Head Mounted Display (HMD) Market worth $26.4 billion by 2029 - Exclusive Report by MarketsandMarkets™

CHICAGO, Dec. 8, 2023 /PRNewswire/ -- The Head-mounted Display (HMD) market is projected to reach USD 26.4 billion by 2029 from USD 7.5 billion in 2024 at a CAGR of 28.8% during the forecast period according to a new report by MarketsandMarkets™. Growing investments by significant key players in the development of HMD, availability of low-cost HMDs, growing demand for AR and VR, and Affordable microdisplay prices are some of the major factors contributing to the growth of Head-mounted Display (HMD) market. Moreover, Industry collaborations, involving HMD manufacturers, content developers, and key players, fuel market expansion, driving innovation and advancing the overall immersive technology ecosystem.

Browse in-depth TOC on "Head Mounted Display (HMD) Market" 
210 – Tables
60 – Figures
260 – Pages

Head Mounted Display (HMD) Market Report Scope:

VR HMD to dominate the Head-mounted Display (HMD) market from 2024 to 2029.

The VR HMD market is anticipated to experience significant growth due to several factors. The rising popularity of VR headsets in the gaming industry, fueled by recent product launches like Meta Quest 3, PlayStation VR2, Pico Neo 4, and Vive XR Elite, is a key driver. Moreover, VR adoption is expanding in the enterprise sector for training, simulation, and collaboration, with products like HTC Vive Pro 2, Varjo XR-3, Microsoft HoloLens 2, and Pico Neo 3 Pro gaining traction. Additionally, VR applications are expanding beyond gaming and enterprise, with Immerse VR, STRIVR, Surgical Theater, and Vertebrae finding applications in healthcare, education, and retail. Further contributing to the VR HMD market's growth is the decreasing cost of VR headsets, improving performance, and increasing availability of VR content. As a result, the VR HMD market is poised for continued growth and accounts for the larger share of HMD market.

Processors and Memory to register highest CAGR in the Head-mounted Display (HMD) market during forecast period.

The increasing demand for immersive experiences in gaming, healthcare, education, and enterprise applications has propelled the Head-Mounted Display (HMD) market. Processors and memory components are registering the highest Compound Annual Growth Rate (CAGR) due to ongoing technological advancements, the need for realistic graphics and spatial tracking, and the rising adoption of HMDs in enterprise settings. The healthcare industry relies on powerful processors for medical training and simulations, while the education sector integrates HMDs for virtual classrooms and interactive learning. The miniaturization of HMDs and the emphasis on portability also drive innovation in processors and memory technologies.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=729

Americas accounted for the largest share of the market in 2023.

The Americas, encompassing North and South America, dominate the Head-Mounted Display (HMD) industry, with North America leading in growth. The region's strong position is driven by increased investments and adoption of AR smart glasses in the US and Canada, particularly for enterprise applications. The use of AR and VR devices for productivity improvement across sectors like aerospace, healthcare, and consumer electronics propels North America's market expansion.

Key Players

Collaborations between key HMD players and North American industries, along with the presence of major global companies like PTC (US), Magic Leap (US), Microsoft (US), and Google (US) are some of the market players, contribute to the region's leadership in the global Head-Mounted Display (HMD) companies.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=729

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Augmented & Virtual Reality Market by Enterprise (Small, Medium, Large), Technology ( AR and VR), Offering (Hardware, Software), Device Type (AR, VR Devices), Application (AR Application, VR Application) and Region - Global Forecast to 2028

Mobile Augmented Reality Market with COVID-19 Impact Analysis by Device Type (Smartphones, Tablets, PDAs), Offering (Software, Services), Application (Consumer, Healthcare, Enterprise, Commercial), and Region - Global Forecast to 2025

Wearable Display Market by Product Type (Smart Bands, Smartwatches, Head-Mounted Displays), Display Technology (LED-Backlit LCD, OLED), Panel Type (Rigid, Flexible, Microdisplay), Display Size, Vertical, and Geography - Global Forecast to 2023

Augmented Reality Market by Device Type (Head-mounted Display, Head-up Display), Offering (Hardware, Software), Application (Consumer, Commercial, Healthcare), Technology, and Geography - Global Forecast to 2026

AR and VR Display Market by Device Type (AR HMDs, VR HMDs, AR HUDs, VR Projectors), Technology, Display Technology (LCD, OLED, Micro-LED), Application (Consumer, Commercial, Enterprise, Healthcare, Aerospace & Defense) & Region - Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/head-mounted-display-hmd-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/head-mounted-display.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg 

View original content:https://www.prnewswire.com/news-releases/head-mounted-display-hmd-market-worth-26-4-billion-by-2029---exclusive-report-by-marketsandmarkets-302009808.html

SOURCE MarketsandMarkets