Market Opportunities and Challenges in the Head-mounted Display Industry

1
MarketsandMarkets Presents
The Head-Mounted Display Market is expected to
grow from USD 5.5 billion in 2021 to USD 36.5
billion by 2026, at a CAGR of 46.0. The market
growth can be attributed to several factors, such
as surge in investments by major players in
development of HMDs, increased adoption of AR and
VR technologies due to COVID-19, availability of
low-cost HMDs, and technological advancements and
growing digitalization.
2
MarketsandMarkets Presents
Integrated HMDs to account for the largest share
of Head-Mounted Display Market in
2020 Integrated HMD, also called optical HMD
(OHMD), is the most expensive and sophisticated
type of HMD. It is an independent computing
device, as it can deliver VR and AR experiences
to users without any external hardware such as a
PC or smartphone. Microsoft Corporation (US),
Magic Leap, Inc. (US), and Osterhout Design Group
(US) are among the companies that provide
integrated HMDs. With the growing advent of HMDs
and advancements in them, it is expected that
integrated HMDs will play a key role in the
development of the overall HMD market.
3
MarketsandMarkets Presents
Augmented reality technology to grow at the
fastest rate during the forecast period The use
of mobile phones for 3D navigation with a
real-time overlay of computer graphics has
numerous applications in the gaming sector and
other industries this is expected to drive the
growth of the AR segment. Increasing importance
of AR HMDs or smart glasses in the enterprise and
industry application is also expected to drive
this segment. AR headsets can provide employees
with a host of tools, such as training videos,
visualized data, and access to multiple desktop
screens for performing various activities. Downloa
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4
MarketsandMarkets Presents
Americas is leading the Market Head-Mounted
Display Market in 2020 Americas held the largest
share in the Head-Mounted Display Market in 2020.
The increased acceptance of AR and VR devices by
enterprise users to improve productivity and
accuracy has been the key factor driving the
growth of the HMD Market in Americas. The use of
AR and VR technologies in consumer electronics
also propels the growth of the market.
5
MarketsandMarkets Presents
Key Players Some of the key companies operating
in the market are Sony (Japan), Google (US),
Microsoft (US), Oculus (US), HTC (Taiwan), Seiko
Epson (Japan), Samsung (South Korea), Lenovo
(China), Magic Leap (US), and Vuzix (US) and so
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6
MarketsandMarkets Presents
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7
MarketsandMarkets Presents
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