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Head Mounted Display Market Size, Share & Growth Report 2031

Head Mounted Display Market

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Segments - by Products (Helmet Mounted Displays and Wearable Glass), End-uses (Defense and Consumers), Applications (Imaging, Security, Tracking, and Training & Simulation) And Segment- Global Industry Analysis, Growth, Size, Share & Trends Analysis Report Forecast 2023-2031

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Author :

Raksha Sharma

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Amulya Agarwal

Editor :

Shruti Bhat

Report Description

Head Mounted Display Market Outlook 2031

The global head-mounted display market size was valued at USD 8.03 Billion in 2022 and is expected to reach USD 242.04 Billion by 2031 projected to expand at a CAGR of 46% during the forecast period, 2023-2031. The growth of the market is attributed to increasing demand for light weight wearable computing devices. Moreover, the reduction in price of micro displays is stimulating the market growth.

Head mounted displays (HMDs) are wearable display devices that give a real-time three-dimensional (3D) display. It has a simple design with high luminous efficiency. They are small displays or projection technology integrated into eyeglasses or mounted on helmet or hat. It does not block the user’s vision, but superimposes the image on the user’s view of the real world.

Latest technology are penetrating in the heads-up display market, which adds colors to the image directly. The user does not have to use big screens and can rely on modified eyeglasses that mirror the image back into the eye. Heads-up displays can also be projected on a surface of the car or plane windshield.

Head Mounted Display Market Trends, Drivers, Restraints and Opportunities

The 3D video displays with exclusive augmented video capabilities are some of the predominant drivers for the demand of head mounted displays across the globe.
Falling prices of electronic components such as micro-displays and sensors in the global market is fueling the penetration of head mounted displays around the world.
Increasing technology advancements and rising investments by major technology companies are driving the growth of the market.
Low battery life of the wireless head mount display can hamper the growth of the head mount display market.
Earlier HMDs used to be bulky and limited to few applications; however, with the deployment of latest technologies, the market is anticipated to boost during the forecast period.

Scope of Head Mounted Display Market Report:

The report on the global body shaping implants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Head Mounted Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (Helmet Mounted Displays and Wearable Glass), End-uses (Defense and Consumers), Applications (Imaging, Security, Tracking, and Training & Simulation)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	BAE Systems, Google Inc., Imagine Corporation, Seiko, Rockwell Collins, Epson, Vuzix, and Sony Corporation

Global Head-Mounted Display Market Segment Insights

Wearable market segment to account for a large market share

On the basis of products, the market is divided into helmet mounted and wearable glasses. The wearable glasses segment is anticipated to expand at CAGR during the forecast period. Wearable glasses offers driving directions, e-mails, and other notifications for consumer applications. Recently, various improvements took place in eyewear or wearable glass displays such as weight reduction and appealing aesthetic appearance.

Consumer electronics segment is growing at a rapid pace

Based on end-uses, the market is segmented into defense and consumers. Increasing demand for HMDs in the consumer electronics owing to the growing penetration of these products in gaming and entertainment purposes. On the other hand, the defense segment is anticipated to exhibit a high CAGR owing to the increasing spent of government on military applications.

Training & simulation segment to account for majority revenue share

In terms of applications, the head mounted display market is segmented into imaging, security, tracking, and training & simulation. The training & simulation segment is expected to account for major revenue share and is expected to dominate during the forecast period. The use of AR headsets is increasing in training, logistics and warehouse, manufacturing, assembling, and education, which in turn, is boosting the growth of training & simulation segment.

Asia Pacific to hold a considerable amount of revenue share

Based on the regions, the market is segregated into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the head mounted display market during the forecast period. The key factor in the growth of the market in the Asia Pacific is rising disposable income in the emerging economies such as India and China. Moreover, rising spent of government on the defense sector in the afore-mentioned economies is anticipated to propel the growth of the market in this region.

Segments

The global head mounted display market has been segmented on the basis of

Products

Head Mounted
Eyewear

End-uses

Defense
Consumers

Applications

Imaging
Security
Tracking
Training & Simulation

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

BAE Systems
Google Inc.
Imagine Corporation
Seiko
Rockwell Collins
Epson
Vuzix
Sony Corporation

Competitive Landscape

The key players of the market are BAE Systems, Google Inc., Imagine Corporation, Seiko, Rockwell Collins, Epson, Vuzix, and Sony Corporation.

Companies are engaging in product launches and partnerships to expand their market share. For instance, BAE Systems is working on the development of high performing AR glasses. The company is striving to combine revolutionary display capability and personal equipment technologies to create a high- performance system, within a low- profile design.

Global Head Mounted Display Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Head Mounted Display Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Head Mounted Display Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Head Mounted Display Market - Supply Chain
  4.5. Global Head Mounted Display Market Forecast
     4.5.1. Head Mounted Display Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Head Mounted Display Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Head Mounted Display Market Absolute $ Opportunity
5. Global Head Mounted Display Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Head Mounted Display Market Size and Volume Forecast by Applications
     5.3.1. Imaging
     5.3.2. Security
     5.3.3. Tracking
     5.3.4. Training & Simulation
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Head Mounted Display Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Head Mounted Display Market Size and Volume Forecast by End Users
     6.3.1. Defense
     6.3.2. Consumers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Head Mounted Display Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Head Mounted Display Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Head Mounted Display Demand Share Forecast, 2019-2026
8. North America Head Mounted Display Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Head Mounted Display Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Head Mounted Display Market Size and Volume Forecast by Applications
     8.4.1. Imaging
     8.4.2. Security
     8.4.3. Tracking
     8.4.4. Training & Simulation
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Head Mounted Display Market Size and Volume Forecast by End Users
     8.7.1. Defense
     8.7.2. Consumers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Head Mounted Display Demand Share Forecast, 2019-2026
9. Latin America Head Mounted Display Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Head Mounted Display Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Head Mounted Display Market Size and Volume Forecast by Applications
     9.4.1. Imaging
     9.4.2. Security
     9.4.3. Tracking
     9.4.4. Training & Simulation
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Head Mounted Display Market Size and Volume Forecast by End Users
     9.7.1. Defense
     9.7.2. Consumers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Head Mounted Display Demand Share Forecast, 2019-2026
10. Europe Head Mounted Display Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Head Mounted Display Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Head Mounted Display Market Size and Volume Forecast by Applications
     10.4.1. Imaging
     10.4.2. Security
     10.4.3. Tracking
     10.4.4. Training & Simulation
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Head Mounted Display Market Size and Volume Forecast by End Users
     10.7.1. Defense
     10.7.2. Consumers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Head Mounted Display Demand Share Forecast, 2019-2026
11. Asia Pacific Head Mounted Display Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Head Mounted Display Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Head Mounted Display Market Size and Volume Forecast by Applications
     11.4.1. Imaging
     11.4.2. Security
     11.4.3. Tracking
     11.4.4. Training & Simulation
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Head Mounted Display Market Size and Volume Forecast by End Users
     11.7.1. Defense
     11.7.2. Consumers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Head Mounted Display Demand Share Forecast, 2019-2026
12. Middle East & Africa Head Mounted Display Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Head Mounted Display Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Head Mounted Display Market Size and Volume Forecast by Applications
     12.4.1. Imaging
     12.4.2. Security
     12.4.3. Tracking
     12.4.4. Training & Simulation
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Head Mounted Display Market Size and Volume Forecast by End Users
     12.7.1. Defense
     12.7.2. Consumers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Head Mounted Display Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Head Mounted Display Market: Market Share Analysis
  13.2. Head Mounted Display Distributors and Customers
  13.3. Head Mounted Display Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BAE Systems
     13.4.2. Google Inc.
     13.4.3. Imagine Corporation
     13.4.4. Seiko
     13.4.5. Rockwell Collins
     13.4.6. Epson
     13.4.7. Vuzix
     13.4.8. Sony Corporation

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