MarkNtel Advisors – Leading Market Research Company found Global Head Mounted Display Market is expected to reach 33.81% CAGR Growth By 2030.
This report provides a comprehensive analysis of the Global Head Mounted Display Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Head Mounted Display Market
Base Year: 2023
Forecast Years: 2024-2030
Historical Years: 2019-2022
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- – https://www.marknteladvisors.com/query/request-sample/head-mounted-display-market.html
Scope of the Head Mounted Display Market Report:
The Global 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. The growth of the market is primarily attributed to rising adoption from the aerospace and defense industry for training purposes, integration of immersive reality in the gaming industry, and gradual growth in demand from construction and healthcare.
Which prominent factor is expected to drive the Head Mounted Display Market during 2024-30?
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.
What are the different Segment Available in the Head Mounted Display Market?
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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Head Mounted Display companies operating in the Market
- 1. Meta
- 2. Sony Corporation
- 3. Microsoft
- 4. Google LLC
- 5. Samsung
- 6. BAE Systems
- 7. Magic Leap
- 8. Seiko Epson Corporation
- 9. HTC Corporation
- 10. Collins Aerospace
- 11. Kopin Corporation
- 12. Lockheed Martin
- 13. Thales
- 14. Elbit Systems Ltd
- 15. Beyeonics Ltd
- 16. Others.
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