The Global Head Mounted Display Market is estimated to grow at a CAGR of around 33.81% during the forecast period, i.e., 2024-30. In 2024, the global head-mounted display market size was estimated to be around USD 12.02 billion.
Global Head Mounted Display Market Driver:
Exponential Growth in Demand from Defense Forces: The militaries across the globe are gradually integrating the latest technologies to ensure a competitive edge, reduce costs, and provide best-in-class training to their professionals. Moreover, the modernization of defense forces across the globe to ensure agility, improved effectiveness, flexibility in operations, and increased survivability is boosting the integration of head mounted displays for training and battlefield superiority. Countries such as the USA, India, Israel, China, Russia, EU, etc., have been actively contracting defense equipment suppliers for hmd displays. With the growth in electronic warfare infrastructure, these countries are increasingly relying on such technologies which are further integrated with the combat vehicles and aircraft.
- In 2024, the US Air Force signed a contract with Vuzix to provide augmented reality based head mounted displays
- In 2023, Collins Elbit Vision Systems (a joint venture of Raytheon and Elbit Systems) was contracted by the US Navy to provide head mounted displays. In addition, the sanctioned USD16 million to Collins Elbit Vision Systems to upgrade its existing head mounted equipment
- In 2021, the Indian army announced its plan to procure more than 550 augmented reality based head mounted displays to boost the capabilities of its shoulder-fired weapons
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Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Head Mounted Display Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Discrete- Market Size & Forecast 2019-2030, USD Million
- Slide-On- Market Size & Forecast 2019-2030, USD Million
- Integrated- Market Size & Forecast 2019-2030, USD Million
- By Technology
- Augmented Reality (AR)- Market Size & Forecast 2019-2030, USD Million
- Virtual Reality (VR)- Market Size & Forecast 2019-2030, USD Million
- Mixed Reality (MR)- Market Size & Forecast 2019-2030, USD Million
- By Component
- Hardware – Market Size & Forecast 2019-2030, USD Million
- Processor and Memory- Market Size & Forecast 2019-2030, USD Million
- Controller- Market Size & Forecast 2019-2030, USD Million
- Sensor- Market Size & Forecast 2019-2030, USD Million
- Camera- Market Size & Forecast 2019-2030, USD Million
- Display- Market Size & Forecast 2019-2030, USD Million
- Lens- Market Size & Forecast 2019-2030, USD Million
- Case and Connector- Market Size & Forecast 2019-2030, USD Million
- Battery- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Software – Market Size & Forecast 2019-2030, USD Million
- Services – Market Size & Forecast 2019-2030, USD Million
- Hardware – Market Size & Forecast 2019-2030, USD Million
- By Product Type
- Head Mounted- Market Size & Forecast 2019-2030, USD Million
- Eyewear- Market Size & Forecast 2019-2030, USD Million
- By Connectivity
- Wired- Market Size & Forecast 2019-2030, USD Million
- Wireless- Market Size & Forecast 2019-2030, USD Million
- By End User
- Consumers- Market Size & Forecast 2019-2030, USD Million
- Video Games – Market Size & Forecast 2019-2030, USD Million
- Life Events – Market Size & Forecast 2019-2030, USD Million
- Video Entertainment – Market Size & Forecast 2019-2030, USD Million
- Enterprises- Market Size & Forecast 2019-2030, USD Million
- Aerospace and Defense – Market Size & Forecast 2019-2030, USD Million
- Healthcare – Market Size & Forecast 2019-2030, USD Million
- Construction – Market Size & Forecast 2019-2030, USD Million
- Automotive- Market Size & Forecast 2019-2030, USD Million
- Energy- Market Size & Forecast 2019-2030, USD Million
- Retail- Market Size & Forecast 2019-2030, USD Million
- Education- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Consumers- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Meta, Sony Corporation, Microsoft, Google LLC, Samsung, BAE Systems, Magic Leap, Seiko Epson Corporation, HTC Corporation, Collins Aerospace, Lockheed Martin, Kopin Corporation, Thales, Elbit Systems Ltd, Beyeonics Ltd, Others
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