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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.
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Key Findings of the Study: Head Mounted Display Market
Global Head Mounted Display (HMD) Market Challenge: High Cost of Research & Development Involved
The development of Head Mounted Displays for applications like defense, gaming, healthcare, etc., involves high research & development expenditure. Companies such as Apple, Sony, META, etc., intended to provide enhanced user experience via their hmd display users across industries by investing a considerable amount in designing. So, their system integrators and suppliers are required to provide best-in-class products such as displays, sensors, processors, etc. Also, the prototyping, miniaturization, and integration of these components to provide the desired output is a complex task that requires considerable resources and highly skilled manpower.
Moreover, the raw material and the manufacturing ecosystem to develop these components are majorly concentrated in Eastern Asian countries such as China, Japan, South Korea, Taiwan, and some parts of Southeast Asia which is emerging as the next hotspot for geopolitical tensions. So, any volatility in the commodity prices directly adds up to the cost of components.
As the high cost of research and development is factored in, the cost of the head mounted display for the end users also goes up.
Scope of the Report and Head Mounted Display Market Segmentation
By Type
-Discrete
-Slide-On
-Integrated
By Technology
-Augmented Reality (AR)
-Virtual Reality (VR)
-Mixed Reality (MR)
By Component
-Hardware
--Processor and Memory
--Controller
--Sensor
--Camera
--Display
--Lens
--Case and Connector
--Battery
--Others
-Software
-Services
By Product Type
-Head Mounted
-Eyewear
By Connectivity
-Wired
-Wireless
By End User
-Consumers
--Video Games
--Life Events
--Video Entertainment
-Enterprises
--Aerospace and Defense
--Healthcare
--Construction
--Automotive
--Energy
--Retail
--Education
--Others
- In 2024, the global head mounted display market was dominated by the consumer segment, grabbing a market share of over 50%.
Top leading companies in the Head Mounted Display Market includes:
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
Head Mounted Display Market 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.
For more detailed information about the Head Mounted Display market report, click here – https://www.marknteladvisors.com/research-library/head-mounted-display-market.html
Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Israel, Rest of MEA
- In 2024, North America dominated the global head mounted display market with the market share exceeding 50%.
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