Home > Semiconductors & Electronics > Displays > Head Mounted Display (HMD) Market

Head Mounted Display (HMD) Market Size

Report ID: GMI7647
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Head Mounted Display Market Size

Head Mounted Display Market was valued at over USD 18 billion in 2023 and is anticipated to grow at a CAGR of around 22% between 2024 & 2032.

To get key market trends

Download Free Sample

A head mounted display is a wearable device that presents visual information directly in the user's field of view. It typically consists of a display unit worn on the head, resembling glasses or a helmet, providing Augmented Reality (AR) or Virtual Reality (VR) experiences. These displays can overlay digital information onto the real world (AR) or create entirely immersive digital environments (VR) for entertainment, training, or professional applications. They provide immersive experiences by creating lifelike environments and increasing user engagement. Their ability to deliver VR experiences broadens the range of entertainment options, from interactive storytelling to virtual tours and live events. HMDs are becoming increasingly important for gaming enthusiasts and entertainment seekers as consumer demand for more immersive & realistic experiences grows, fueling market expansion.

Head Mounted Display Market Report Attributes
Report Attribute	Details
Base Year:	2023
Head Mounted Display Market Size in 2023:	USD 18 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	22%
2032 Value Projection:	USD 110 Billion
Historical Data for:	2018 – 2023
No. of Pages:	200
Tables, Charts & Figures:	337
Segments covered:	Type, Connectivity, Technology, and Application
Growth Drivers:	Increasing adoption in gaming and entertainment Increasing demand for AR and VR Growing demand for lightweight HMDs and portable devices Growing consumer adoption Expanding enterprise applications
Pitfalls & Challenges:	Concerns over health and safety Interoperability and compatibility

Learn more about the key segments shaping this market

Download Free Sample

For instance, in October 2020, Meta introduced the Oculus Quest 2, a versatile headset capable of functioning independently with its internal Android-based operating system or seamlessly integrating with Oculus-compatible VR software when connected to a desktop computer.

Health and safety concerns about HMDs pose a significant risk. Eye strain, motion sickness, and the possibility of visual impairment from prolonged use all deter wide adoption. To overcome this obstacle, strict adherence to safety standards, ergonomic design improvements, and comprehensive user guidelines are required. Addressing these concerns effectively is critical for assuaging fears, establishing trust, and paving the way for broader acceptance and successful integration of HMD technology across industries.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

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.

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.

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.