Head Mounted Display Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

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The Head Mounted Display (HMD) market is expected to grow to USD 104.53 billion by 2031. Head mounted displays and other solutions. The price cuts for micro displays are a good sign for the market. Beyond this, the growing demand for mobile-based AR solutions will set the stage for growth in the next few years. 
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In a new study, Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, provides insights into key factors driving demand for head mounted display products. This report tracks global sales of head mounted display products in over 20 high growth markets and analyzes the impact of COVID-19 on global adoption of head mounted display solutions along with pre- and post-corona market growth. analyze.Head Mounted Display Market Key Regions and Applications mekko Chart, 2021

How does the history and future prospects of the head mounted display market match?Between 2016 and 2020, the Head Mounted Display market recorded a CAGR of 16.1%. The growing adoption of AR/VR technology has increased the demand for the head mounted display market.Head mounted displays play an important role in AR/VR technology. Because it is a connector that connects users and settings. The advent of head mounted displays has helped to provide users with better comfort and improved ergonomics. This has improved your experience with VR/AR technology.Various technology vendors are developing advanced head-mounted displays to enhance the user experience for AR/VR technology. These factors are expected to increase the demand for head mounted displays, expanding the market at a CAGR of exceeding 25.9% throughout 2021. -2031 evaluation period.

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How is the demand from the defense industry impacting the sales of head mounted displays?

HMDs are used in the aerospace and defense industries for war simulation, battlefield visualization, tactical augmented reality, digital twins, spatial orientation, situational awareness, weapon aiming, digital terrain and other critical tasks.

According to Goldman Sachs, the AR/VR industry is expected to generate $1.4 billion in revenue from the military sector alone by 2025.

HMDs are frequently used to create Synthetic Training Environments (STEs) in aerospace and defense applications. STE can create immersive modules for defense training troughs with AR systems. It helps to improve the training of soldiers such as snowy mountains and deserts, sailing, deep forest and teamwork.

Market Share Analysis of Head Mounted Display CompaniesThe head mounted display market is highly concentrated, which can be attributed to the fact that local and emerging suppliers hold a major share in the market. Companies with 10-12% market share are Tier 1 companies, and this group includes players such as Microsoft Corporation, Google, Samsung and BAE Systems.Companies with more than 7% and less than 10% of the market share are promising players. These companies are likely to show rapid growth trends and take advantage of the opportunities the global market has to offer to accommodate business expansion and revenue generation. This group includes Elbit Systems, Huawei Technologies, and HTC Corporation.Companies that are relatively small and have less than 7% market share are strategizing to attract new customers from overseas markets. Companies in this group are Xiaomi, Avegant Corp. and LG Electronics.

Head Mounted Display Market Competitive Landscape

FMI introduced the following prominent head mounted display providers in their report:

  • microsoft company
  • Google
  • Samsung
  • BAE Systems
  • Elbit Systems
  • huawei technology
  • HTC Corporation
  • Sony Corporation
Major Segments of Head Mounted Display Marketproduct type

  • head mount
  • glasses

HMD type

  • Discrete HMD
  • Integrated HMD
  • slide-on HMD

application

  • Games, Media and Entertainment
  • Aerospace and Defense
  • Medical and medical devices
  • Engineering and industrial applications
  • education
  • Etc

area

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

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Key questions answered in the report

  • Who Are the Top Players in the Head Mounted Display Market?

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