Helmet-Mounted Display Market Analysis | 2025-2030

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Helmet-Mounted Display Market

• The annual demand for helmet-mounted display was USD 2.1 billion in 2024 and is expected to reach USD 2.2 billion in 2025, up 4.8% than the value in 2024.
• During the forecast period (2025 to 2030), the helmet-mounted display market is expected to grow at a CAGR of 4.0%. The annual demand will reach of USD 2.7 billion in 2030.
• During 2025-2030, the helmet-mounted display industry is expected to generate a cumulative sales opportunity of USD 14.88 billion.
   

Market Dynamics

Introduction:

What is a helmet-mounted display?

Helmet-Mounted Display (HMD) is a wearable device integrated into a helmet that projects real-time information, video, or augmented reality, majorly used in defense sectors for improved situational awareness. The helmet-mounted display market is segmented into Image Intensification Technology, Thermal Technology, and Others.

HMDs project essential battlefield information, such as maps, coordinates, targets, and navigation cues, directly onto the helmet visor or in a transparent eyepiece. This allows soldiers to keep their focus on the surroundings without needing to glance at handheld devices or cockpit screens.

Market Drivers:

• The expansion of the market is primarily fueled by several critical factors. First, rising global military expenditures are contributing to increased investments in advanced technologies and defense equipment, including helmet-mounted displays and related systems. Second, escalating conflicts in key regions have heightened the demand for cutting-edge military solutions, as nations seek to enhance their operational capabilities and maintain a strategic edge.
• Additionally, there is a growing emphasis on military modernization across numerous countries, as governments prioritize upgrading their defense forces with next-generation technologies to address evolving security challenges. This focus on modernization is driving the adoption of advanced systems like fusion technology-based helmet-mounted displays, further propelling the market's growth.

Segment Analysis

By Technology Type

“Fusion technology is expected to maintain its dominance in the market during the forecast period”.

• The market is segmented into image intensification technology, thermal technology, and fusion technology
• In recent years, helmet-mounted display goggles embedded with fusion technology have proved to be excellent equipment for night vision and have generated a large demand. With the fusion technology, these goggles provide a close-up simulation of a soldier's natural vision and serve as a force multiplier during crucial military operations.
• Fusion technology allows the HMD to merge data from multiple sources (e.g., thermal, infrared, GPS, and visual sensors), providing soldiers or pilots with a comprehensive view of their environment.
   

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By Platform Type

“Ground-based platform is the dominant platform type, whereas Air-based platform is the fastest-growing platform type in the market during the forecast period”.

• The Helmet-Mounted Display market is segmented into ground-based platforms, air-based platforms, and naval-based platforms.
• Helmet-mounted displays are extensively used in ground operations and tactical situations. Moreover, several counter-terrorism missions occur in low-light environments or during nighttime, which in turn increases the demand for these helmets.
• The widespread use of helmet-mounted displays by military personnel and a larger ground army population drives demand for ground-based platforms.

Regional Analysis

“North America region is anticipated to maintain its position as the largest market for helmet-mounted displays throughout the forecast period.

• North America, which is the largest military spender in the world, is the key region driving the market for HMDs.
• This region is the home to several market-leading companies such as L3Harris Technologies, Inc., Raytheon Technologies Corporation, and Elbit Systems of America, LLC. These companies are also among the active contractors for the US DoD for HMDs.
• It is also estimated that the Asia-Pacific region will witness the fastest growth in the global market during the forecast period, due to increasing demand for advanced night vision goggles by the regional military forces and the swift rise in the overall military expenditure, especially in China and India.
   

Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the helmet-mounted display market -  

Here is the list of the Top Players (Based on Dominance)

• L3Harris Technologies, Inc.
• BAE Systems
• Raytheon Technologies
• Thales Group
• Elbit Systems Ltd.
• Leonardo DRS.

 Note: The above list does not necessarily include all the top players in the market.

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Recent Developments/Mergers & Acquisitions:

• In 2024, Leonardo DRS received a US$ 117 million order for next-gen thermal weapon sights under the U.S. Army's FWS-I contract, featuring uncooled thermal imaging technology and wireless integration with helmet-mounted vision systems.
• In 2023, Elbit Systems of America, LLC received a US$ 107 Million contract for the provision of ENVG-B systems, along with its spare parts, logistics support, and test equipment, for the US Army.
• In 2023, The UK Ministry of Defense (MOD) granted BAE Systems a £40 million ($49.5 million) contract to refine and advance its Striker II helmet-mounted display (HMD) for the Royal Air Force’s Typhoon fleet
• In 2023, CEVS, was awarded a contract by the Naval Air Warfare Center Aircraft Division. The contract supports the development, engineering, logistics, and testing of the Improved Joint Helmet Mounted Cueing System for Block III F/A-18E/F and E/A-18G aircraft.
• In November 2022, L3Harris Technologies, Inc., received a new production order from the US Army for additional ENVG-B night vision goggles used as helmet-mounted displays.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The helmet-mounted display market is segmented into the following categories. 

By Technology Type 

• Image Intensification Technology
• Thermal Technology
• Fusion Technology

By Platform Type 

• Ground-based Platform
• Air-based Platform
• Naval-based Platform

By Region 

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s helmet-mounted display market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research Technology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white Fusion Technology, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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