$ 36.09 bn Growth in Head-mounted Display Market from 2021 to 2025|North America to emerge as key region |Discover more insights by Technavio

Drivers and Challenges

Technavio has identified the major drivers and challenges that impact the head-mounted display market. According to our research, the growing demand for smart wearables is driving the market. However, actors such as limited battery life may hamper market growth during the forecast period.

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COVID-19 impact

The COVID-19 pandemic brought the world to a standstill and impacted many markets and industries in different ways. Technavio's report provides a thorough analysis of the effect of the pandemic on the head-mounted display market. The business impact of COVID-19 on the head-mounted display market during 2021-2025 is expected to result in neutral and at par growth.

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Market Segmentation

The head-mounted display market has been segmented by geography into North America, Europe, APAC, MEA, and South America. North America will lead the market during the forecast period, with the US being the key revenue-generating economy. The high military spending and increased adoption of head-mounted displays in the military segment will drive the market in North America during the forecast period.

Based on end-user, the head-mounted display market has been segmented into defense and industrial segments. The defense segment will have a significant market share growth, driven by an increase in military budget, coupled with product releases by vendors.

Based on application, the market has been segmented into combat and aviation, training and simulation, and others.

Some of the Key Vendors and their Offerings:

Technavio has identified key vendors operating in the market. These include 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. The key offerings of some of these vendors are mentioned below:

• BAE Systems Plc: The company manufacturers head-mounted displays such as head up display, digital light engine, and augmented reality display glasses.
• CINOPTICS: The company manufacturers head-mounted displays such as airo-augmented reality HMD.
• Collins Aerospace: The company manufacturers head-mounted displays such as helmet mounted displays, joint helmet mounted cueing system, and head down displays.

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Scope of Head-mounted Display Market Report:

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