Head-Mounted Display Market size worth US$9,766.994 million by 2028

Head-mounted display market

The head-mounted display market is expected to grow at a CAGR of 16.31% during the forecasted period, with a market valuation of US$ 3,392.256 million in 2021 and is expected to reach US$9,766.994 million by 2028.

The head-mounted display market is significantly impacted by the increasing adoption of head mounted displays (HMDs) in gaming applications.

As per the report, the head-mounted display market is expected to significantly increase during the forecast period.

Head-mounted displays (HMDs) have been increasing in popularity due to the application of virtual reality and artificial intelligence. HMDs are devices also known as Virtual Reality headsets or Virtual Reality glasses, where the visuals are presented directly to the eyes and the peripheral vision through an attachment. These devices have been increasing in popularity due to video game technology advancements and smart glasses. The main applications of HMDs have been in video games, military, medical and engineering. Movies like The Terminator provide an accurate representation of what HMDs are, where the devices are used to create augmented reality which provides digital information through an HMD filter into the real world. Several technologies are implemented into the HMDs, which include display technologies like OLED display, pixels and displays, retinal projection, refresh rate, latency, optics, head tracking, and eye tracking,

Based on technology type, the market is categorized into two types- Virtual Reality (VR), and Augmented Reality (AR). VR and AR are one of the main components that run the HMDs, which provide information and visuals into the virtual space created using augmented reality.

Based on connectivity type, the market is categorized into two types- head-mounted, and eyewear. Head-mounted types are the most common types of HMD, an example being Oculus Rift. Oculus Rift is a VR headset device that can be worn on the head and used for many purposes like media, creative work, gaming and many others,

Based on display type, the market is categorized into three types- slide-on HMDs, discrete HMDs, and integrated HMDs.  Slide-on HMDs are extension devices that can be added to devices like smartphones, lenses and many other forms. The device can be inserted into the slide-on device and will provide the same experience as an integrated HMD.

Based on industry vertical, the market is categorized into six types- aviation and defence, media and entertainment, manufacturing, healthcare, education, and others. Aviation and defence use HMDs to provide output and information on the surroundings of the military personnel or the military vehicle. This provides more enhanced situational awareness for operations that are considered high-risk.

Based on region, North America is expected to witness significant growth in the head-mounted display market during the forecasted period. The increase in adoption of augmented reality and virtual reality (AR/VR) have been propelling growth in the North American Region. HMDs have been proven to be useful for defence and military applications as well. For example, in October 2022, Honeywell launched a head-mounted display, dubbed Honeywell 360 Display, that offers enhanced situational awareness for operators of military vehicles that are used in hazardous situations with little to no visibility. It has been claimed to simulate natural vision with a high-resolution, ultra-low-latency view of the environment surrounding the vehicle, allowing it to assess risk and deploy safety measures. This will propel the HMD market in the military sector significantly.

As a part of the report, Kopin Corporation, Google Inc., Vuzix, Oculus VR (Facebook Technologies, Inc.), Sony Electronics Inc., HTC Corporation, Seiko Epson Corporation, Recon Instruments, Samsung, Microsoft, Fujitsu, and LG Electronics.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/head-mounted-display-market

The analytics report categorizes the head-mounted display market using the following criteria:

  • By Technology:
    • Virtual Reality
    • Augmented Reality
  • By Connectivity:
    • Head-Mounted
    • Eyewear
  • By Display:
    • Slide-On HMDs
    • Discrete HMDs
    • Integrated HMDs
  • By Industry Vertical:
    • Aviation and Defence
    • Media and Entertainment
    • Manufacturing
    • Healthcare
    • Education
    • Others
  • By Geography:
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others