Menu ×


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

  • Report ID: 56
  • Text Size:

Extensive insights into the Growth of Head Mounted Devices Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

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).

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. CLICK TO DOWNLOAD SAMPLE REPORT

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

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

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.

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.

Related Reports

Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved