About Head-Mounted Display
A head-mounted display is a display device with a small display optic in front of one or both eyes that is worn on the head or as part of a helmet. Gaming, aviation, engineering, and medical are just a few of the applications for a head-mounted display. HMDs with IMUs are used in virtual reality headsets. As the link between the user and the setup, the head-mounted display is crucial in AR/VR technologies. The introduction of head-mounted displays has aided users in achieving greater comfort and enhanced ergonomics. As a result, their experience with VR/AR technology has enhanced. Robust systems and high-speed networks are required to employ HMDs with AR/VR technology. This is necessary for head-mounted displays to function properly and provide consumers with a high level of network performance. Virtual reality head-mounted displays require a powerful computer or device to run. The introduction of 5G technology is expected to allow state-of-the-art HMDs to perform better and more reliably. Storage, power usage, and computing power will be pushed from the PC to the cloud by 5G technology. As a result, users can use Head Mounted Displays to enjoy AR/VR technologies at any time and from any place.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Head-Mounted Display market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sony (Japan), Google (United States), Microsoft (United States), Oculus (United States), HTC (Taiwan), Seiko Epson (Japan), Samsung (South Korea), Lenovo (China), Bharat Electronics (India), Huawei Technologies (China), Xiaomi (China) and Magic Leap (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Thales Visionix, Inc. (United States) and Vuzix (United States).
Segmentation Overview
AMA Research has segmented the market of Global Head-Mounted Display market by Type (Slide-on HMD, Integrated HMD and Discrete HMD), Application (Processors and Memory, Displays, Lenses, Sensors, Cases and Connectors and Others) and Region.
On the basis of geography, the market of Head-Mounted Display has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. AR Technology will boost the Head-Mounted Display market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Wired will boost the Head-Mounted Display market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Demand for Lightweight HMDs and Portable Devices and Availability of Low-Cost HMDs
Market Growth Drivers:
Surge in Investments by Major Players in Development of HMDs and Increased Adoption of AR and VR Technologies
Challenges:
Lack of Standardization for HMD design
Restraints:
Display Latency and Energy Consumption affect Overall Performance of VR Devices
Opportunities:
The growing use of HMDs for video games, Technological Advancements and Growing Digitalization and Increasing Demand for Enriched Content from Gaming Sector
Market Leaders and their expansionary development strategies
January 2021 – Magic Leap Announces Partnership with Google Cloud to Build the Next Era of Spatial Computing on Google Cloud
March 2021 – Sony has unveiled its new VR controllers that would be different from the ball-on-a-stick controllers used in PS4. Sony has also stated that the controllers will come with adaptive triggers, haptic feedback, and finger touch detection features and February 2021 – Bharat Electronics Limited (BEL) and Elbit Systems Limited, Israel, have signed a Technical Collaboration Agreement (TCA) for Licensed Manufacturing of Helmet Mounted Display System (HMDS)/Helmet Pointing System (HPS) Version 02
Key Target Audience
Manufacturers of Head-mounted Display (HMD), Suppliers of Head-mounted Display (HMD), Wholesalers, Distributors and Retailers of Head-mounted Display (HMD), Investors, Software Providers, Technology Providers, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.