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The global head-mounted display market attained the value of about USD 30.30 billion in 2023. The market is expected to grow at a CAGR of 35.8% in the forecast period of 2024-2032, to attain nearly USD 475.88 billion by 2032.
Based on component, the display segment accounts for a significant share in the market and is anticipated to grow at a considerable rate in the forecast period. The display is one of the basic and integral components of the head-mounted display through which, a user can experience the augmented and virtual reality.
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One of the major advantages of the display includes the easy assembly and set up. The low storage costs, no labour costs and zero transportation costs make it convenient to ship almost anywhere around the world. The product is lightweight, rugged, durable, flexible, adaptable, and re-usable. Over the forecast period, the growing advancements in the display systems, coupled with the emergence of major display manufacturers is likely to be a significant factor driving the market growth.
The head-mounted display industry in North America is driven by the growing investments in the product by major companies. The rapid expansion of various end use industries of the product is likely to augment the market in the region. In the United States of America, the product is gaining considerable traction, owing to the adoption of new technologies and growing expansion of major companies in the country. The market in the region is further expected to be aided by the technological advancements in the education sector, which is likely to propel the demand for the product.
A head-mounted display (HMD) is defined as a projection technology, which is mounted on a hat or helmet. This technology is aimed at bolstering the experience of the user in whatever experience the display is meant for. In other words, a head-mounted display superimposes the image of the user’s view of the real world.
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Based on type, the market is segmented into:
By technology, the industry is divided into:
The major components in the head-mounted display industry include:
On the basis of connectivity, the market is divided into:
The different products of the head-mounted display are:
The significant applications of the head-mounted display include:
The various end-users of the product include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global head-mounted display industry is driven by the rising application of the product in the video games industry. The HMD has the ability to augment the gaming experience by providing a 3D view which projects the imaging in the gaming screens like real-world. This enhances the quality of gaming. Over the forecast period, the increasing spending on the video game industry, owing to the growing adoption of gaming consoles, rising number of national level video gaming competitions, and the growing popularity of video games among the youth, are likely to bolster the demand for HMD. The market is further expected to be aided by the rising demand for HMD from the advertising and marketing sector. HMD has the potential to appeal the customers by providing them enhanced and eye-catching view of the product.
The report gives a detailed analysis of the following key players in the global head-mounted display market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Component |
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| Breakup by Connectivity |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End-User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global head-mounted display market attained a value of nearly USD 30.30 billion.
The market is projected to grow at a CAGR of 35.8% between 2024 and 2032.
The major market drivers are the increasing customer spending on video games, the surging number of national and international video gaming competitions, and the rising demand for HMD in the advertising and marketing sector.
The growing investments by the leading market players in the adoption of new technologies, the rising popularity of video games among the youth, and the surging demand for gaming consoles among consumers with high disposable incomes are the key trends guiding the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant head-mounted display types include slide-on HMD, discrete HMD, and integrated HMD.
The various technologies considered in the market report are augmented reality and virtual reality.
The major components of the product include processors and memory, displays, lenses, sensors, controllers, cameras, and cases and connectors, among others.
The significant segments based on connectivity of head-mounted displays considered in the market report are wired and wireless.
The different products considered within the market report include head-mounted display and head mounted computing/ wearable glasses.
The major applications of the product include security, tracking, training and simulation, and imaging.
The different end-users of the product are consumer, commercial, enterprise and industry, engineering and design, healthcare, aerospace and defence, and education, among others.
The major players in the market are Sony Corporation, Microsoft Corporation, Oculus (Facebook Technologies, LLC), Aniwaa Pte. Ltd., Magic Leap, Inc., Levono Group, and Samsung Electronics Co., Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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