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Get a free sample of Head Mounted Display (HMD) Market
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Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Industry players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the market.
Major players operating in the head mounted display industry are:
The aerospace & defence segment accounted for a market share of over 25% in 2023 and is expected to grow at a lucrative pace through 2032, fuelled by the need of head mounted displays to enhance situational awareness, training, and mission effectiveness.
Head mounted display industry was valued at over USD 18 billion in 2023 and is anticipated to grow at a CAGR of around 22% between 2024 & 2032, driven by their wider popularity among gaming enthusiasts and entertainment seekers.
North America head mounted display (HMD) market held a revenue share of over 30% in 2023 and is expected to grow significantly through 2032, driven by technological advancements and increased product adoption in the gaming, healthcare, and defence sectors.
Sony Corporation, HTC, Samsung and Panasonic Holding Corporation are some of the major industry contenders.