MarkNtel Advisors recently published a detailed industry analysis of the Global Head Mounted Display Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Head Mounted Display Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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.

What are the major Driver the Global Head Mounted Display industry?

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 segments define the Global Head Mounted Display Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

• 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

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

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Geographical Analysis: Global Head Mounted Display Market

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

Global Head Mounted Display Market Share & Competitive Landscape:

The Head Mounted Display Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Head Mounted Display Market are:

• 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

Global Head Mounted Display Industry Recent Developments

• 2024: Sony in collaboration with Siemens has announced to launch virtual reality-based head mounted display. The solution is targeted at industries to boost product engineering and designing capabilities

• 2023: Meta partnered with Tencent Holdings to sell its Virtual Reality headset in China. Tencent will have the exclusive rights to offer Meta headsets in China, beginning in the last quarter of 2024

• 2023: Taiwanese medtech firm viz. Sunglasses raised USD6.5 million in the pre-seed round to expand its footprints in AR-based surgical navigation systems. The company plans to use funds for research and development of its navigation system employing Head-Mounted Display (HMD) to provide precise guidance and facilitate surgical operations.

 Questions Addressed in this Study

1.What factors are driving the Global Head Mounted Display Market growth?

2.How is the Global Head Mounted Display Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Head Mounted Display Market ?

4.What is the current size of the Global Head Mounted Display Market, and how is it projected to change in the future?

6.What is the future outlook for the Global Head Mounted Display Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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