Head Mounted Display Market By Product Type, By HMD Type, By Application and By Region – Global Opportunities & Forecast 2021-2028
Head Mounted Display Market, By Product Type (Head Mounted and Eyewear), By HMD Type (Discrete HMD, Integrated HMD, and Slide-on HMD), By Application (Gaming, Media, & Entertainment, Aerospace, and Defence, Healthcare and Medical Devices, Engineering & Industry Applications, Education, and Others), and By Region
Head Mounted Display Market Share was valued at USD 3,000 Million in 2020 and is expected to register a CAGR of 46% during the forecast period.
Head Mounted Display Market Overview
The head-mounted display refers to a type of computer display device integrated with projection technology for a total immersive experience of the user. This type of display is usually worn on the head like glasses or helmets so that it takes up the entire field of view of the user and primarily find applications in gaming, watching movies and live events, social media interactions and virtual tourism.
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Major Head Mounted Display Market Drivers
Growing digitalization, increasing demand of compact and portable devices, growing requirement for multimedia device designed for entertainment are some of the major factors expected to drive the growth of the head mounted display (HMD) market share. In addition, rising popularity of 3D video games and integration of augmented and virtual reality technologies into aviation, engineering, retail, educational training, and medicine is further stimulating the demand for HMD devices. Moreover, growing application of HMDs in training and simulation for replicating real life situation in a wide range of areas including driving, dismounted soldier training, medical procedure training, and others is expected to provide growth opportunities to the head mounted display market size.
Restraint in the Head Mounted Display Market
However, the lack of standardization that causes compatibility issues between products affecting user experience may hamper the growth of the head mounted display market.
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Product Type – Segment Analysis
Based on the product type, head mounted is expected to hold a significant share in the market owing to the increased popularity and adoption of head mounted display in military, engineering, medical, research, and training sectors. Additionally, the increasing application of advance avionics coupled with the growing use of helmet mounted display in helicopter, transport aircraft and fighter planes for improved operational coordination is further supporting the market growth.
HMD Type – Segment Analysis
Based on the HMD type, the slide-on HMD is expected to grow at a high CAGR over the forecast period primarily due to the rapid adoption of smartphones among consumers together with the increasing development of slide on HMD for VR experience utilizing smartphones. For instance, Google Cardboard and Samsung Gear VR are Virtual Reality head-mounted display that allows the user to have a virtual reality experience with smartphones inserted.
Application – Segment Analysis
Based on the application, Gaming, Media, & Entertainment is projected to account for a high market share during the forecast period. This can be attributed to the high penetration of HMD devices in video games for enhanced gaming experience with 3D view and real-world images on the gaming screens. HMD provides the user with extraordinary advantages including bio-sensing that allows user to interact with other users in AR and VR video games, which further escalate the growth of the market.
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Regional – Segment Analysis:
North America is expected to hold a significant share in the market over the forecast period primarily due to the increasing number of digital gamers, rising investment in the field of aerospace and defence, and growing implementation of digital technologies in education and research. Moreover, the presence of leading players including Microsoft Corporation, Alphabet Inc., and Emagin Corporation is expected to contribute to the market growth.
Top Market Players
Several leading Head Mounted Display companies operating in the market, include, Microsoft Corporation, Sony Corporation, Alphabet Inc., Samsung Electronics Co. Ltd., Lenovo Group Limited, Facebook, Inc., Emagin Corporation, Syndiant, NEC Corporation, HTC Corporation, and BAE System Plc among other.
Key Developments:
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- In 2021, Microsoft Corporation won a government contract to build augmented reality headsets for the U.S. military. The headsets would be part of the military Integrated Visual Augmentation System, which projects contextual imagery and information in front of the user’s eyes.
- In 2021, Sony Corporation introduced a new VR controllers that will be a part of its next-generation virtual reality system for PlayStation. The new controllers would bring new functions including finger touch detection, tracking, haptic feedback, adaptive triggers, and more.
Segments covered in the Report:
The global Head Mounted Display market has been segmented on the basis of product type, HMD type, application, and key regions. Based on product type, the market is segmented into head mounted and eyewear. Based on the HMD Type, the market is segmented into Discrete HMD, Integrated HMD, and Slide-on HMD. Based on the application, the market is segmented into gaming, media, & entertainment, aerospace, and defence, healthcare and medical devices, engineering & industry applications, education, and others.
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Report Coverage |
Details |
Market Base Year |
2020 |
Market Forecast Period |
2021-2028 |
Market Revenues (2020) |
USD 3,000 Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Product Type, By HMD Type, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Microsoft Corporation, Sony Corporation, Alphabet Inc., Samsung Electronics Co. Ltd., Lenovo Group Limited, Facebook, Inc., Emagin Corporation, Syndiant, NEC Corporation, HTC Corporation, and BAE System Plc among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Head Mounted Display Market by Product Type
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- Head Mounted
- Eyewear
Global Head Mounted Display Market by HMD Type
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- Discrete HMD
- Integrated HMD
- Slide-on HMD
Global Head Mounted Display Market by Application
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- Gaming, Media,& Entertainment
- Aerospace, and Defence
- Healthcare and Medical Devices
- Engineering & Industry Applications
- Education
- Others
Global Head Mounted Display Market by Region
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-
North America Head Mounted Display Market (Option 1: As a part of the free 25% customization)
- North America Head Mounted Display Market by Product Type
- North America Head Mounted Display Market by HMD Type
- North America Head Mounted Display Market by Application
- US Head Mounted Display Market All-Up
- Canada Head Mounted Display Market All-Up
-
Europe Head Mounted Display Market (Option 2: As a part of the free 25% customization)
- Europe Head Mounted Display Market by Product Type
- Europe Head Mounted Display Market by HMD Type
- Europe Head Mounted Display Market by Application
- UK Head Mounted Display Market All-Up
- Germany Head Mounted Display Market All-Up
- France Head Mounted Display Market All-Up
- Spain Head Mounted Display Market All-Up
- Rest of Europe Head Mounted Display Market All-Up
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Asia-Pacific Head Mounted Display Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Head Mounted Display Market by Product Type
- Asia-Pacific Head Mounted Display Market by HMD Type
- Asia-Pacific Head Mounted Display Market by Application
- China Head Mounted Display Market All-Up
- India Head Mounted Display Market All-Up
- Japan Head Mounted Display Market All-Up
- Rest of APAC Head Mounted Display Market All-Up
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RoW Head Mounted Display Market (Option 4: As a part of the free 25% customization)
- RoW Head Mounted Display Market by Product Type
- RoW Head Mounted Display Market by HMD Type
- RoW Head Mounted Display Market by Application
- Brazil Head Mounted Display Market All-Up
- South Africa Head Mounted Display Market All-Up
- Saudi Arabia Head Mounted Display Market All-Up
- UAE Head Mounted Display Market All-Up
- Rest of world (remaining countries of the LAMEA region) Head Mounted Display Market All-Up
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Major Players Operating in the Head Mounted Display Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Microsoft Corporation
- Sony Corporation
- Alphabet Inc.
- Samsung Electronics Co. Ltd.
- Lenovo Group Limited
- Facebook, Inc.
- Emagin Corporation
- Syndiant
- NEC Corporation
- HTC Corporation
- BAE System Plc
Frequently Asked Question About This Report
Head Mounted Display Market [UP2538-001001]
The head mounted is expected to hold a significant share in the market owing to the increased popularity and adoption of head mounted display in military, engineering, medical, research, and training sectors.
The leading players over the market include, Microsoft Corporation, Sony Corporation, Alphabet Inc., Samsung Electronics Co. Ltd., Lenovo Group Limited, Facebook, Inc., Emagin Corporation, Syndiant, NEC Corporation, HTC Corporation, and BAE System Plc among other.
Growing digitalization, increasing demand of compact and portable devices, growing requirement for multimedia device designed for entertainment are some of the major factors driving the growth of the head mounted display (HMD) market.
The growth rate of Head Mounted Display Market during 2021-2028 is 46%.
- Published Date: Nov - 2021
- Report Format: Excel/PPT
- Report Code: UP2538-001001
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The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
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Report is shared with unlimited user (employees) of the purchasing corporation only
Head Mounted Display Market By Product Type, By HMD Type, By Application and By Region – Global Opportunities & Forecast 2021-2028
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