Head Mounted Display Market 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 2021-2028
The global head-mounted display market is projected to expand at a CAGR of 38% during the forecast period, 2020-2028. 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.
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 the 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.
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Attributes |
Details |
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Report Title |
Head Mounted Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Products (Helmet Mounted Displays and Wearable Glass), End-uses (Defense and Consumers), Applications (Imaging, Security, Tracking, and Training & Simulation) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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 (000’ 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)
Segments covered in the report
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
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.
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