At what pace is the head mount display market growing, and what is its estimated value?
The head mount display market size has grown exponentially in recent years. It will grow from $18.47 billion in 2024 to $22.25 billion in 2025 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to gaming industry demand, military and defense applications, healthcare and medical training, industrial and enterprise use, consumer electronics growth, and entertainment and media.
The head mount display market size is expected to see exponential growth in the next few years. It will grow to $46.48 billion in 2029 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to growing adoption in the automotive industry, consumer demand for in-vehicle connectivity, regulatory support for safety enhancements, and growing use in education and training. Major trends in the forecast period include technological advancements, enhanced safety features, integration with Advanced Driver Assistance Systems (ADAS), advancements in AR and VR technologies, expansion in enterprise and industrial applications, cost reduction, and increased affordability.
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What are the key drivers behind the rapid expansion of the head mount display market?
The growing gaming industry is expected to propel the growth of the head mount display market going forward. The gaming industry encompasses developing, marketing, and monetizing video games across various platforms, including consoles, PCs, and mobile devices. The gaming industry is rising due to increasing technological advancements, broader accessibility of gaming platforms, and growing demand for immersive entertainment experiences. Head-mounted displays enhance gaming experiences by providing immersive virtual reality environments that transport players into the game world. For instance, in February 2024, according to data published by the Entertainment Software Association, a US-based trade association of the video game industry, total video game sales surged to $57.2 billion in 2023, marking an increase from the $56.6 billion recorded in 2022. The rise was primarily fueled by a boost in video game content spending, which rose to $48.0 billion in 2023 from $47.5 billion in 2022. Therefore, the growing gaming industry is driving the growth of the head mount display market.
What is the segmentation for the head mount display market?
The head mount display market covered in this report is segmented –
1) By Type: Slide-on, Integrated, Discrete
2) By Component: Processor And Memories, Displays, Lenses, Sensors, Controllers, Cameras, Cases And Connectors
3) By Technology: Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR)
4) By Connectivity: Wired, Wireless
5) By Applications: Consumer, Aerospace And Défense, Enterprise, Commercial, Automotive, Energy, Other Applications
Subsegments:
1) By Slide-On: Clip-On Display, Magnetic Slide-On Display
2) By Integrated: Helmet-Mounted Integrated Display, Glasses-Style Integrated Display
3) By Discrete: Standalone Display Units, Wired Discrete Displays
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Who are the most influential companies in the head mount display market?
Major companies operating in the head mount display market are Apple Inc., Google LLC, Microsoft Corporation, Samsung Electronics Co. Ltd., Sony Corporation, RTX Corporation, Lenovo Group Limited, Lockheed Martin Corporation, LG Electronics Inc., Panasonic Holdings Corporation, Hewlett-Packard Company, BAE Systems, Seiko Epson Corporation, Razer Inc., Japan Display Inc., Magic Leap Inc., Oculus VR, HTC Corporation, Pimax Technology Co. Ltd., Varjo Technologies, Kopin Corporation, eMagin Corporation, Recon Instruments, Thales Visionix Inc., Vuzix Corporation, Avegant Corporation, DAQRI
What are the most influential trends expected to drive the head mount display market forward?
Major companies in the head-mounted display market are focusing on developing innovative products such as mixed-reality head-mounted displays (HMDs) to maintain their position in the market. A mixed-reality head-mounted display (HMD) combines elements of both augmented reality (AR) and virtual reality (VR) technologies, allowing users to interact with both digital and real-world environments simultaneously. For example, in December 2023, Vrgineers Inc., a US-based computer hardware manufacturing company, introduced its latest mixed reality head-mounted display (HMD), the XTAL 3 CAVU. This new HMD is designed to enhance performance by removing parts of the image processing pipeline, reducing latency, and improving image quality. It features 24 Mpix image sensors connected to Xilinx FPGA PCIe16x cards via optical cables and a direct connection to the latest NVIDIA Ada Generation graphics card, bypassing the CPU to reduce overall latency.
What are the major regional insights for the head mount display market, and which region holds the top position?
North America was the largest region in the head mount display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the head mount display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Head Mount Display Market Report 2025 Offer?
The head mount display market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A head-mounted display (HMD) is a wearable device that presents visual information directly in front of the user’s eyes. It typically includes one or two small displays and can provide immersive experiences. It is often used in virtual reality (VR) and augmented reality (AR) applications. HMDs can include various sensors to track head movements, enhancing the interactivity and realism of the displayed content.
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