USD 7.3 billion
Report ID:
SQMIG45J2041 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
95
|Figures:
76
Global Head Mounted Display Market size was valued at USD 7.3 billion in 2023 and is poised to grow from USD 9.39 billion in 2024 to USD 70.22 billion by 2032, growing at a CAGR of 28.6% during the forecast period (2025-2032).
Over the next seven years, the head-mounted display industry is anticipated to develop due to decreased microdisplay prices and strong demand for helmet-mounted displays across all application sectors. A promising growth potential for the mobile industry is anticipated to result from increasing demand for mobile-based AR apps for 3D scene assembly.
The development of portable wearable technology has stimulated an increase in innovation within the head-mounted display (HMD) market. With the development of lightweight screens, producers all around the world have begun to position HMD as a consumer good. By analyzing the precise placements of various components and communicating customisation to designers, people can take part in virtual car designing, giving purveyors a significant chance. The market is still in its formative stages.
For a few years, the expansion of the industry has been constrained by a lack of understanding of the various medical applications for stereoscopic imaging, especially in poor countries. Additionally, the development of the industry for defense-based applications is being hampered by a lack of knowledge regarding the potential dangers caused by obstructing line of sight, which is a result of huge wearable displays. Industry expansion is being hampered by a lack of standardization in components like orientation sensors. It is necessary to design standardized evaluation procedures for both whole systems and individual parts. In order to improve the market, simulator sickness related to general discomfort, eyestrain, perceptual constancy, dark focus, and effect of darkness needs to be addressed.
The global adoption of head mounted displays is a result of the rising popularity of augmented reality and virtual reality technology in consumer and corporate solutions. In the next few years, it is predicted that this aspect will fuel the expansion of the worldwide head mounted display market. In order to eliminate the requirement that a user be physically present in every area, advanced technologies like virtual reality and augmented reality are being adopted more frequently.
US Head Mounted Display Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 7.3 billion
Largest Segment
Consumer
Fastest Growth
Commercial
Growth Rate
28.6% CAGR
To get more reports on the above market click here to Buy The Report
Global Head Mounted Display Market is segmented by Technology, Component, Product Type, Connectivity, Application and region. Based on Technology, the market is segmented into Augmented Reality and Virtual Reality. Based on Component, the market is segmented into Processors & Memory, Controllers, Sensors, Cameras, Displays, Lenses, Cases & Connectors and Others. Based on Product Type, the market is segmented into Head-Mounted and Eyewear. Based on Connectivity, the market is segmented into Tethered HMD (Wired) and Standalone HMD (Wireless). Based on Application, the market is segmented into Consumer, Aerospace & Defense, Healthcare, Enterprise & Industrial, Commercial, Energy and Automotive & Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
In 2021, VR technology segment of the market is projected to hold the most significant share in the market. The use of computer technology to create a simulated environment is known as virtual reality. Unlike traditional user interfaces, virtual reality immerses users in an experience, allowing them to interact with the 3D world rather than viewing a monitor screen in front of them. Technology has changed the world by simulating as many senses as possible, including vision, touch, hearing, and even smell; thus, this drives the segmental growth of the market
In 2021, consumer segment of the market is projected to hold the most significant share in the market. Consumers majorly use these head mounted displays for gaming and entertainment purposes, which drives the segmental growth. The number of AR and VR gamers has increased dramatically around the world. The global user base of AR and VR games is predicted to grow to 216 million players by 2025, according to NewGenApps, a provider of Artificial Intelligence, Machine Learning, Big Data Analytics, and AR/VR solutions. Similarly, according to numbers given by the Entertainment Software Association in March of 2020, 29% of gamers in the United States had a VR system installed. The group also said that advancements in virtual and augmented reality are a major driver of the gaming industry's growth in the United States. Hence, this drives the growth of the market
To get detailed analysis on other segments, Request For Free Sample Report
Based on the geographical viewpoint, the global Head-Mounted Displays market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, North American region is projected to hold the most substantial share of 28% in the market and grow at a fastest CAGR during the forecast period. The regional growth of the market is attributed to the heavy investments done by the market players in the region. The rapid adoption of new technologies by the consumers in the regions is another factor that contributes to the market growth.
During the forecast period, Asia Pacific is expected to capture a significant market share of the head-mounted display market. The increased adoption of AR and VR technologies in emerging markets such as India and China is driving market growth. Furthermore, the growing demand for a head-mounted display in the medical field for treatment and surgery is propelling the market forward. The increasing adoption of HMD technology in the educational sector in Europe is expected to boost the market. During the forecast period, the Rest of the World HMD market expands significantly. The increasing demand for HMD technology in South America, the Middle East, and Africa is driving market growth.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Request Free Customization of this report to help us to meet your business objectives.
The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers and acquisitions, collaborations and partnerships, intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Top Players in the Global Head Mounted Display Market
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, growing importance of augmented reality and virtual reality technologies in consumer and business solutions has resulted in widespread use of head-mounted displays around the world. This factor is expected to drive growth in the global head mounted display market in the coming years. The primary reason for the increased adoption of advanced technologies such as virtual reality and augmented reality is to eliminate the need for a user to be physically present at all times.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.3 billion |
Market size value in 2032 | USD 70.22 billion |
Growth Rate | 28.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Head Mounted Display Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Head Mounted Display Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Head Mounted Display Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Head Mounted Display Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG45J2041
[email protected]
USA +1 351-333-4748