A system that shows targeting and aircraft performance statistics, such as airspeed and altitude, directly to the pilot is an aerospace helmet-mounted monitor. To improve the pilots' situational awareness, a helmet-mounted monitor is used. The functionality of this system is usually designed for fighter, bomber, and other combat aircraft and is integrated in civilian fixed-wing and rotary-wing aircraft and even in commercial jets. The dominating developments in the global aerospace helmet-mounted display systems market are the integration of night vision systems and the emphasis on designing lightweight systems. The aerospace helmet mounted display market is has been consistently growing since the past years and is expected to boost in coming years.
MARKET SCOPE
The "Global Aerospace helmet mounted display Market Analysis to 2028" is a specialized and in-depth study of the aerospace helmet mounted display market with a special focus on the global market trend analysis. The report aims to provide an overview of aerospace helmet mounted display market with detailed market segmentation by technology, component, application, fit type, and geography. The global aerospace helmet mounted display market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aerospace helmet mounted display market players and offers key trends and opportunities in the aerospace helmet mounted display market.
MARKET SEGMENTATION
- On the basis of technology, the market is segmented as augmented reality, and virtual reality.
- On the basis of application, the market is segmented as military, and commercial.
- Based on fit type, the market is segmnted as line fit, and retrofit.
- Based on component, the market is segmented into processor & memory, controller, sensor, display, lens, and others.
MARKET DYNAMICS
Drivers:
- The growing AR technological acceptance in the aerospace industry and increasing military expenditures, including growing needs for combat aircraft.
- The changing nature of modern warfare, from being weapon-centric to technology-centric.
Restraints:
- The rising usage of drones.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Aerospace Helmet Mounted Displays market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the aerospace helmet mounted displays market.
IMPACT OF COVID-19 ON AEROSPACE HELMET MOUNTED DISPLAYS MARKET
COVID-19 has negatively affected the demand for aerospace helmet mounted displays. The disturbance in the supply chain, which resulted in raw material delays or non-arrival, disturbed financial flows, and increased absenteeism among production line workers forced aerospace helmet mounted display manufacturers to operate at a reduced capacity. The travel ban has drastically curtailed air travel, which has harmed the aerospace industry by lowering new aircraft deliveries and demand. The need for aerospace helmet mounted displays has decreased as aircraft deliveries have decreased in 2020. Further, according to the International Civil Aviation Organization (ICAO), the overall number of passengers globally fell by 92% in April 2020, compared to the same month in 2019. Also, international traffic fell by 98%. These factors decreased the growth of the aerospace industry, which, in turn, negatively impacted the market demand for aerospace helmet mounted displays. On the other hand, the COVID-19 outbreak has compelled companies in the aerospace industry to embrace innovative ways of operation, such as the use of predictive analytics to precisely forecast losses and virtual production monitoring. From 2021 onwards, these enhancements are expected to boost the aerospace market's growth. In October 2020, Airbus unveiled a trainer jet program for the Spanish Air Force that will replace the F-5 advanced training aircraft fleet currently in service. The future trainer aircraft are anticipated to provide pilot training for the Future Combat Air System (FCAS) and New Generation Fighter (NGF) programs. The Airbus Future Jet Trainer (AFJT) will provide trainer aircraft with advanced avionics that is capable of simulating current and future complex scenarios. The prototype of the aircraft is expected to be developed by 2025 and deliveries are expected to be begun by 2027. In addition, India is in the line to conduct the first flight for its homegrown HTT 40 basic trainer aircraft. The prototype aircraft, after its testing operations, may be used for the first-stage training of all flying cadets. Currently, India relies on the Pilatus PC7 MK2 trainer, which was purchased after the grounding of the older fleet of HPT 32 trainers. The introduction of the new trainer aircraft in the Indian Air Force is likely to help the pilots get a better training experience. This may, in turn, increase the demand for aerospace helmet mounted displays in the coming years (2021
-2028).
MARKET PLAYERS
The report covers key developments in the Aerospace Helmet Mounted Displays market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aerospace Helmet Mounted Displays market are anticipated to lucrative growth opportunities in the future with the rising demand for Aerospace Helmet Mounted Displays in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aerospace Helmet Mounted Displays market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Thales Group
- L3Harris Technologies
- Kopin Corporation
- Gentex Corporation
- Teledyne Technologies
- Excelitas Technologies Corp.
- Elbit Systems Ltd.
- Raytheon Technologies
- BAE Systems plc
- Aselsan A..