Head-Mounted Display Market to Grow at 35% CAGR by 2026 Driven by Rising Adoption in Consumer Applications and Augmented Reality/Virtual Reality Technology

Strategic Insights -

The global head-mounted display market is expected to experience significant growth, driven by the increasing adoption of augmented reality (AR) and virtual reality (VR) technology in consumer applications. Head-mounted displays are highly immersive display devices that are primarily used for e-learning, video games, and other digital entertainment. The rising demand for VR games and the launch of new VR headsets by major players such as Sony and Microsoft are expected to drive market growth.

Key Takeaways:

  • The global head-mounted display market is expected to grow at a CAGR of nearly 35.0% during the forecast period.
  • The major drivers of market growth include rising adoption in consumer applications and increasing adoption of AR and VR technology.
  • Head-mounted displays are highly immersive display devices that are primarily used for e-learning, video games, and other digital entertainment.
  • The market is segmented based on application and technology, with the entertainment segment accounting for the largest share of the market.
  • The augmented reality (AR) technology segment is expected to witness the fastest growth during the forecast period.
  • Key players operating in the market include Google, Microsoft, Samsung, Sony, and BAE Systems.
  • The market players are focusing on the development of head-mounted displays for different applications, such as gaming, education, and healthcare.
  • Research and Markets estimated the global head-mounted display market to be valued at $12.63 billion in 2020 and expected to reach $38.51 billion by 2026.

Statistics:

  • The global head-mounted display market is expected to grow at a CAGR of 35.0% during the forecast period.
  • The market is segmented based on application and technology, with the entertainment segment accounting for the largest share of the market.
  • The technology segment is further segmented into virtual reality (VR) and augmented reality (AR), with the AR technology segment expected to witness the fastest growth during the forecast period.
  • The market is expected to be driven by the rising demand for VR games and the launch of new VR headsets by major players.
  • The global head-mounted display market was valued at $12.63 billion in 2020 and expected to reach $38.51 billion by 2026.

Sources:

  • "Head Mounted Display Market 2020-2026" report added to ResearchAndMarkets.com's offering on June 10, 2021.
  • Press release by Research and Markets.
  • Sources mentioned in the original text:

ResearchAndMarkets.com

Press release by Research and Markets