Global Aerospace Helmet Mounted Display Market Size 2024, Forecast To 2033
6 Mar, 2024
The aerospace helmet mounted display market size has grown rapidly in recent years. It will grow from $2.73 billion in 2023 to $3.11 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to military modernization programs, rise in defense budgets, focus on pilot safety, increasing demand for simulation and training, integration of advanced sensors. The aerospace helmet mounted display market size is expected to see rapid growth in the next few years. It will grow to $5.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to continued military modernization, emergence of next-generation aircraft, increasing focus on unmanned systems, expanding applications in civil aviation, international collaborations. Major trends in the forecast period include integration of augmented reality (AR) technology, lightweight and ergonomic design, advancements in night vision capabilities, wireless connectivity and data sharing, rapid adoption of military applications.
Global Aerospace Helmet Mounted Display Market Key Driver
The aerospace helmet-mounted display market is expected to witness substantial growth, driven by rising military expenditure worldwide. These displays play a critical role in providing pilots with advanced capabilities, including visor-projected night vision. In April 2022, global military spending reached $2.08 trillion in 2021, reflecting an increase from the previous year. This upward trend in military expenditure signifies robust demand for aerospace helmet-mounted displays, indicating favorable market conditions in 2023, 2024, and beyond.
Get A Free Sample Of The Global Aerospace Helmet Mounted Display Market ReportGlobal Aerospace Helmet Mounted Display Market Segments
The aerospace helmet mounted display market covered in this report is segmented –
1) By Component: Processor And Memory, Controller, Sensor, Display, Lens, Other Components
2) By Technology: Augmented Reality, Virtual Reality
3) By Application: Military, Non-Military
4) By End User: Astronauts, Aircraft Personnel, Other End User
By Geography:The regions covered in the aerospace helmet mounted display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the aerospace helmet mounted display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace helmet mounted display market report during the forecast period. The regions covered in the aerospace helmet mounted display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Aerospace Helmet Mounted Display Industry Players
BAE Systems Electronic Systems Inc., Elbit Systems Ltd., Thales Group, L3Harris Technologies Inc., Raytheon Technologies Corporation, Kopin Corporation, Aselsan Elektronik Sanayi ve Ticaret A.S., Collins Aerospace., Gentex Corporation, Teledyne Technologies Inc., Excelitas Tecnologies Corporation, FLIR Systems Inc., Safran S.A., Honeywell International Inc., Cobham plc., Vuzix Corporation, Rheinmetall AG, Esterline Technologies Corporation, Leonardo S.p.A., AeroVironment Inc., Dassault Systèmes SE, Aveo Engineering Group LLC, Saab Group AB, Curtiss-Wright Corporation, Rochester Precision Optics LLC, 3m company, MKU Limited, ArmorSource LLC, Ballistic Armor Co., Safariland LLC
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Aerospace Helmet Mounted Display Market Overview
Aerospace helmet-mounted display refers to a helmet that aids a see-through display that is projected directly into the inside of a pilot's helmet visor. It enables aircraft to eliminate the need for pilots to look around the cockpit for critical information, allowing them to focus on safety and mission effectiveness.
Aerospace Helmet Mounted Display Global Market Report 2023 provides data on the global aerospace helmet mounted display market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace helmet mounted display market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.