PUBLISHER: SkyQuest | PRODUCT CODE: 1095220
PUBLISHER: SkyQuest | PRODUCT CODE: 1095220
The Global Head Mounted Display Market was valued at USD 16.56 Billion in 2021, and it is expected to reach a value of USD 175.61 Billion by 2028, at a CAGR of more than 40.12% over the forecast period (2022 - 2028). Head Mounted displays are a set of goggles with extra components mounted on the head, such as storage, monitor, camera tracker, and headphones. Military, aerospace, research, gaming, virtual reality, and medical procedures are among some of the few end-user industries that demand HMDs. The key aspect driving the growth of the market includes a surge in key players' investments in the development of HMDs, greater acceptance of AR and VR technologies due to COVID-19, availability of low-cost HMDs, technological improvements, and growing digitalization across the globe.
The growing desire from consumers for a tiny and portable device is also contributing to the rise in HMD demand. The increasing popularity of video games among Gen Z and millennials is another factor that contributes to the growth of the market.
Top-down and bottom-up approaches were used to estimate and validate the size of the global head mounted display market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Aspects covered in this report:
The global Head Mounted Displays market is segmented on the basis of type, technology and application. Based on the type, the market is segmented as Slide-On Head Mounted Displays, Discrete Head Mounted Displays, and Integrated Head Mounted Displays. Based on technology, the market is segmented as AR and VR. Based on the application, the market is segmented as Consumer, Commercial, Enterprise and Industry, Engineering & Design, Aerospace & Design, Healthcare, Education, and Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, Latin America, and MEA.