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3. Head Mounted Display (HMD) Companies - Meta (US) and Sony (Japan) are the Key Players

The Head-mounted Display (HMD) Market 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. Growing investments by significant key players in the development of HMD, availability of low-cost HMDs, growing demand for AR and VR, technological advancements and growing digitalization, and Affordable microdisplay prices are some of the major factors driving the market growth.

Major Head Mounted Display (HMD) Companies Include:

• Meta (US),
• Sony (Japan),
• Microsoft (US),
• Samsung (South Korea),
• Magic Leap, Inc. (US).

These players have adopted various organic and inorganic growth strategies such as product launches and developments, partnerships, collaborations, acquisitions, and joint ventures to expand their presence globally and increase their share in the Head-mounted Display (HMD) market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing advanced head-mounted display devices.

To know about the assumptions considered for the study download the pdf brochure

Meta is a social metaverse company that builds technology to help people connect, find communities, and grow businesses. Meta focuses on both organic growth strategies such as product launches and inorganic growth strategies such as collaborations and partnerships. For instance, In October 2020, the company launched Oculus Quest 2, which is a VR headset with add on AR capabilities. However, the company also focuses on inorganic growth strategies; for instance, in November 2019, Meta collaborated with Unity Technology to launch a free intermediate VR game development course.

Microsoft, a technology enterprise, engages in the development, licensing, and support of a diverse array of software products, devices, and associated services. Microsoft focuses on both organic growth strategies such as product launches and inorganic growth strategies such as collaborations and partnerships to strengthen its position in the Head-mounted Display (HMD) market. For instance, in February 2019, the company launched its new Hololens 2 mixed reality headset, which combines AR and VR technologies. However, Microsoft also focuses on inorganic growth strategies such as collaborations and partnerships; for instance, in September 2020, the company collaborated with Avtar Dimensions and selected it as the exclusive licensee for its volumetric capture technology, and in the same month company also collaborated with Dimension as a Microsoft Mixed Reality Partner to drive digital transformation using mixed reality technologies.

Sony Group Corporation (SONY) is a multinational conglomerate that operates in a wide range of industries including consumer electronics, gaming, entertainment, and financial services. Meta focuses on both organic growth strategies such as product launches and inorganic growth strategies such as collaborations and partnerships. SONY has high techno-commercial and innovative capabilities for developing an extensive line-up of products; hence, it particularly focuses on new product launches and development. SONY owns some of the largest movie, music, and gaming companies in the world. Besides, it is planning to promote VR concerts and other VR entertainment solutions to entertain people by avoiding crowds and attaining a safe environment.

SAMSUNG is a leading manufacturer of electronics such as TVs, smartphones, tablets, wearable devices, display panels, and digital appliances. SAMSUNG focuses on both organic growth strategies such as product developments and inorganic growth strategies such as acquisition to strengthen its market position. For instance, in 2016, SAMSUNG announced the acquisition of HARMAN, which was a strategic way to enter the automotive industry and benefit from the rising demand for connected car technologies. In addition, Samsung has also acquired NeuroLogica, a medical device manufacturer, and Joyent, a cloud service provider in the past. However, the company also focuses extensively on developing advanced products, and maintains a broad display product portfolio for various applications. For instance, in January 2023 the company launched the world’s first touch integrated OLED display, which uses touch integrated panels in place of plastic film.

HTC is a global leader in smart mobile devices, connected technology, and virtual reality (VR). HTC focuses on both organic growth strategies such as product developments and inorganic growth strategies such as acquisition to strengthen its market position. HTC Corporation has a broader ecosystem with an initiative to form a consortium for VR-dedicated investments. The company is looking to enter applications such as entertainment, retail, education, training, design, healthcare, and automobiles with VR products and services. HTC ventured with Capital Alliance (VRVCA), along with 27 other firms, to form a consortium focused on VR investments. The VRVCA has a total fund of USD 10 billion for startups in the VR

Related Reports:

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

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