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Head Mounted Display Market Analysis: Global Industry Trends

The global head-mounted display market is anticipated to grow from USD 5.3 billion in 2021 to USD 38.1 billion by 2027, growing at a CAGR of 46.2% during the forecast period 2021-2027. A head-mounted display is a display device or a projection technology that is worn on the head or as a part of the helmet.

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Head Mounted Display Market Analysis: Global Industry Trends

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  1. Global Head Mounted Display Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Head Mounted Display Market The global head-mounted display market is anticipated to grow from USD 5.3 billion in 2021 to USD 38.1 billion by 2027, growing at a CAGR of 46.2% during the forecast period 2021-2027. A head-mounted display is a display device or a projection technology that is worn on the head or as a part of the helmet. It has a small display optic in front of one eye or each eye. Factors driving the growth of the head-mounted display market are the increasing adoption of portable devices in consumer applications and the rising adoption of augmented reality (AR) and virtual reality (VR) technologies. The head-mounted display is considered a highly immersive display device, primarily used for e-learning, video games, watching movies, and other types of digital entertainment. It provides users with a more realistic and fully immersive in-game environment. HMD is used in many applications such as games, aviation, engineering, and medicine. They have many advantages, i.e., high resolution of physical images, system response to head movements, better user experience, possible 3D views, and improved business.

  4. Global Head Mounted Display Market Based on application, the global head-mounted display market is divided into consumer, commercial, enterprise & industry, engineering & design, healthcare, aerospace & defense, and others. Among these segments, the enterprise & industry segment is anticipated to hold the largest share in the head-mounted display market owing to the rising application of AR headsets in industrial applications such as training, logistics, and warehouse manufacturing and assembling. The increasing demand for HMD in security, tracking, and imaging applications is anticipated to drive the demand for defense segment during the forecast period. There is an emerging trend such as AR and VR usage across several industries and enhanced consumer experience will catalyze the demand for HMD devices. Companies are partnering with defense agencies, healthcare, and entertainment industries to diversify the applications of HMD devices using machine learning algorithms such as simulation. Thus, bolstering the demand for the head-mounted display market.

  5. Global Head Mounted Display Market Microsoft has won a USD 22 billion contract for manufacturing Augmented Reality Gear from the US Army. It would start manufacturing Integrated Augmentation Systems under the contract, which is for over a timeline of 10 years. Sony has unveiled its new VR controllers that would be different from the ball-on-a-stick controllers used in PS4. Sony has also stated that the controllers will come with adaptive triggers, haptic feedback, and finger touch detection features, among others. Some of the key players operating in the head-mounted display market: Sony Group Corporation, Google, Microsoft, HTC Corporation, Facebook Technologies, LLC, BAE Systems, Samsung, Seiko Epson Corporation, Magic Leap, Inc., and Lenovo.

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