Global Head-mounted Display Market Trends, Forecast Report 2025-2037
Head Mounted Devices Market size is predicted to rise from USD 10.95 billion to USD 1.43 trillion, witnessing a CAGR of over 45.1% throughout the forecast period, between 2025 and 2037. In the year 2025, the industry size of head-mounted display is evaluated at USD 14.92 billion
The market growth can be ascribed to skyrocketing adoption of AR and VR across the globe. For instance, more than 150 million people were observed to be using VR globally in 2018, while in 2020, approximately 50 million VR and 80 million AR users were stated to be living solely in the USA. Along with this, less cost of microdisplays, increasing demand for lightweight helmet mounted displays, and their portable nature drives the head-mounted display (HMD) market growth.
Furthermore, the market expansion is fueled by rising inclination of people toward the virtual world. Additionally, ongoing development in the gaming industry has spurred the demand for head mounted devices. Head mounted devices are basically small displays & devices that are mounted on a hat or helmet and integrated into eyewear. Such devices do not block the vision of the user but project a virtual image in the real world to be witnessed. For instance, the unit sale of VR head-mounted devices was estimated for mobile at about 70% and for PCs, it was projected to be around 22% in 2020.
Head Mounted Devices Market: Growth Drivers and Challenges
Growth Drivers
- Increasing Online Gaming Audience to Boost the Growth of the Market - As of 2020, approximately 900 million adults were projected to be involved in online gaming. Online gaming requires the most enhanced setup of the latest devices to provide a magnificent experience to gamers. Mobile or PC games generally take place in a pre-designed virtual world and gamers use VR devices such as VR headsets and displays to interact with the gaming world. These devices are mounted on the head giving an overall lifelike experience to the users.
- Rising Adoption in the Defense and Aerospace Sector to Provide Night Vision – A corporation named Ebilit sold enhanced night vision goggles to the army in 2020 with a deal of USD 420 million which also supplies night vision technology to the marine sector.
- Growing Number of AR Users Across the Globe- It is predicted that by 2024, approximately 1.5 billion individuals will be using mobile augmented reality devices.
- Higher Inclination of Global Population toward VR Head-Mounted Displays- The VR head-mounted display shipment was projected to increase by nearly 20%, summing up to around 35 million units from 2018 to 2019.
- Significant Utilization of HMDs for Video Games- In 2021, approximately 50% of males and 40% of females in the USA were observed to be playing video games.
Challenges
- Requirement for More Advanced Technology
- Need for Higher Initial Investment
- Lack of Standardization for Designing Procedure- The lack of standardization leads to compatibility problems between products bought from sellers, as different products have different quality that affects the user experience. VR, AR, and HMDs need universal standards to increase consumer adoption and widespread enterprise. It becomes difficult to create mobile VR apps as each has different operating systems and screen standards which inhibits Head-mounted Display (HMD) Market growth in the coming years.
Head-mounted Display Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
45.1% |
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Base Year Market Size (2024) |
USD 10.95 billion |
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Forecast Year Market Size (2037) |
USD 1.43 trillion |
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Regional Scope |
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Head Mounted Devices Segmentation
Connectivity Type (Wired, Wireless)
The wireless segment is expected to hold the largest HMD Market share over the forecast period. Escalating adoption of WLAN and other devices such as smartphones, remote control, TV, GPS system, and radios are anticipated to hike the growth of the segment. For instance, more than 20 billion devices were anticipated to be connected via a wireless local area network (WLAN) in 2021.
Our in-depth analysis of the global Head-mounted Display Market includes the following segments:
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By HMD Type |
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By Product Type |
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BY Technology |
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By Connectivity Type |
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By Application |
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Customize this ReportHead Mounted Devices Industry - Regional Synopsis
The North America region Head-mounted Display market is projected to hold largest revenue share by the end of 2037, ascribed to presence of a huge online gaming audience. As of 2020, approximately 150 million adults in North America are involved in online gaming making it up to around 65% of the entire population. Furthermore, the presence of major key players and the increasing adoption of the latest technology is anticipated to hike the HMD Market growth.
The Asia Pacific region is poised to witness massive demand in the head-mounted devices market during the forecast period, on the back of rising investment by major companies to develop the requisite technology.
Companies Dominating the Head-mounted Display Market
- Sony Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Magic Leap, Inc.
- Microsoft Corporation
- Lenovo Group Limited
- Meta Platforms, Inc.
- Google LLC
- HTC Corporation
- Seiko Epson Corporation
- Thales Defense & Security, Inc.
- Samsung Electronics Co., Ltd.
In the News
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Meta Platforms, Inc. to launch new Meta portal productivity tools to facilitate support for the Duet Display app. This app is utilized by users to turn Meta Portal Go and Meta Portal Plus (Gen 2) into a second display for juggling hardcore tasks on multiple apps and screens.
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· Sony Corporation collaborates with Niantic Inc., an augmented reality (AR) mobile game developer, to develop auditory AR for headphones. Sony corporation is on its way to introducing technology for headphones that allow users to hear sound from the real world while receiving sound from the virtual world.
Author Credits: Abhishek Verma
- Report ID: 56
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
