Head-mounted Display Industry

The report "Head Mounted Display (HMD) Market by Type, Technology (AR, VR), Application (Consumer, Commercial, Enterprise & Industry, Aerospace & Defense), Product Type (Head-mounted, eyewear), Component, Connectivity and Region - Global Forecast to 2029" The Head-mounted Display (HMD) industry is projected to reach USD 26.4 billion by 2029 from USD 7.5 billion in 2024 at a CAGR of 28.8% during the forecast period.

Browse 185 market data Tables and 64 Figures spread through 246 Pages and in-depth TOC on "Head Mounted Display (HMD) Market by Type, Technology (AR, VR), Application (Consumer, Commercial, Enterprise & Industry, Aerospace & Defense), Product Type (Head-mounted, eyewear), Component, Connectivity and Region - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/head-mounted-display-hmd-market-729.html

Growing investments by significant key players in the development of HMD, availability of low-cost HMDs, growing demand for AR and VR, and Affordable microdisplay prices are some of the major factors contributing to the growth of Head-mounted Display (HMD) industry. Moreover, Industry collaborations, involving HMD manufacturers, content developers, and key players, fuel market expansion, driving innovation and advancing the overall immersive technology ecosystem.

VR HMD to dominate the Head-mounted Display (HMD) industry from 2024 to 2029.

The VR HMD industry is anticipated to experience significant growth due to several factors. The rising popularity of VR headsets in the gaming industry, fueled by recent product launches like Meta Quest 3, PlayStation VR2, Pico Neo 4, and Vive XR Elite, is a key driver. Moreover, VR adoption is expanding in the enterprise sector for training, simulation, and collaboration, with products like HTC Vive Pro 2, Varjo XR-3, Microsoft HoloLens 2, and Pico Neo 3 Pro gaining traction. Additionally, VR applications are expanding beyond gaming and enterprise, with Immerse VR, STRIVR, Surgical Theater, and Vertebrae finding applications in healthcare, education, and retail. Further contributing to the VR HMD market's growth is the decreasing cost of VR headsets, improving performance, and increasing availability of VR content. As a result, the VR HMD market is poised for continued growth and accounts for the larger share of HMD industry .

Processors and Memory to register highest CAGR in the Head-mounted Display (HMD) industry during forecast period.

The increasing demand for immersive experiences in gaming, healthcare, education, and enterprise applications has propelled the Head-Mounted Display (HMD) industry . Processors and memory components are registering the highest Compound Annual Growth Rate (CAGR) due to ongoing technological advancements, the need for realistic graphics and spatial tracking, and the rising adoption of HMDs in enterprise settings. The healthcare industry relies on powerful processors for medical training and simulations, while the education sector integrates HMDs for virtual classrooms and interactive learning. The miniaturization of HMDs and the emphasis on portability also drive innovation in processors and memory technologies.

Americas accounted for the largest share of the market in 2023.

The Americas, encompassing North and South America, dominate the Head-Mounted Display (HMD) industry , with North America leading in growth. The region's strong position is driven by increased investments and adoption of AR smart glasses in the US and Canada, particularly for enterprise applications. The use of AR and VR devices for productivity improvement across sectors like aerospace, healthcare, and consumer electronics propels North America's market expansion.

Key Players

Collaborations between key HMD players and North American industries, along with the presence of major global companies like PTC (US), Magic Leap (US), Microsoft (US), and Google (US) are some of the market players, contribute to the region's leadership in the global HMD industry .

Don’t miss out on business opportunities in Head Mounted Display (HMD) Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]