MarkNtel Advisors recently published a detailed industry analysis of the Global Head Mounted Display Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Head Mounted Display Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Head Mounted Display Market is estimated to grow at a CAGR of around 33.81% during the forecast period, i.e., 2024-30. In 2024, the global head-mounted display market size was estimated to be around USD 12.02 billion.
Key Findings in Global Head Mounted Display Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
Meta, Sony Corporation, Microsoft, Google LLC, Samsung, BAE Systems, Magic Leap, Seiko Epson Corporation, HTC Corporation, Collins Aerospace, Lockheed Martin, Kopin Corporation, Thales, Elbit Systems Ltd, Beyeonics Ltd, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Head Mounted Display industry?
Exponential Growth in Demand from Defense Forces- The militaries across the globe are gradually integrating the latest technologies to ensure a competitive edge, reduce costs, and provide best-in-class training to their professionals. Moreover, the modernization of defense forces across the globe to ensure agility, improved effectiveness, flexibility in operations, and increased survivability is boosting the integration of head mounted displays for training and battlefield superiority. Countries such as the USA, India, Israel, China, Russia, EU, etc., have been actively contracting defense equipment suppliers for hmd displays. With the growth in electronic warfare infrastructure, these countries are increasingly relying on such technologies which are further integrated with the combat vehicles and aircraft.
- In 2024, the US Air Force signed a contract with Vuzix to provide augmented reality based head mounted displays
- In 2023, Collins Elbit Vision Systems (a joint venture of Raytheon and Elbit Systems) was contracted by the US Navy to provide head mounted displays. In addition, the sanctioned USD16 million to Collins Elbit Vision Systems to upgrade its existing head mounted equipment
- In 2021, the Indian army announced its plan to procure more than 550 augmented reality based head mounted displays to boost the capabilities of its shoulder-fired weapons
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What segments define the Global Head Mounted Display Market from 2024 to 20230? How do these segments contribute to market dynamics and growth?
By Type
- Discrete- Market Size & Forecast 2019-2030, USD Million
- Slide-On- Market Size & Forecast 2019-2030, USD Million
- Integrated- Market Size & Forecast 2019-2030, USD Million
By Technology
- Augmented Reality (AR)- Market Size & Forecast 2019-2030, USD Million
- Virtual Reality (VR)- Market Size & Forecast 2019-2030, USD Million
- Mixed Reality (MR)- Market Size & Forecast 2019-2030, USD Million
By Component
- Hardware – Market Size & Forecast 2019-2030, USD Million
- Processor and Memory- Market Size & Forecast 2019-2030, USD Million
- Controller- Market Size & Forecast 2019-2030, USD Million
- Sensor- Market Size & Forecast 2019-2030, USD Million
- Camera- Market Size & Forecast 2019-2030, USD Million
- Display- Market Size & Forecast 2019-2030, USD Million
- Lens- Market Size & Forecast 2019-2030, USD Million
- Case and Connector- Market Size & Forecast 2019-2030, USD Million
- Battery- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Software – Market Size & Forecast 2019-2030, USD Million
- Services – Market Size & Forecast 2019-2030, USD Million
By Product Type
- Head Mounted- Market Size & Forecast 2019-2030, USD Million
- Eyewear- Market Size & Forecast 2019-2030, USD Million
By Connectivity
- Wired- Market Size & Forecast 2019-2030, USD Million
- Wireless- Market Size & Forecast 2019-2030, USD Million
By End User
- Consumers- Market Size & Forecast 2019-2030, USD Million
- Video Games – Market Size & Forecast 2019-2030, USD Million
- Life Events – Market Size & Forecast 2019-2030, USD Million
- Video Entertainment – Market Size & Forecast 2019-2030, USD Million
- Enterprises- Market Size & Forecast 2019-2030, USD Million
- Aerospace and Defense – Market Size & Forecast 2019-2030, USD Million
- Healthcare – Market Size & Forecast 2019-2030, USD Million
- Construction – Market Size & Forecast 2019-2030, USD Million
- Automotive- Market Size & Forecast 2019-2030, USD Million
- Energy- Market Size & Forecast 2019-2030, USD Million
- Retail- Market Size & Forecast 2019-2030, USD Million
- Education- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
According to report, In 2024, the global head mounted display market was dominated by the consumer segment, grabbing a market share of over 50%.
Explore the Complete Global Head Mounted Display Market Analysis Report – https://www.marknteladvisors.com/research-library/head-mounted-display-market.html
Geographical Analysis: Global Head Mounted Display Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Global Head Mounted Display Industry Recent Development:
- 2024: Sony in collaboration with Siemens has announced to launch virtual reality-based head mounted display. The solution is targeted at industries to boost product engineering and designing capabilities
- 2023: Meta partnered with Tencent Holdings to sell its Virtual Reality headset in China. Tencent will have the exclusive rights to offer Meta headsets in China, beginning in the last quarter of 2024
- 2023: Taiwanese medtech firm viz. Sunglasses raised USD6.5 million in the pre-seed round to expand its footprints in AR-based surgical navigation systems. The company plans to use funds for research and development of its navigation system employing Head-Mounted Display (HMD) to provide precise guidance and facilitate surgical operations.
Key Questions Addressed in This Study
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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