Aerospace Helmet Mounted Display Market Size & Share, by Technology (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality); Application (Military, Civilian); End User (Astronauts, Aircraft Personnel) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2572
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Aerospace Helmet Mounted Display Market size was over USD 5.46 billion in 2024 and is projected to reach USD 12.69 billion by 2037, growing at around 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of aerospace helmet mounted display is evaluated at USD 5.77 billion.
 

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.


Aerospace Helmet Mounted Display Sector: Growth Drivers and Challenges

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.

Challenges

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

Aerospace Helmet Mounted Display Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.7%

Base Year Market Size (2024)

USD 5.46 billion

Forecast Year Market Size (2037)

USD 12.69 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Aerospace Helmet Mounted Display Segmentation

On the basis of technology, the aerospace helmet mounted display 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. 

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

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Aerospace Helmet Mounted Display Industry - Regional Synopsis

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.

North America industry is predicted to account for largest revenue share by 2037, propelled by high military budgets and ambitious space exploration projects. The aerospace helmet mounted display 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.

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Companies Dominating the Aerospace Helmet Mounted Display Landscape

    • Raytheon Technologies Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Collins Aerospace, a Raytheon Technologies company
    • L3Harris Technologies, Inc.
    • FLIR® Systems, Inc.
    • BAE Systems
    • Kopin Corporation
    • Thales Group
    • Elbit Systems Ltd.
    • ASELSAN A.Åž.
    • NP Aerospace

Author Credits:  Dhruv Bhatia


  • Report ID: 2572
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of aerospace helmet mounted display is evaluated at USD 5.77 billion.

Aerospace Helmet Mounted Display Market size was over USD 5.46 billion in 2024 and is projected to reach USD 12.69 billion by 2037, growing at around 6.7% CAGR during the forecast period i.e., between 2025-2037.

North America industry is predicted to account for largest revenue share by 2037, propelled by high military budgets and ambitious space exploration projects.

The major players in the market are Raytheon Technologies Corporation, Collins Aerospace, a Raytheon Technologies company, L3Harris Technologies, Inc., FLIR® Systems, Inc., BAE Systems, Kopin Corporation, Thales Group, Elbit Systems Ltd., ASELSAN A.Åž., NP Aerospace, and others.
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