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A head-mounted display is an electronic wearable device, mounted on a head that includes a small display optic near the eye. The display optic projects a virtual environment in front of the user's eyes. The screens used in the head-mounted display are liquid crystal displays (LCDs) since they are compact, efficient, and lightweight. HMD finds applications in a variety of industries including military, gaming, medical, sports, training and simulation, engineering, etc. The virtual reality headsets used in gaming and other applications are HMDs combined with inertial measurement unit (IMU). Furthermore, optic head-mounted display (OHMD) is a wearable display that can reflect projected images and enables the user to see through it.

A head-mounted display is an electronic wearable device, mounted on a head that includes a small display optic near the eye. The display optic projects a virtual environment in front of the user's eyes. The screens used in the head-mounted display are liquid crystal displays (LCDs) since they are compact, efficient, and lightweight. HMD finds applications in a variety of industries including military, gaming, medical, sports, training and simulation, engineering, etc. The virtual reality headsets used in gaming and other applications are HMDs combined with inertial measurement unit (IMU). Furthermore, optic head-mounted display (OHMD) is a wearable display that can reflect projected images and enables the user to see through it.

The global head mounted display (HMD) market is estimated to account for US$ 7.2 Bn in 2019 and is expected to grow at a CAGR of 38.6 % over the forecasted period 2019-27.

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Many countries around the world including Brazil, India, Russia, and China have started investing heavily in military and defense infrastructure and related products. Moreover, these countries are laying emphasis on importing electronic products from countries such as France, Germany, and the U.S. For instance, in 2014, Brazil entered into an agreement with Saab AB to buy its JAS-39E/F –X2Gripen over Rafael, Super Horne with HMD-enabled technology. Furthermore, in 2012, BAE Systems received an order for remote eyepiece display imagers from the U.S. Army. Hence, high expenditure on defense equipment is expected to support growth of the market in the near future.

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