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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What key insights can be drawn from current trends shaping the market?

What is the current market size, and how is it forecasted to change in the coming years?

What is the future outlook for the market in terms of technological innovation and geographic expansion?

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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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