Increasing demand for high-tech products across the globe, especially in applications such as military, aviation and defense is likely to fuel the growth of global market for head mounted display. Advanced micro display technologies along with developments in augmented and virtual reality are some trends that is expected to drive the global market for head mounted display in the forthcoming years.
A recent report anticipates that the global market for head mounted display will expand at an outstanding 59.4% CAGR during the forecast period, 2014-2020, to touch an evaluation of nearly US$ 13,167.5Mn by the end of 2020. Companies namely Oculus VR, Google Corporation, Kopin Corporation, Sony Corporation, Thales Visionix, Inc., Seiko Epson Corporation and eMagin Corporation amongst others will observe a substantial growth worldwide. Leading companies are concentrating on marketing strategies such as product developments and expanding their product portfolio.
Oculus VR with Xiaomi Creates Standalone HMD
Oculus VR has been working with Xiaomi, in order to create a particular standalone HMD (head-mounted display) for Mi VR Standalone. Manufacturers must note that this Mi VR Standalone has been rooted from the VR (virtual reality) headset of Oculus VR, named Oculus Go. The notable feature of Mi VR Standalone is the core hardware design and features that is similar to Oculus Go. Manufacturers can be benefitted with this new HMD, as it goes hand in hand with Oculus Mobile SDK that enables present Oculus VR developers for easily bringing their contents to the platform of Mi VR Standalone in China.
Oculus Developers have received a helping hand from Xiaomi for localizing some of Oculus’ popular contents, by bringing it to Mi VR Standalone in China. According to several market viewers, Oculus VR has been developing products with extreme performance and are selling it at a very attractive price.
Kopin Corporation to Launch New Head Mounted Display
Kopin Corporation has been working on audio, verbal and visual aptness of the wearable computing systems. Kopin Corporation is planning to make smaller chips for the purpose of AR (augmented reality) and VR (virtual reality). The company engineers are working on designing extremely-tiny 4K display chip and a HDM named Elf VR. Manufacturers are to take note that Kopin Corporation is making Elf VR HMD available for first 100 OEM companies and developers, without public pricing.
Elf VR consists of a small component with new display system that holds 4K displays and is merely an inch with regards to size. Apart from this, the small chip can help in expanding resolution of the display in HMD. Therefore, manufacturers are suggested to develop lighter and smaller hardware products that can be available in an easier form.
Google Corporation & LG to Launch High-Resolution HMD
Google Corporation and LG are planning to launch a 4.3-inch OLED HMD soon this year. The product features 120Hz and 1334 PPI, respectively. The market observers are of the view that compared to VR headsets, production sales of the new 4.3-inch OLED HMD will be quite substantial. With regards to pixel and size of the product, it is measured to be nearly of 5500 x 3000 pixels series. Google Corporation is planning to showcase this new product in Display Week 2018, which is expected to commence by May. Manufacturers can look forward to this unique asset and explore its features by being a part of the Display Week 2018.
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