According to a new report, published by KBV research, The Global Head Mounted Display (HMD) Market size is expected to reach $33.0 billion by 2030, rising at a market growth of 27.3% CAGR during the forecast period.
The Virtual Reality (VR) segment is registering maximum revenue in the Global Head Mounted Display (HMD) Market by Technology in 2022; thereby achieving a market value of $20.1 billion by 2030. Ongoing VR technology advancements, including display resolution improvements, refresh rates, and tracking capabilities, contributed to enhanced user experiences. These technological advancements made VR more compelling and attractive to a broader audience. Thus, there will be increased demand in the segment.
The Tethered HMD (Wired) segment would exhibit a CAGR of 28.2% during (2023 - 2030). Wired HMDs often provide higher bandwidth compared to their wireless counterparts. This makes them suitable for applications that demand large data transfer rates, such as high-resolution virtual reality (VR) experiences, complex simulations, and medical imaging. Owing to these aspects, the segment will witness a rising demand in the coming years.
The Displays segment is generating highest revenue in the Global Head Mounted Display (HMD) Market by Component in 2022; thereby, achieving a market value of $11.7 billion by 2030. Increasing pixel density enhances image clarity and reduces the screen door effect, where users perceive gaps between pixels. This improvement in visual fidelity is crucial for applications like gaming, where realistic graphics and smooth visuals contribute to a more enjoyable experience. Owing to these aspects, the segment will witness increased growth in the coming years.
The Aerospace & Defense segment is experiencing a CAGR of 28.7% during (2023 - 2030). HMDs are extensively used in the aerospace and defense sector for training simulations. Pilots and military personnel can undergo realistic virtual training scenarios, including flight simulations and mission rehearsals, using HMDs. This helps improve skills, decision-making, and preparedness for actual missions. These aspects will lead to the expansion of the segment.
The North America region dominated the Global Head Mounted Display (HMD) Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10.6 billion by 2030. The Europe region is anticipated to grow at a CAGR of 27% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 28.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/head-mounted-display-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Meta Platforms, Inc. (Meta), Sony Corporation, Microsoft Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Magic Leap, Inc., Google LLC (Alphabet Inc.), DPVR, Seiko Epson Corporation, HTC Corporation, and Vuzix Corporation
By Technology
By Connectivity
By Component
By Application
By Geography
Companies Profiled
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