MarkNtel Advisors recently published a detailed industry analysis of the Head Mounted Display Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Head Mounted Display Market (2024-2030)
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,
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What is driving the Head Mounted Display Market?
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
What segments define the Head Mounted Display Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
(Discrete, Slide-On, Integrated),
By Technology
(Augmented Reality [AR], Virtual Reality [VR], Mixed Reality [MR]),
By Component
(Hardware [Processor and Memory, Controller, Sensor, Camera, Display, Lens, Case and Connector, Battery, Others], Software, Services),
By Product Type
(Head Mounted, Eyewear),
By Connectivity
(Wired, Wireless,
By End User
(Consumers [Video Games, Life Events, Video Entertainment, Enterprises [Aerospace and Defense, Healthcare, Construction, Automotive, Energy, Retail, Education]
By Region
North America, South America, Europe, The Middle East & Africa, Asia-Pacific
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Who are the leading key players shaping the Head Mounted Display Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the Head Mounted Display Market growth?
2.How is the Head Mounted Display Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Head Mounted Display Market?
4.What is the current size of the Head Mounted Display Market, and how is it projected to change in the future?
6.What is the future outlook for the Head Mounted Display Market in terms of technological advancements and market expansion?
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