Overview:

The global head mounted display market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Head mounted display is a head gear which is worn on head or used as a part of helmet. This device comes with a small display and set of head mount attached with speakers or headphones. The displays are preferably of LCD or OLED technology and come with semi-transparent mirrors or lenses.

Market Dynamics:

Rapid technological advancements in head mounted display and growing application area such as in defense sector for security and tracking purposes are major factors driving growth of the global head mounted display market. Also, flourishing E-commerce sector in emerging economies, rising demand for smart wearable, and introduction of light weight HD display are other factors expected to augment growth of the global market.

Moreover, increasing penetration of AR and VR technologies in entertainment, gaming and aviation industries coupled with rising product advertisement on social media platforms are some other factors expected to boost growth of the target market over the forecast period.

However, factors such as lack of standards related to components and interoperability are expected to hamper growth of the global head mounted display market to a certain extent. In addition, lack of awareness about application of head mounted display in industrial sector is another factor expected to further challenge growth of the global market.

Key Trends:

Rising focus on strategic partnerships and tie-ups among key players for product advancements and introduction of new products is a key trend expected to support growth of the global head mounted display market. For example, in December 2019, VR Education announced development of 5G VR head mounted display in partnership with Deutsche Telekom, Qualcomm Technologies Inc., and XRSPACE. The display is expected to available in the market till mid of 2020.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America head mounted display market is expected to hold significant revenue share in the global market. This is owing to rising demand for AR and VR technology from defense sector and rising adoption of advanced head mounted display in entertainment industry. In addition, rising product adoption in healthcare sector in order to record critical surgical procedures is another important factor expected to support the growth of regional market.

However, the Europe holds second largest market share followed by the market in Asia Pacific region. The head mounted display market in Asia Pacific region is expected to witness highest CAGR over the forecast period. The growing consumer base and increasing disposable income are key factors supporting the market growth in the Asia Pacific region.

Scope of the Report:

Detailed Segmentation:

Global Head Mounted Display Market, By Product Type:

• Helmet Mounted
• Wearable Glass

Global Head Mounted Display Market, By Connectivity:

• Wired
• Wireless

Global Head Mounted Display Market, By Application:

• Imaging
• Security
• Tracking
• Training and Simulation

Global Head Mounted Display Market, By End Use:

• Defense
• Consumer
  • Augmented Reality
  • Virtual Reality
  • Video Gaming

Key Players Covered:

Key players operating in the global head mounted display market include, The Samsung Group, Sony Corporation, HTC Corporation, Microsoft Corporation, BAE Systems plc, eMagin Corporation, Google Inc., Kopin Corporation, Oculus (Facebook Inc.), and Recon Instruments, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Head Mounted Display Market by product type, connectivity, application, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global head mounted display market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.