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Head Mounted Devices Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : December, 2018 REP-ID-56 Category: ICT & Electronics

Head mounted displays (HMDs) are light weight devices that are mounted or worn by a user on head and have a small display screen in-front of the eye. With the help of HMDs, users experience a world of virtual and augmented reality by connecting these devices with external sources such as smartphones and PCs.

The global head mounted displays (HMDs) market was valued at USD 887.5 Million in 2014 and is anticipated to reach at USD 13,168 Million by 2020, exhibiting a compound annual growth rate (CAGR) of 56.8%. Regionally, the global head mounted devices (HMDs) market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row).l 

Market Segmentation

  • By Product

Based on products, global HMDs market can be segmented into:

  • Helmet Mounted Displays
  • Wearable Glass

By Applications

On the basis of end use, global HMDs market is segmented as:

  • Video Gaming
  • Defense
  • Medical
  • Engineering
  • Construction
  • Others

By Component

Global HMDs market is divided on the basis of components into:

  • Hardware
  • Software

By Technology

Based on technology, global head mounted displays (HMDs) market can be segmented in to

  • Virtual Reality
  • Augmented Reality

Growth Drivers and challenges

Increasing demand of virtual and augmented reality in gaming, defense and other sectors is anticipated to be a key driver of the global HMDs market during the forecast period i.e. 2015-2021.

In addition to that, rising demand of lightweight wearables is also expected to garner the growth of HMDs market over next few years.

However, lack of awareness and standardization in HMDs is expected to hamper the growth of global HMDs market in the future.

Market Size and Forecast

With 36.0% share, North America held the largest HMDs market in 2014 and is further expected to witness a steady growth over the forecast period. The market in the region is likely to get propelled from rising technological advancements in wearable devices.            

Europe was the second largest HMDs market, behind North America. Expansion of automotive industry in Europe is anticipated to drive the demand of HMDs over coming 4-5 years.

Asia-Pacific HMDs market was valued at USD 80.0 Million in 2014 and is further projected to witness the highest growth rate over the forecast period i.e. 2015-2021. The market in the region is likely to get bolstered from escalating demand of HMDs from medical industry.

Key Players

Global Head Mounted Displays (HMDs) market includes some of the major organizations such as Sony Corporation, Google Corporation, Oculus VR, Samsung, Rockwell Collins, etc.

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