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
According to MarkNtel Advisors study, The Global 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.
The development of Head Mounted Displays for applications like defense, gaming, healthcare, etc., involves high research & development expenditure. Companies such as Apple, Sony, META, etc., intended to provide enhanced user experience via their hmd display users across industries by investing a considerable amount in designing. So, their system integrators and suppliers are required to provide best-in-class products such as displays, sensors, processors, etc. Also, the prototyping, miniaturization, and integration of these components to provide the desired output is a complex task that requires considerable resources and highly skilled manpower.
Moreover, the raw material and the manufacturing ecosystem to develop these components are majorly concentrated in Eastern Asian countries such as China, Japan, South Korea, Taiwan, and some parts of Southeast Asia which is emerging as the next hotspot for geopolitical tensions. So, any volatility in the commodity prices directly adds up to the cost of components.
As the high cost of research and development is factored in, the cost of the head mounted display for the end users also goes up.
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Key Findings in Head Mounted Display Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Head Mounted Display Market Key Players:
Meta, Sony Corporation, Microsoft, Google LLC, Samsung, BAE Systems, Magic Leap, Seiko Epson Corporation, HTC Corporation, Collins Aerospace, Lockheed Martin, Kopin Corporation, Thales, Elbit Systems Ltd, Beyeonics Ltd, Others
Market Segmentation Overview:
By Type
-Discrete
-Slide-On
-Integrated
By Technology
-Augmented Reality (AR)
-Virtual Reality (VR)
-Mixed Reality (MR)
By Component
-Hardware
–Processor and Memory
–Controller
–Sensor
–Camera
–Display
–Lens
–Case and Connector
–Battery
–Others
-Software
-Services
By Product Type
-Head Mounted
-Eyewear
By Connectivity
-Wired
-Wireless
By End User
-Consumers
–Video Games
–Life Events
–Video Entertainment
-Enterprises
–Aerospace and Defense
–Healthcare
–Construction
–Automotive
–Energy
–Retail
–Education
–Others
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By Region
- The US
- Canada
- Mexico
The Head Mounted Display Industry Recent Development:
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
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