Report Ocean recently released a research report on the Head-Mounted Display Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
Head-Mounted Display Market
The global Head-Mounted Display Market size was US$ 12.9 billion in 2020. The global Head-Mounted Display Market is forecast to reach the value of US$ 221.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 35.6% during the forecast period from 2021-2030.
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A head-mounted display is a projection technology that contains a tiny display optic. The device enables high resolution of physical images and is used in the healthcare, gaming, and defense sectors.
COVID-19 Impact Analysis
The head-mounted display market witnessed a significant slowdown during the COVID-19 epidemic. During the epidemic, the head-mounted display market witnessed a severe and abrupt disruption in the supply chain. China has been majorly affected by the COVID-19 pandemic. As the country is home to many prominent companies in the global head-mounted display market, the players witnessed many obstructions. The authorities of China and other nations banned import and export activities. As a result, the market players experienced significant difficulties. However, the impact of COVID-19 is forecast to reduce by 2021. Thus, the market would grow at the same pace during the forecast period from 2021-2030.
Factors Influencing
- The trending AR and VR adoption may upsurge the demand for the global Head-Mounted Display devices. Moreover, various companies have inked a partnership with defense agencies, healthcare, and entertainment industries. Thus, such events are forecast to expand the adoption of the HMD (Head-Mounted Display) devices.
- The growing demand for efficient, lightweight wearable computing devices may fuel the growth of the global head-mounted display market.
- The market is witnessing increasing demand from consumers for advancements in display technologies. Thus, these demands are offering favorable opportunities to the market players for developing high-resolution devices.
- The beneficial applications of head-mounted display devices in defense services and the healthcare sector may propel market growth in the coming years.
- The lack of knowledge regarding the benefits of the head-mounted display may hamper the market growth during the analysis period.
- The head-mounted display applications benefit the gaming sector. The devices enhance the gaming experience by enabling a 3D view for the users. As a result, it would fuel market growth.
Geographic Analysis
- North America is forecast to dominate the global head-mounted display market because of the growing demand for AR and VR technologies.
- Moreover, the high adoption of gaming technologies may create profitable opportunities for the prominent players in the global head-mounted display market.
- Apart from that, the advanced healthcare system in the region is forecast to be another factor propelling the market growth. Europe is forecast to contribute with the prominent share in the global head-mounted display market. It is due to the growing innovations and advancements in display technologies.
- The Asia-pacific region is forecast to register considerable growth, owing to the presence of some prominent players and cheap labor costs.
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Competitors in the Market
- Sony Group Corporation
- Microsoft
- HTC Corporation
- Facebook Technologies, LLC
- BAE Systems
- Samsung
- Seiko Epson Corporation
- Magic Leap, Inc.
- Lenovo
- Other prominent players
Market Segmentation
Head-Mounted Display Market, By Product Type
- Head-mounted
- Eyewear
Head-Mounted Display Market, By Component
- Processors and Memory
- Displays
- Lenses
- Sensors
- Controllers
- Cameras
Head-Mounted Display Market, By Connectivity
- Wired
- Wireless
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Head-Mounted Display Market, By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Head-Mounted Display Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Head-Mounted Display market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Head-Mounted Display Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Head-Mounted Display market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Head-Mounted Display market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Head-Mounted Display market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Head-Mounted Display market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Head-Mounted Display business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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