Helmet mounted lighting solutions are an important equipment for military operations. It is used in modern aircraft, particularly in combat aircraft. Increasing demand for helmet mounted lighting solutions from the defense sector is the major factor likely to drive the market during the forecast period. The other factors fueling the market are rise of non-state threats such as ISIS and hybrid threats such as terrorism. The market is segmented on the basis of component, application, end use, and geography. The major factors driving the helmet mounted lighting solutions market are growing usage of helmet mounted lighting solutions in AR and VR applications, rise in the number of products launched, and helmet mounted lighting solutions for medical education among others. Cloud computing in helmet mounted lighting solutions is acting as an opportunity for the market.
Based on component, the helmet mounted lighting solutions market is divided into battery, goggles, head trackers, relay optics, digital light processing, and others. Among various types of components in 2016, the battery segment was the key market. Increasing preference for helmet mounted lighting solutions is one of the key factors driving the market during the estimated period. The head trackers segment is estimated to increase at the maximum CAGR during the forecast period. The other factors driving the market are declining prices of micro displays among others.
Based on applications, the market is divided into security, tracking, training and simulation, imaging and others. In 2015, the security segment was the major market. Increasing improvement in internet connectivity is one of the key factors expected to enhance the demand for helmet mounted lighting solutions during the anticipated period. However, limited battery life is a restraining factor for the helmet mounted lighting solutions market. Training and simulation segment is estimated to rise at the maximum CAGR during the forecast period.
Based on end use, the helmet mounted lighting solutions market is divided into military, navy, virtual reality, video gaming, air force, automation, sports, safety service, and others. In 2016, the military segment is anticipated to be the major market and would remain so through the forecast period. Video gaming segment is estimated to increase at the maximum CAGR during the forecast period. The key factor enhancing demand is its ability to provide low noise navigation.
Based on geography, the helmet mounted lighting solutions market is divided into Asia Pacific, North America, Europe, Middle East & Africa, and South America. North America has the key market share followed by Europe. Some of the major factors driving the market in North America are huge military spending and rise in demand for new aircrafts. In 2015, the U.S. was the key market for helmet mounted lighting solutions globally. Europe is the second major market for helmet mounted lighting solutions followed by Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to witness the maximum CAGR among all regions during the forecast period.
Some of the major players in the helmet mounted lighting solutions market are BAE Systems Plc (U.K.), Rockwell Collins, Inc. (U.S.), Google Inc. (U.S.), Thales Group (France), and Sony Corporation (Japan). These major players are focusing on penetrating growing economies and are implementing several methods to boost their market share. In addition, some of the other major players are Elbit Systems Ltd (Israel), Seiko Epson Corporation (Japan), eMagin Corporation (U.S.), Sensics, Inc. (U.S.), NEC Corporation (Japan), Oculus VR, LLC (U.S.), Kopin Corporation (U.S.), and Vuzix Corporation (U.S.) among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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