North America Head Mounted Display Market – Growth & Forecast (2024 – 2032)

Head Mounted Display is a lightweight device mounted on user’s head to provide virtual information regarding the environment. Most of the head mounted displays have a screen for each eye, which gives the user to have a deeper view. Single-eye units are utilised to display hands-free instructional material, and dual-eye stereoscopic units are utilised for virtual reality applications.

North America Head Mounted Display Market Size & Growth:

North America Head Mounted Display market size is projected to reach $X Billion by the end of 2024 with a CAGR of XX% during the forecast period. Key Parameters promoting the market growth include surging demand from the defense services, consumer, and medical practice, high resolution three dimensional displays with capability of virtual world environment, demand for portable, advancement of human-computer interaction, use of improved devices for critical medical operation, increasing demand for light-weight HMDs to expand application base, declining prices of microdisplays, regulated demand for defense services, and increasing adoption of AR and VR technologies. The major restraints for this market are lack of standardisation of HMD design, lack of awareness and standard design specifications especially in developing economies.

Product penetration of head-mounted displays is witnessed to gain momentum in developing economies with key advancements in display and computing technologies during the forecast period, and these advancements have extended the applications of head-mounted displays to a wide range of end-use verticals, including sports, consumer markets, medical practices, and automation.

The growth rate of eyewear display market is witnessed to exceed helmet mounted displays during the forecast period due to the increasing preference for lightweight head-mounted display devices.

North America Head Mounted Display Market Share:

North America Head Mounted Display Market is classified by Product Type, by Component, by Connectivity, by Technology, by Application, by geography. By Product Type, the North America Head Mounted Display market is classified as head-mounted, eye-wear. Among these, helmet mounted displays are expected to dominate the market due to the use of HMDs for automotive prototyping provides an opportunity to virtually design a car and evaluate the exact positions of different parts in the vehicle. The eye-wear display is expected to have the impressive growth during the forecast period due to its popularity for being portable, light-weight and compact.

Based on Component, these are classified as processor and memory, controller, goggles, camera, display, relay optics, head trackers, pico projector, and sensor. Based on Connectivity, these are classified as wired and wireless. By Technology, these are classified as augmented reality and virtual reality.

By Application, these are classified as enterprise and industry, engineering & design, medical, video gaming and entertainment, training and simulation, industrial sector, and consumer. Among these, video gaming & entertainment market is expected to have the fastest growth during the forecast period 2018-2024 owing to the technological advancements in a display like high resolution and 3D video display with superior augmented video capabilities. Defence, aviation, and military are expected to dominate the HMDs market in end-user segment owing to the increasing adoption of HMD enabled devices for the simulation, security, training, monitoring, and tracking in developed countries.

North America is accounted for the largest market share during the forecast period 2018-2024 owing to the growing preference for portable and wearable computing devices, especially in end-user verticals including defence, safety services, and healthcare.

North America Head Mounted Display Market Trends:

• Many companies like Oculus, Google, Apple, and Microsoft are working on Wireless VR Head Mounted Displays due to the adoption of new Bluetooth standards and Apple’s new W1 wireless audio chip and earbuds.
• The technology and innovation in virtual retinal display focus on capturing developments in the visual image, synaptic interface screenless display forms, and virtual retinal.

North America Head Mounted Display Market Research Reports:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
• Identifying DROCin the current market and their impact in altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
• Sony Corporation
• Microsoft Corporation
• Google Inc.
• Bae Systems, Inc.
• Elbit Systems Ltd

Along with these companies, there were many other companies considered/cited in the report while analysing the North America Head Mounted Display market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.