Head Mounted Display Hmd Market
Head Mounted Display (HMD) Market Forecasts to 2030 - Global Analysis By Product Type (Head Mounted and Eyewear), Type, Technology, Component, Connectivity, Application and By Geography
According to Stratistics MRC, the Global Head Mounted Display (HMD) Market is accounted for $5.7 billion in 2023 and is expected to reach $37.5 billion by 2030 growing at a CAGR of 30.8% during the forecast period. A Head Mounted Display (HMD) is a wearable device that combines a display unit with optics to create a virtual environment for the user. Typically used in virtual reality (VR) and augmented reality (AR) applications, HMDs provide immersive visual experiences by presenting digital content directly in front of the user's eyes. These devices can be tethered to a computer or operate wirelessly, featuring sensors to track head movements for a more realistic interaction.
Market Dynamics:
Driver:
Growing technological advancements
Continuous improvements in display resolutions, sensor technologies, and optics enhance the immersive experiences offered by HMDs. This progress fuels increased adoption across diverse sectors, including gaming, healthcare, and enterprise. As HMDs integrate cutting-edge features like augmented reality, gesture controls, and AI, they become more versatile and appealing to consumers. Additionally, advancements in 5G connectivity contribute to seamless data transmission; opening avenues for sophisticated applications drive the market.
Restraint:
High manufacturing costs
Elevated production expenses result in expensive end-products, limiting widespread consumer adoption and hindering market growth. The cost barrier is particularly pronounced in price-sensitive markets, restricting accessibility for a broader demographic. Additionally, high manufacturing costs can impede advancements in technology and feature enhancements, slowing down the pace of innovation within the HMD sector.
Opportunity:
Rise in gaming and entertainment applications
As the gaming industry demands increasingly immersive experiences, HMDs become pivotal for virtual reality game play. The surge in demand for HMDs extends beyond gaming, encompassing virtual experiences in movies and entertainment. This trend propels innovation, leading to enhanced display technologies and features. Manufacturers respond by developing HMDs with improved resolutions, wider fields of view, and advanced tracking capabilities. Consequently, the HMD market experiences substantial growth.
Threat:
Technical challenges
Issues such as latency, display resolution limitations, and tracking inaccuracies hinder the seamless performance of HMDs, impacting user experience. These challenges can result in suboptimal functionality, limiting the widespread adoption of HMDs across industries. Addressing technical hurdles requires significant research and development investments, potentially slowing down the pace of innovation. The persistence of these challenges may also affect consumer confidence and deter potential buyers, restricting the market's expansion
Covid-19 Impact
Supply chain disruptions, factory closures, and reduced consumer spending led to production delays and shortages. With remote work and virtual communication surging, there was an increased demand for HMDs for virtual meetings and immersive experiences. The pandemic accelerated innovation in the HMD sector emphasizing the need for enhanced remote collaboration and virtual solutions as the world navigates the post-pandemic landscape, the HMD market is poised for growth
The head mounted segment is expected to be the largest during the forecast period
The head mounted segment is estimated to have a lucrative growth, because these compact devices, worn like a headset, offer immersive virtual and augmented reality encounters. With a visual interface directly projected onto the user's eyes, HMDs transform entertainment, gaming, and professional applications. The effect is profound, engaging users in a captivating, interactive environment. From enhancing gaming escapades to enabling realistic training simulations, HMDs redefine how we perceive and interact with digital content, opening avenues for unprecedented levels of engagement and innovation in diverse fields.
The integrated HMD segment is expected to have the highest CAGR during the forecast period
The integrated HMD segment is anticipated to witness the highest CAGR growth during the forecast period; integrated HMDs enhance user interaction by seamlessly combining hardware and software functionalities. This synergy optimizes performance, offering users a more intuitive and realistic encounter with virtual environments. The unified design of integrated HMDs reduces bulkiness and enhances comfort, making them more user-friendly. The integration not only streamlines the user experience but also opens avenues for diverse applications, from gaming and education to healthcare and beyond.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the widespread adoption of AR and VR technologies in countries like China, Japan, and India. The region's large and expanding population, rising interest in gaming and entertainment, and the availability of cost-effective and lightweight HMDs are all contributing to this growth. Additionally, the ongoing development of consumer applications for HMDs in gaming, entertainment, education, and retail is fueling market expansion.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increasing consumer demand for enhanced connectivity and portability is expected to be the primary growth driver. In addition, the Military and defense sectors are one of the major end users of the head mounted display devices in North America. North American countries have faced so many challenges in their day-to-day operations due to the restrictions imposed by respective governments during pandemic.
Key players in the market
Some of the key players in the Head Mounted Display (HMD) Market include Sony, ByteDance, DPVR, Dynabook Americas, Everysight, Google LLC, HTC, Lynx, Magic Leap, Inc., Meta , Microsoft, Nimo Planet, Oculus VR, Optinvent, Panasonic , Samsung, Sieko Epson Corporatio, Thales, Ultraleap and Vuzix
Key Developments:
In January 2024, Sony Corporation has reached an agreement with World Athletics for sponsorship of their World Athletics Series events from 2024 to 2026. Based on this sponsorship, Sony will support all World Athletics Series events from the World Athletics Indoor Championships Glasgow 24, which will start on March 1st of this year.
In January 2024, Sony Corporation announced development of an immersive spatial content creation system, which includes an XR head-mounted display equipped with high-quality 4K OLED Microdisplays*2.
In January 2024, TikTok owner ByteDance looks to expand in US, Canada and Australia amid rising competition and political headwinds. ByteDance is also transferring existing employees from other regions to some of the new locations.
Product Types Covered:
• Head Mounted
• Eyewear
Types Covered:
• Integrated HMD
• Slide-on HMD
• Discrete HMD
Technologies Covered:
• Virtual Reality (VR)
• Augmented Reality (AR)
• Mixed Reality (MR)
Components Covered:
• Displays
• Lenses
• Sensors
• Controllers
• Cameras
• Processors & Memory
• Cases & Connectors
• Other Components
Connectivities Covered:
• Wireless
• Wired
Applications Covered:
• Commercial
• Consumer
• Healthcare
• Enterprise
• Engineering & Design
• Aerospace & Defence
• Education
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Head Mounted Display (HMD) Market, By Product Type
5.1 Introduction
5.2 Head Mounted
5.3 Eyewear
6 Global Head Mounted Display (HMD) Market, By Type
6.1 Introduction
6.2 Integrated HMD
6.3 Slide-on HMD
6.4 Discrete HMD
7 Global Head Mounted Display (HMD) Market, By Technology
7.1 Introduction
7.2 Virtual Reality (VR)
7.3 Augmented Reality (AR)
7.4 Mixed Reality (MR)
8 Global Head Mounted Display (HMD) Market, By Component
8.1 Introduction
8.2 Displays
8.3 Lenses
8.4 Sensors
8.5 Controllers
8.6 Cameras
8.7 Processors & Memory
8.8 Cases & Connectors
8.9 Other Components
9 Global Head Mounted Display (HMD) Market, By Connectivity
9.1 Introduction
9.2 Wireless
9.3 Wired
10 Global Head Mounted Display (HMD) Market, By Application
10.1 Introduction
10.2 Commercial
10.3 Consumer
10.4 Healthcare
10.5 Engineering & Design
10.6 Aerospace & Defence
10.7 Education
10.8 Other Applications
11 Global Head Mounted Display (HMD) Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Sony
13.2 ByteDance
13.3 DPVR
13.4 Dynabook Americas
13.5 Everysight
13.6 Google LLC
13.7 HTC
13.8 Lynx
13.9 Magic Leap, Inc.
13.10 Meta
13.11 Microsoft
13.12 Nimo Planet
13.13 Oculus VR
13.14 Optinvent
13.15 Panasonic
13.16 Samsung
13.17 Sieko Epson Corporation
13.18 Thales
13.19 Ultraleap
13.20 Vuzix
List of Tables
1 Global Head Mounted Display (HMD) Market Outlook, By Region (2021-2030) ($MN)
2 Global Head Mounted Display (HMD) Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Head Mounted Display (HMD) Market Outlook, By Head Mounted (2021-2030) ($MN)
4 Global Head Mounted Display (HMD) Market Outlook, By Eyewear (2021-2030) ($MN)
5 Global Head Mounted Display (HMD) Market Outlook, By Type (2021-2030) ($MN)
6 Global Head Mounted Display (HMD) Market Outlook, By Integrated HMD (2021-2030) ($MN)
7 Global Head Mounted Display (HMD) Market Outlook, By Slide-on HMD (2021-2030) ($MN)
8 Global Head Mounted Display (HMD) Market Outlook, By Discrete HMD (2021-2030) ($MN)
9 Global Head Mounted Display (HMD) Market Outlook, By Technology (2021-2030) ($MN)
10 Global Head Mounted Display (HMD) Market Outlook, By Virtual Reality (VR) (2021-2030) ($MN)
11 Global Head Mounted Display (HMD) Market Outlook, By Augmented Reality (AR) (2021-2030) ($MN)
12 Global Head Mounted Display (HMD) Market Outlook, By Mixed Reality (MR) (2021-2030) ($MN)
13 Global Head Mounted Display (HMD) Market Outlook, By Component (2021-2030) ($MN)
14 Global Head Mounted Display (HMD) Market Outlook, By Displays (2021-2030) ($MN)
15 Global Head Mounted Display (HMD) Market Outlook, By Lenses (2021-2030) ($MN)
16 Global Head Mounted Display (HMD) Market Outlook, By Sensors (2021-2030) ($MN)
17 Global Head Mounted Display (HMD) Market Outlook, By Controllers (2021-2030) ($MN)
18 Global Head Mounted Display (HMD) Market Outlook, By Cameras (2021-2030) ($MN)
19 Global Head Mounted Display (HMD) Market Outlook, By Processors & Memory (2021-2030) ($MN)
20 Global Head Mounted Display (HMD) Market Outlook, By Cases & Connectors (2021-2030) ($MN)
21 Global Head Mounted Display (HMD) Market Outlook, By Other Components (2021-2030) ($MN)
22 Global Head Mounted Display (HMD) Market Outlook, By Connectivity (2021-2030) ($MN)
23 Global Head Mounted Display (HMD) Market Outlook, By Wireless (2021-2030) ($MN)
24 Global Head Mounted Display (HMD) Market Outlook, By Wired (2021-2030) ($MN)
25 Global Head Mounted Display (HMD) Market Outlook, By Application (2021-2030) ($MN)
26 Global Head Mounted Display (HMD) Market Outlook, By Commercial (2021-2030) ($MN)
27 Global Head Mounted Display (HMD) Market Outlook, By Consumer (2021-2030) ($MN)
28 Global Head Mounted Display (HMD) Market Outlook, By Healthcare (2021-2030) ($MN)
29 Global Head Mounted Display (HMD) Market Outlook, By Engineering & Design (2021-2030) ($MN)
30 Global Head Mounted Display (HMD) Market Outlook, By Aerospace & Defence (2021-2030) ($MN)
31 Global Head Mounted Display (HMD) Market Outlook, By Education (2021-2030) ($MN)
32 Global Head Mounted Display (HMD) Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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