Head-mounted Display Market by End user, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70939
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The head-mounted display (HMD) market has the potential to grow by USD 36.09 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 45.79%.

This head-mounted display market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (defense and industrial), application (combat and aviation, training and simulation, and others), and geography (North America, Europe, APAC, MEA, and South America). The head-mounted display market report also offers information on several market vendors, including BAE Systems Plc, CINOPTICS, Collins Aerospace, Elbit Systems Ltd., Fujitsu Ltd., HTC Corp., Microsoft Corp., Samsung Electronics Co. Ltd., Seiko Epson Corp., and Sony Group Corp. among others.

What will the Head-mounted Display Market Size be in 2021?

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Head-mounted Display Market: Key Drivers and Trends

The growing demand for smart wearables is notably driving the HMD market growth, although factors such as limited battery life may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the head-mounted display industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The growing demand for smart wearables will fuel the growth of the head-mounted display market size.
  • Smart wearables include head-mounted displays, smart glasses, smart rings, smartwatches, and smart clothing.
  • Smart wearables are the next step toward consumer IoT (CIoT), which includes the IoT of consumer appliances, cases, and devices.
  • Head-mounted displays are increasingly being adopted across segments, such as defense and industries.
  • Head-mounted displays can be used as stand-alone products that are integrated with certain software for their functioning.
  • They are typically used for training and simulation and creating situational awareness. 
  • The increased deployment of head-mounted displays across the defense sector will positively impact the market during the forecast period. 
  • The defense segment is a key end-user of head-mounted displays. These devices are primarily used for training and simulation and during combat.
  • Head-mounted displays are particularly used by ground force troops.
  • AR technology is deployed for various applications across the military, defense, and aviation segments.
  • AR can provide information, such as enemy location, to soldiers within their line of sight. AR technology is extensively used for training and simulation purposes.
  • The integration of AR with live training will enable units to achieve the highest levels of warfighting readiness and will also help in saving time.

This head-mounted display market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Head-mounted Display Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BAE Systems Plc
  • CINOPTICS
  • Collins Aerospace
  • Elbit Systems Ltd.
  • Fujitsu Ltd.
  • HTC Corp.
  • Microsoft Corp.
  • Samsung Electronics Co. Ltd.
  • Seiko Epson Corp.
  • Sony Group Corp.

 

This statistical study of the head-mounted display market encompasses successful business strategies deployed by the key vendors. The HMD market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The head-mounted display market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Head-mounted Display Market?

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39% of the market’s growth will originate from North America during the forecast period. The US is a key market for head-mounted displays in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The high military spending and increased adoption of head-mounted displays in the military segment will facilitate the head-mounted display market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Head-mounted Display Market?

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The head-mounted display market share growth by the defense segment will be significant during the forecast period. The defense segment consists of military, navy, and aerospace troops. Head-mounted displays are either deployed by aerial, land, or seaborne workforce. Head-mounted displays are typically used for mission-critical situational awareness among the workforce. The increase in the military budget, coupled with product releases by vendors, will drive the HMD market in the defense segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the HMD market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Head-mounted Display Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive head-mounted display market growth during the next five years
  • Precise estimation of the head-mounted display market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the HMD industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of HMD market vendors

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Head-mounted Display Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 45.79%

Market growth 2021-2025

$ 36.09 billion

Market structure

Fragmented

YoY growth (%)

25.08

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BAE Systems Plc, CINOPTICS, Collins Aerospace, Elbit Systems Ltd., Fujitsu Ltd., HTC Corp., Microsoft Corp., Samsung Electronics Co. Ltd., Seiko Epson Corp., and Sony Group Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Combat and aviation - Market size and forecast 2020-2025
    • Training and simulation - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Defense - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • BAE Systems Plc
      • CINOPTICS
      • Collins Aerospace
      • Elbit Systems Ltd.
      • Fujitsu Ltd.
      • HTC Corp.
      • Microsoft Corp.
      • Samsung Electronics Co. Ltd.
      • Seiko Epson Corp.
      • Sony Group Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The head-mounted display market growth will increase by $36.09 billion during 2020-2025.
      The head-mounted display market is expected to grow at a CAGR of 45.79% during 2020-2025.
      Technavio has segmented the head-mounted display market by end user (Defense and Industrial) ,application (Combat and aviation, Training and simulation, and Others) , and geographic (North America, Europe, APAC, MEA, and South America).
      BAE Systems Plc, CINOPTICS, Collins Aerospace, Elbit Systems Ltd., Fujitsu Ltd., HTC Corp., Microsoft Corp., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sony Group Corp. are a few of the key vendors in the head-mounted display market.
      North America will register the highest growth rate of 38.6% among the other regions. Therefore, the head-mounted display market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the head-mounted display market growth are:
      • Emergence of Industry 4.0
      The head-mounted display market vendors should focus on grabbing business opportunities from the defense segment as it accounted for the largest market share in the base year.
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