Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Head Mounted Display Market Size is Expected to Grow from USD 6.3 Billion in 2023 to USD 75.5 Billion by 2033, at a CAGR of 28.19% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Head Mounted Display Market Size, Share, and COVID-19 Impact Analysis, By Type (Slide-On HMD, Integrated HMD, and Discrete HMD), By Technology (Augmented Reality, Virtual Reality, and Mixed Reality), By Component (Processors & Memory, Displays, Lenses, Sensors, Controllers, Cameras, Cases & Connectors, and Others), By End Use (Consumer, Commercial, Enterprise & Industry, Engineering & Design, Healthcare, Aerospace & Defense, Education, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Head mounted display is a display device worn on the head or as a part of a helmet having a small display optic in front of one (monocular HMD) or each eye (binocular HMD). The devices use advanced technologies such as near-eye display and multi-sensory input systems to create immersive virtual reality experiences. It is used in gaming, aviation, engineering, and the medicinal sector. The increasing demand for lightweight, compact, and portable devices that offer improved comfort for longer usage is providing market growth opportunities for head mounted displays. The rising investments for the development of HMD by the key market players are driving the market growth. The growing application of augmented reality (AR) and virtual reality (VR) technologies in the gaming, entertainment, healthcare, and education field is driving the head mounted display market. On the contrary, the lack of design standardization for HMD design is challenging the market. Further, the high price associated with wearable products and low consumer awareness in emerging economies are hindering market growth.
The integrated HMDs segment accounted for the largest market share of head mounted display market in 2023.
Based on the type, the head mounted display market is classified into slide-on HMD, integrated HMD, and discrete HMD. Among these, the integrated HMDs segment accounted for the largest market share of head mounted display market in 2023. Integrated HMD is the combination of functions of PC, smartphone, and mobile computing into a single unit. The widespread application of integrated HMD in gaming, industrial, and training use is driving market growth.
The virtual reality segment is expected to hold the largest market share during the predicted timeframe.
Based on the technology, the head mounted display market is classified into augmented reality, virtual reality, and mixed reality. Among these, the virtual reality segment is expected to hold the largest market share during the predicted timeframe. VR headsets track the 3D position and rotation, providing a virtual environment to the user. The ongoing development of the metaverse is propelling the market in the virtual reality segment.
The displays segment dominated the market with the largest revenue share in 2023.
Based on the component, the head mounted display market is classified into processors & memory, displays, lenses, sensors, controllers, cameras, cases & connectors, and others. Among these, the displays segment dominated the market with the largest revenue share in 2023. Display components of HMD can be liquid crystal (LCD), liquid crystal on silicon (LCOS), cathode-ray tube (CRT), or organic light-emitting diode (OLED).
The consumer segment dominated the market with the largest market share in 2023.
Based on the end use, the head mounted display market is classified into consumer, commercial, enterprise & industry, engineering & design, healthcare, aerospace & defense, education, and others. Among these, the consumer segment dominated the market with the largest market share in 2023. Consumers use head-mounted displays for gaming, entertainment, and education purposes. The growing need for immersive entertainment experiences is driving the market in the consumer segment.
North America is estimated to hold the largest share of the head mounted display market over the forecast period.
North America is estimated to hold the largest share of the head mounted display market over the forecast period. The growing gaming and entertainment sectors are responsible for driving the market in the region. The U.S. military is a significant user of HMDs for training and simulation purposes. The region's strong infrastructure and growing investments in AR and VR are propelling the market growth. Businesses like Microsoft and Meta are advancing innovation, improving user experiences, and satisfying the various demands of the sector.
Asia Pacific is predicted to grow at the highest CAGR in the head mounted display market over the forecast period. The region’s technological advancements and demand in entertainment, healthcare, and military sectors are driving the head mounted display market in the region. The advanced technological infrastructure and early adoption of AR/VR technologies in countries like China, Japan, and Korea are driving the market growth.
Company Profiling
Major key players in the global head mounted display market include Meta, NATIONAL INSTRUMENTS CORP., Siemens, HEAD acoustics GmbH, Brüel & Kjær, Sony Corporation, Microsoft, Samsung, Magic Leap, Inc., ByteDance, DPVR, Sieko Epson Corporation, HTC Corporation, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the head mounted display market based on the below-mentioned segments:
Global Head Mounted Display Market, By Type
Global Head Mounted Display Market, By Technology
Global Head Mounted Display Market, By Component
Global Head Mounted Display Market, By End Use
Global Head Mounted Display Market, By Regional Analysis
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