss of life. The significance of thermal imaging, night vision paired with AR, VR capabilities is huge and thus it is expected to positively impact the growth of aerospace helmet mounted display market. Moreover, the expenditure towards aircraft and missile manufacture and for training aircraft pilots is expected to drive the demand for mounted displays.

Space Exploration and Man Missions

Space agencies across the world, NASA, ISRO, CNSA announced the ambitions of further exploring space and also made plans for man missions to the surface of the moon. NASA expects to complete the mission by 2023 while India’s ISRO Gaganyaan Program is expected to be finished by 2024. Chinese Space administration, CNSA recently completed successful tests for launching China’s own Space Station. These ambitious missions require intensive training for astronauts with helmet mounted displays. On the back of this, the demand for aerospace helmet mounted displays is anticipated to rise over the next few years.


High costs

The potential factor that can affect the growth of the market is the high cost associated with manufacturing costs and R&D expenditure of aerospace helmet mounted displays.

Aerospace Helmet Mounted Displays Graph
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Market Segmentation

Our in-depth analysis of the global aerospace helmet mounted display market includes the following segments:

By Technology

  • Virtual Reality
  • Augmented Reality
  • Mixed Reality
  • others

By Application

  • Military
  • Civilian
  • Others

By End User

  • Astronauts
  • Aircraft Personnel
  • Others

By Region

On the basis of regional analysis, the global aerospace helmet mounted display market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market the helmet mounted displays. High military budgets and ambitious space exploration projects further result in the largest market share of the market in North America. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of increase in defense spending and rising space budgets in countries like India, China and South Korea.

Aerospace Helmet Mounted Displays Graph

The aerospace helmet mounted display market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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