Head Mounted Display Market is Forecasted to Reach US$ 26 Billion in 2030, Says Stratview Research

The global head mounted display market is projected to witness a growth rate of 39.2% annually from 2024 to 2030, with an anticipated size of US$ 26 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global head mounted display market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Segment Insights on the Head Mounted Display Market:

The global head mounted display market is segmented based on component type, type, end-use type, and region.

Based on component type – Processors & memory is expected to remain dominant, whereas sensors to be the fastest-growing component type in the market during the forecast period.

• Processors & memory components are expected to remain dominant due to their higher demand for realistic experiences with better refresh rates.
• Sensors, processors, & memory are poised to grow due to growing demand for better processors, storage, and more accurate and responsive sensors.
• The growing demand for better sensors including gyroscopes, accelerometers, and magnetometers offers lucrative opportunities as these sensors track head movements accurately and make real-time adjustments to the displayed content, creating a realistic and immersive experience for users.

Based on type – Discrete HMD is expected to remain dominant whereas integrated HMD is likely to be the fastest-growing segment during the forecast period.

• Discrete HMDs are expected to remain the dominant type in the market. They offer superior visual quality, fewer connectivity issues, wired connection, comfort, and precise motion tracking to enhance the user experience.
• Discrete HMDs generally provide better performance, including higher resolution, better refresh rates, and more immersive experiences, compared to slide-on HMDs, which are limited by smartphone capabilities.

• Integrated HMDs are becoming popular in aerospace & defense, healthcare, and automotive industries, especially for training and simulation purposes.

Based on end-use type – Consumer segment dominated the market while the commercial segment is likely to become the dominant end-use driven by its fastest growth in the market during the forecast period.

• The gaming industry relies heavily on VR headsets for immersive experiences.
• The growing popularity of virtual and augmented reality in various industries is driving the demand for HMDs in both consumer and commercial markets.
• Commercial end-use is experiencing rapid growth in the head-mounted display (HMD) market due to the increasing adoption of augmented reality (AR) in retail, marketing, workplace training, remote collaboration, and maintenance.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest as well as the fastest-growing market for head-mounted display during the forecast period. This growth outlook is majorly attributed to the following–

• In China, Japan, and South Korea, video games and esports are extremely popular where China has the largest gaming market globally, Japan is known for its rich gaming history and iconic franchises, and South Korea has a particularly strong esports scene making the Asia-Pacific region a dominant force in the gaming industry overall.
• The region’s rapid urbanization, rising incomes, and technological advancements have increased consumer access to HMDs, leading to widespread adoption in both consumer and commercial segments.
• Asia-Pacific is a key hub for consumer electronics production and consumption due to increasing per capita income, strong economic growth, and access to low-cost labor.

Head Mounted Display Market Drivers:

Some of the key drivers listed in the report are given below.

The head mounted display (HMD) market is growing due to rising demand for immersive experiences in gaming, entertainment, and virtual reality. Technological advancements, including better display resolution, improved ergonomics, and seamless smartphone and computer integration are driving this growth. HMDs are also increasingly used in healthcare, education, and military training. As industries seek more interactive and engaging solutions, the demand for HMDs continues to expand.

Top 6 Companies in the Head Mounted Display Market:

Stratview Research has identified the following companies as the top market players (arranged alphabetically).

• DPVR
• Meta (Oculus)
• NAUE GmbH & Co.
• PICO Immersive Pte. Ltd. (ByteDance)
• Sony Group Corporation
• XREAL, Inc.

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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