Head Mounted Display Market to grow at a CAGR of 55.3% in the next five years
Head Mounted Display Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019
Head Mounted Display Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019, the report by Transparency Market Research provides valuable insights about the global head mounted display market along with a smart analysis of current market trends and the future scope for this industry.
Browse the full Head Mounted Display Market Report at http://www.transparencymarketresearch.com/head-mounted-displays.html
According to the report, the global head mounted display market was valued nearly at USD 342.7 million in 2011. The report states that this market could grow at a CAGR of 55.3% from 2013 to 2019, the forecast period of the report, and achieve market value worth USD 9,275.4 million by 2019.
Head mounted displays (HMD), the digital display devices that can be worn on head, with the imaging technology, the computing device and the associated optics located near the eye, provides an excellent feeling of immersion of the visual data with 3D stereoscopic depth. Such devices present huge scope of improvement in the field of augmented realty.
According to the report, the major growth in this industry is expected due to rising demands for smart and portable wearable electronic devices from the consumer market. This can be attributed to the rapid improvement seen in this industry in the past few years, resulting in the production of devices with superior capabilities in the most compact form possible.
In addition to this, the rising adoption of technology in the global healthcare industry is also considered an excellent growth factor for this industry during the forecast period. HMD devices can benefit the healthcare industry significantly by their effective involvement in surgeries and many other medical practices. The...