According to the latest research by SkyQuest Technology, the Global Head Mounted Display Market was valued at USD 5,000 Million in 2020, and it is expected to reach USD 37,500 by 2027, with a CAGR of 40% during the forecast period of 2021 – 2027. The research provides up-to-date analysis of the current market landscape, latest trends and drivers, and overall market environment.
Head-mounted displays improve the user’s experience by offering real-time insights and a simulation environment, as well as processed data about the work at hand. In front of one (monocular HMD) or each eye, the display features a small display optic (binocular HMD). It has a wide range of uses in the gaming, aviation, engineering, medicinal, and industrial industries. Most industries are currently using augmented reality (AR) and virtual reality (VR) technology to upgrade their technological systems in order to improve operational efficiency and automate their enterprises. Other smart-glasses (AR, VR, and Mixed-Reality) applications include engineering, training and simulation, and educational objectives. Consumers are enthralled by the prospect of participating in AR/VR-based shopping transactions. Furthermore, businesses all over the world are watching the influence of these technologies on the market, and this trend is predicted to continue in the future years.
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The semiconductor industry has indeed experienced numerous hurdles in meeting global demand during the COVID-19 pandemic. Various constraints, such as raw material shortages and fulfilment, transportation restrictions, and cross-border operations disruptions, have slowed the growth of the global head-mounted display market in the first two quarters of 2020. However, the market recovered its growth in the third and fourth quarters of 2020. In the same year, the market has so far regained the losses suffered during the pandemic. This had a beneficial effect on the market in the fiscal year 2020.
Read market research report, ” Global Head Mounted Display Market Segmented By Type (Slide-On Head Mounted Displays, Discrete Head Mounted Displays, Integrated Head Mounted Displays), By Technology (AR, VR), By Application (Consumer, Commercial, Enterprise and Industry, Engineering & Design, Aerospace & Design, Healthcare, Education, Others) & By Region – Forecast and Analysis 2021-2027” by SkyQuest
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North America is expected to have the largest market share of 28 % in 2021, and to grow at the highest CAGR throughout the forecast period. The large investments made by key market players are attributed to the market’s territorial growth. During the projection period, the Asia-Pacific area is expected to rise at a considerable CAGR. The presence of Chinese firms, as well as the development of cost-effective HMD models, is projected to boost market expansion in the region. One of the primary reasons for driving market growth is increased investment in the advancement of Head-Mounted Displays and their use in a variety of applications. Investors have flocked to the Head Mounted Display market, keen to back companies that have demonstrated the value of their inventions and solutions in recent years. In the military and defense sectors, head-mounted displays have become increasingly common. Warfare simulations, battlefield visualizations, digital twins, strategic virtual reality, incident management, visuospatial, weapon aiming, virtual terrain, and other critical operations all use Head-Mounted Displays. As a result, during the predicted period, this adds to market growth.
The major element contributing to the market’s growth over the projection period is key contributions from prominent industry players. Intel Corporation, Qualcomm, Inc., Alphabet, Inc., Meta Platforms Inc., Comcast Ventures, and Samsung Group are just a few of the major market players who are helping to drive the industry forward.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Findings
- Drivers- The increasing adoption of head-mounted displays across various sectors is a major factor driving market expansion. Head-Mounted Displays (HMDs) show digital images in 3D, improving the experience of gaming by presenting visuals and game screens that resemble real-world views.
- Restraint- The worldwide head-mounted display market has been delayed by major constraints such as raw material shortages and fulfilment, as well as transportation restrictions.
What does this Report Deliver?
- Market Estimation for 20+ Countries
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures
- Global and Country Market Trends
- Comprehensive Mapping of Industry Parameters
- Attractive Investment Proposition
- Competitive Strategies Adopted by Leading Market Participants
- Market drivers, restraints, opportunities and its impact on the market
- Market growth rate till 2027
- Global and Country Market trends
- Regulatory scenario, regional dynamics, and insights of leading countries in each region
- Segment trends and analysis
- Opportunity analysis by region and country
- Segment opportunity and growth
- Porter’s five force analysis to know the market’s condition
- Pricing analysis
- Parent market analysis
- Product portfolio benchmarking
SkyQuest has segmented the Global Head Mounted Display Market based on Type, Technology, Application, and Region:
- Global Head Mounted Display Market By Type (Revenue, USD Million, 2020 – 2027)
- Slide-On Head Mounted Displays
- Discrete Head Mounted Displays
- Integrated Head Mounted Displays
- Global Head Mounted Display Market By Technology (Revenue, USD Million, 2020 – 2027)
- Augmented Reality (AR)
- Virtual Reality (VR)
- Global Head Mounted Display Market By Application (Revenue, USD Million, 2020 – 2027)
- Consumer, Commercial
- Enterprise and Industry
- Engineering & Design
- Aerospace & Design
- Healthcare
- Education
- Others
- Global Head Mounted Display Market By Region (Revenue, USD Million, 2020 – 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- North America
List of Key Market Players of Global Head Mounted Display Market
- Sony Corp. (Japan)
- Google Inc. (US)
- Microsoft Corp. (US)
- Oculus VR (US)
- HTC Corporation (Taiwan)
- Seiko Epson Corporation (Japan)
- Samsung Electronics Co. Ltd. (South Korea)
- Lenovo Group Ltd. (China)
- Magic Leap Inc. (US)
- Vuzix (US)
- Panasonic Corp. (Japan)
- Xiaomi Corp. (China)
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
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