Global Head-Mounted Display Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Head-mounted Display Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global head-mounted display market report has been segmented on the basis of component, connectivity, product type, application and region.
Global Head-mounted Display Market: Overview
A head-mounted display (HMD) is simply a monitor that you can wear on your head. Most of HMDs are used as a pair of goggles or helmet. The direction of the monitor would stay in front of users eyes. Head mounted display is mainly used in video games, consumer market, defense, and others.
Global Head-mounted Display Market: Dynamics
In recent years HMDs are used in video gaming and other consumer applications (entertainment) has increased significantly. HMD market has gained significant traction in the consumer space with the advent of virtual and augmented reality technologies. HMDs are not only used in virtual reality gaming but also they have been utilized in military, medical and engineering. In the upcoming years, consumer application leads the HMD market all across the globe. Increasing adoption of the HMD in varied domains can generate a large account for the global market.
For the rising demand of the consumer big companies like Samsung and Toshiba has developed and marketed glasses-free big screens, 3D laptops, and televisions. Increasing demand for Smartphones, televisions, and laptops companies to develop advanced technologies such as high-resolution images and 3D viewing display may affect the growth of the HMD market.
However, declining prices of micro display along with the increasing demand for lightweight wearable computing devices is a major force boosting the market growth. Decreasing prices of micro display have allowed manufacturers to produce low-cost HMD prototypes, therefore enabling them to penetrate the user market in price-sensitive developing countries.
Global Head-mounted Display Market: Segmental Analysis
Among the product type segments, the eyewear segment is expected to account for major revenue contribution in the global head-mounted display market. In addition, increasing demand for eyewear in various applications including enterprise & industry, medical, design, and adoption in the consumer application.
Among the connectivity segments, the wireless segment is projected to register substantial growth, owing to it does not require cable to connect with the PC, cost-effectiveness, and also development in design.
Global Head-mounted Display Market: Regional Analysis
Asia Pacific market is expected to hold the largest share of the head-mounted display market during the forecast period. Growing adoption of AR and VR technologies in China, Japan, Australia, and India is one of the reasons behind the growth of the head-mounted display market in the Asia Pacific. The government support to invest in emerging technologies such as virtual reality; the potential product for education segment to adopt head-mounted display in China; and extensive acceptance of VR PlayStation in Japan are some opportunities for this market in the Asia Pacific. The increasing importance of head-mounted display in applications such as enterprise and industry, engineering and design, medical, commercial, and education is set to boost the market in the Asia Pacific.
Global Head-mounted Display Market Segmentation:
Segmentation by Component:
- Processor and memory
- Case and connector
Segmentation by Connectivity:
Segmentation by Product Type:
- Head mounted
Segmentation by Application:
- Enterprise & industry
- Engineering & design
- Military, defense, and aerospace
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BAE Systems plc
- Elbit Systems
- The Kopin Corporation
- Rockwell Collins
- Seiko Epson Corporation
- Thales Group
- Sensics corporation
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