Head-mounted Display (HMD) Market, By Product Type(Helmet Mounted Display, Eye Wear Display), By Component (Helmet Mounted Display (Micro-Display, Head Tracker, Camera, Connectivity, Combined Mirror, Control Unit, Helmet and Accessories) Eye Wear Display/Glass (Micro-Display, Goggle, Head Tracker, Controller, Connectivity, Battery and Accessories)), by Application (Defense, Aviation, & Military, Industrial Sector, Augmented & Virtual Reality, Research & Development, Healthcare, Video Gaming & Entertainment, Training & Simulation and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
A head-mounted display is an electronic wearable device, mounted on a head that includes a small display optic near the eye. The display optic projects a virtual environment in front of the user’s eyes. . The screens used in the head-mounted display are liquid crystal displays (LCDs) since they are compact, efficient, and lightweight. Moreover, LCDs provide better screen resolution and brightness. HMDs are majorly used in various applications including military, gaming, medical, sports, training and simulation, engineering, etc. Currently, optic head-mounted display (OHMD) is a wearable display that can reflect projected images and enables the user to see through it.
The global head-mounted displays (HMD) Market was valued for US$ 5.5 Bn in 2021.
Market Dynamics
Rapidly expanding the semiconductor and electronics industry is driving growth of the global wearable electronics market, which is indirectly boosting global HMD market growth. Increasing developments in display technology have resulted in the use of OLEDs for producing lightweight and flexible displays for HMDs. Moreover, HMD have multiple application in healthcare, defense, aviation, and military, industrial, etc owing to which the demand for HMD is expected to grow during the forecasted period. For Instance, Google offers Google Glass with integrated features such as Google translator, Google maps, etc., and offers various supporting features such as clicking images, recording videos, messaging, information sharing, etc. Moreover, Google Glass is also integrated with SHORE (Sophisticated High-Speed Object Recognition) software to treat autism. Considering these factors the market for global head-mounted display is expected to grow during the forecasted period 2022-30.
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