The head-mounted display market share is expected to increase by USD 36.09 billion from 2020 to 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 head-mounted display market segmentations by end-user (defense and industrial), application (combat and aviation, training and simulation, and others), and geography (North America, Europe, APAC, MEA, South America, 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 During the Forecast Period?
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Head-mounted Display Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The emergence of industry 4.0 is notably driving the head-mounted display market growth, although factors such as limited battery life may impede the 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.
Key Head-mounted Display Market Driver
The emergence of industry 4.0 is notably driving the global head-mounted display market growth. Emergence of Industry 4.0 Industry 4.0 represents the fourth industrial revolution in the manufacturing industry. The connected ecosystem using IoT will be instrumental in helping manufacturers and consumers provide improved communication and monitoring systems and increased automation, along with self-diagnosis and new levels of analysis, for a productive future. Industry 4.0 is the current transformation of industries, characterized by automation, cloud, cyber-physical systems, robots, big data, artificial intelligence (AI), and (semi-) autonomous techniques. Industrial wearable devices, such as Head-mounted displays and smart glasses, assist personnel in increasing productivity and communicating with machines during operations. With the emergence of Industry 4.0, the market is expected to see an accelerated demand for Head-mounted displays during the forecast period.
Key Head-mounted Display Market Trend
Increased deployment by the defense segment is the key market trend driving the global head-mounted display market growth. The AR segment will revolutionize army training. The rapid advances in VR and AR technologies, coupled with the increased government spending on training, have influenced the army to seize an opportunity to augment readiness. 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. The increased deployment of Head-mounted displays across the defense sector will positively impact the market during the forecast period.
Key Head-mounted Display Market Challenge
The limited battery life is the major challenge impeding the global head-mounted display market growth. One of the drawbacks of Head-mounted displays is their limited battery life. The average battery life of Head-mounted displays ranges between four and six hours of typical usage. Thus, there is a constant need to charge the device for longer hours of use. Users would need to constantly charge the device, which may even mean abandoning an operation mid-way. Finding a balance between the cost and efficiency of devices is a challenge for enterprises. Head-mounted displays are extensively deployed in industries for operations that run for long periods of 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.
Parent Market Analysis
Technavio categorizes the global head-mounted display market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the head-mounted display market during the forecast period.
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 head-mounted display market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- BAE Systems Plc - The company manufacturers head-mounted display such as head-up display, digital light engine and augmented reality display glasses.
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.
Head-mounted Display Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the head-mounted display market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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 the key market for head-mounted display market in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America
The region's dominance is because of the high military spending and increased adoption of Head-mounted displays in the military segment. In addition, the presence of several manufacturing industries in the region 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.
COVID Impact and Recovery Analysis
Nationwide lockdown restrictions were implemented for several months in 2020 to prevent the spread of COVID-19 in the region. As a result, supply chains in the regional market in focus were disrupted in 2020. However, the adoption of contactless delivery since Q3 2020 and relaxations in lockdown restrictions due to efficient vaccination drives are likely to drive the growth of the head-mounted display market in North America during the forecast period.
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 major vendors in the market cater to the defense segment, thereby to the combat and aviation segment. For instance, the Q-Sight family from BAE Systems offers a modular approach to provide pilots with heads-up and eyes-out capabilities and to deliver mission-critical situational awareness. These advances in terms of military expenditure and vendor activity will contribute to the growing demand for Head-mounted displays for combat and aviation applications during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the head-mounted display market size and actionable market insights on post COVID-19 impact on each segment.
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Head-mounted Display Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 45.79% |
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Market growth 2021-2025 |
$ 36.09 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
25.08 |
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Regional analysis |
North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, China, UK, Germany, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key 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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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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. |
What are the Key Data 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 head-mounted display industry across North America, Europe, APAC, MEA, South America, 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 head-mounted display market vendors
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