Head Mounted Display Market Size, Growth, Share and Competitive Landscape

Global Head Mounted Display Market Overview and Insights:

Head Mounted Display Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Head Mounted Display Industry and its Yearly Growth Rate?

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. The growth of the market is primarily attributed to rising adoption from the aerospace and defense industry for training purposes, integration of immersive reality in the gaming industry, and gradual growth in demand from construction and healthcare.

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Who are the Main Competitors Driving the Global Head Mounted Display Market Forward?

The prominent players essentially operating in the Head Mounted Display Market are as follows:

Meta
Sony Corporation
Microsoft
Google LLC
Samsung
BAE Systems
Magic Leap
Seiko Epson Corporation
HTC Corporation
Collins Aerospace
Kopin Corporation
Lockheed Martin
Thales
Elbit Systems Ltd
Beyeonics Ltd
Others

What are the key Drivers Defining the Global Head Mounted Display Market Size?

Exponential Growth in Demand from Defense Forces: The militaries across the globe are gradually integrating the latest technologies to ensure a competitive edge, reduce costs, and provide best-in-class training to their professionals. Moreover, the modernization of defense forces across the globe to ensure agility, improved effectiveness, flexibility in operations, and increased survivability is boosting the integration of head mounted displays for training and battlefield superiority. Countries such as the USA, India, Israel, China, Russia, EU, etc., have been actively contracting defense equipment suppliers for hmd displays. With the growth in electronic warfare infrastructure, these countries are increasingly relying on such technologies which are further integrated with the combat vehicles and aircraft.

In 2024, the US Air Force signed a contract with Vuzix to provide augmented reality based head mounted displays
In 2023, Collins Elbit Vision Systems (a joint venture of Raytheon and Elbit Systems) was contracted by the US Navy to provide head mounted displays. In addition, the sanctioned USD16 million to Collins Elbit Vision Systems to upgrade its existing head mounted equipment
In 2021, the Indian army announced its plan to procure more than 550 augmented reality based head mounted displays to boost the capabilities of its shoulder-fired weapons

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What is the Segmentation of the Global Head Mounted Display Market?

The Head Mounted Display market covered in this report is segmented –

By Type
- Discrete- Market Size & Forecast 2019-2030, USD Million
- Slide-On- Market Size & Forecast 2019-2030, USD Million
- Integrated- Market Size & Forecast 2019-2030, USD Million
By Technology
- Augmented Reality (AR)- Market Size & Forecast 2019-2030, USD Million
- Virtual Reality (VR)- Market Size & Forecast 2019-2030, USD Million
- Mixed Reality (MR)- Market Size & Forecast 2019-2030, USD Million
By Component
- Hardware - Market Size & Forecast 2019-2030, USD Million
  - Processor and Memory- Market Size & Forecast 2019-2030, USD Million
  - Controller- Market Size & Forecast 2019-2030, USD Million
  - Sensor- Market Size & Forecast 2019-2030, USD Million
  - Camera- Market Size & Forecast 2019-2030, USD Million
  - Display- Market Size & Forecast 2019-2030, USD Million
  - Lens- Market Size & Forecast 2019-2030, USD Million
  - Case and Connector- Market Size & Forecast 2019-2030, USD Million
  - Battery- Market Size & Forecast 2019-2030, USD Million
  - Others- Market Size & Forecast 2019-2030, USD Million
- Software - Market Size & Forecast 2019-2030, USD Million
- Services - Market Size & Forecast 2019-2030, USD Million
By Product Type
- Head Mounted- Market Size & Forecast 2019-2030, USD Million
- Eyewear- Market Size & Forecast 2019-2030, USD Million
By Connectivity
- Wired- Market Size & Forecast 2019-2030, USD Million
- Wireless- Market Size & Forecast 2019-2030, USD Million
By End User
- Consumers- Market Size & Forecast 2019-2030, USD Million
  - Video Games - Market Size & Forecast 2019-2030, USD Million
  - Life Events - Market Size & Forecast 2019-2030, USD Million
  - Video Entertainment - Market Size & Forecast 2019-2030, USD Million
- Enterprises- Market Size & Forecast 2019-2030, USD Million
  - Aerospace and Defense - Market Size & Forecast 2019-2030, USD Million
  - Healthcare - Market Size & Forecast 2019-2030, USD Million
  - Construction - Market Size & Forecast 2019-2030, USD Million
  - Automotive- Market Size & Forecast 2019-2030, USD Million
  - Energy- Market Size & Forecast 2019-2030, USD Million
  - Retail- Market Size & Forecast 2019-2030, USD Million
  - Education- Market Size & Forecast 2019-2030, USD Million
  - Others- Market Size & Forecast 2019-2030, USD Million

In 2024, the global head mounted display market was dominated by the consumer segment, grabbing a market share of over 50%.

By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific

Key Questions Answered in the Research Report

What is the predicted Head Mounted Display market size and growth rate for the years 2024-30?
What challenges are restricting the growth of the Head Mounted Display market?
Which segment accounted for the largest market share in the Head Mounted Display market?
Which prominent companies are leading growth in the Head Mounted Display market?
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How long does it take for customers to receive the reports provided by Markntel Advisors?
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