Head-Mounted Display Market: By Connectivity, By Product Type, By Application, By Technology and Region Forecast 2020-2031
Head-Mounted Display (HMD) Market size was valued at US$ 4.6 billion in 2024 and is expected to reach US$ 46.5 billion by 2031, growing at a significant CAGR of 39.2% from 2025-2031. The increased adoption of virtual reality and augmented reality technologies coupled with the availability of low-cost HMDs in the market and rising investments by the market players fuel the growth of the market. Moreover, growing demand for lightweight HMDs and portable devices and rising patent portfolio drive the growth of the market.
However, Limited battery life of HMDs and lack of standardization of HMD designs hampers the growth of the market over the forecast years. This report gives comprehensive outlook on Head-mounted display (HMD) across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This report gives historical, current, and future market sizes (US$ Mn) on the basis of product, application, technology, connectivity, component, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market.
In addition, this report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global Head-mounted display (HMD) products.
Study Period
2025-2031Base Year
2024CAGR
39.2%Largest Market
Asia-PacificFastest Growing Market
North-America
The increasing demand for VR headsets for gaming applications and their properties such as light weight and available at affordable price drives the growth of the market for HMDs. Vendors focusing on the development of smaller and light weight HMD that eliminates the barriers to provide an effective VR experience. The consumer application in HMDs market is expected to be the fastest growing segment over the forecast years.
Asia Pacific accounted for larger revenue share in global Head-mounted display (HMD) market with significant CAGR owing to growing adoption of VR headsets in the consumer and entertainment application is one of the main reasons for the growth of the HMD market in APAC. Continuous developments in the consumer application would enable the region to adopt AR and VR HMDs. Presence of large number of market players in the APAC and launch of various products fuels the growth of the market. North America and Europe are expected to show the significant growth rate over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 4.6 billion |
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Market Size in 2031 |
US$ 46.5 billion |
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Market CAGR |
39.2% |
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By Connectivity |
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By Application |
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By Product Type |
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By Technology |
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By Region |
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The global head-mounted display market size was valued at US$ 4.6 billion in 2024 and is expected to reach US$ 46.5 billion by 2031, growing at a significant CAGR of 39.2% from 2025-2031.
The market key players are: Kopin Corporation (US) Sony Corporation (Japan) Samsung Electronics Co., Ltd. (South Korea) HTC Corporation (Taiwan) Oculus VR, LLC (US) Microsoft Corporation (US) BAE Systems, Inc. (US) Seiko Epson Corporation (Japan) Google Inc. (US) Osterhout Design Group (US) Recon Instruments, Inc. (Canada) Rockwell Collins, Inc. (US) Sensics, Inc. (US) Thales Visionix, Inc. (US) Vuzix Corporation (US)
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Head Mounted Display (HMD) Market Introduction |
| 2.1. Global Head Mounted Display (HMD) Market - Taxonomy |
| 2.2. Global Head Mounted Display (HMD) Market - Definitions |
| 2.2.1. By Connectivity |
| 2.2.2. By Application |
| 2.2.3. By Product Type |
| 2.2.4. By Technology |
| 2.2.5. By Region |
| 3. Global Head Mounted Display (HMD) Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Key Developments |
| 4. Global Head Mounted Display (HMD) Market By Connectivity, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 4.1. Wired |
| 4.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 4.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.1.3. Market Opportunity Analysis |
| 4.2. Wireless |
| 4.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 4.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.3. Market Opportunity Analysis |
| 5. Global Head Mounted Display (HMD) Market By Application, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.1. Aerospace and Defense |
| 5 1 1 Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Automotive |
| 5.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Healthcare |
| 5.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Gaming |
| 5.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Energy |
| 5.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Head Mounted Display (HMD) Market By Product Type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.1. Head Mounted |
| 6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Eye wear |
| 6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Head Mounted Display (HMD) Market By Technology, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.1. Augmented Reality |
| 7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Virtual Reality |
| 7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Head Mounted Display (HMD) Market By Region, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific |
| 8.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. MEA |
| 8.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Head Mounted Display (HMD) Market - Opportunity Analysis Index, By Application, By Connectivity, By Product Type, By Technology, and Region, 2024-2030 |
| 9. North America Head Mounted Display (HMD) Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 9.1. By Connectivity Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Wired |
| 9.1.2. Wireless |
| 9.2. By Application Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Aerospace and Defense |
| 9.2.2. Automotive |
| 9.2.3. Healthcare |
| 9.2.4. Gaming |
| 9.2.5. Energy |
| 9.2.6. Others |
| 9.3. By Product Type Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Head Mounted |
| 9.3.2. Eye wear |
| 9.4. By Technology Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1. Augmented Reality |
| 9.4.2. Virtual Reality |
| 9.5. Country Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.5.1. USA |
| 9.5.2. Canada |
| 10. Europe Head Mounted Display (HMD) Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 10.1. By Connectivity Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Wired |
| 10.1.2. Wireless |
| 10.2. By Application Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Aerospace and Defense |
| 10.2.2. Automotive |
| 10.2.3. Healthcare |
| 10.2.4. Gaming |
| 10.2.5. Energy |
| 10.2.6. Others |
| 10.3. By Product Type Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Head Mounted |
| 10.3.2. Eye wear |
| 10.4. By Technology Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1. Augmented Reality |
| 10.4.2. Virtual Reality |
| 10.5. Country Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1. Germany |
| 10.5.2. France |
| 10.5.3. Italy |
| 10.5.4. Spain |
| 10.5.5. UK |
| 10.5.6. Rest of Europe |
| 11. Asia Pacific Head Mounted Display (HMD) Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 11.1. By Connectivity Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Wired |
| 11.1.2. Wireless |
| 11.2. By Application Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Aerospace and Defense |
| 11.2.2. Automotive |
| 11.2.3. Healthcare |
| 11.2.4. Gaming |
| 11.2.5. Energy |
| 11.2.6. Others |
| 11.3. By Product Type Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Head Mounted |
| 11.3.2. Eye wear |
| 11.4. By Technology Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1. Augmented Reality |
| 11.4.2. Virtual Reality |
| 11.5. Country Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1. China |
| 11.5.2. Japan |
| 11.5.3. South Korea |
| 11.5.4. India |
| 11.5.5. Rest of APAC |
| 12. Latin America Head Mounted Display (HMD) Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 12.1. By Connectivity Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Wired |
| 12.1.2. Wireless |
| 12.2. By Application Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Aerospace and Defense |
| 12.2.2. Automotive |
| 12.2.3. Healthcare |
| 12.2.4. Gaming |
| 12.2.5. Energy |
| 12.2.6. Others |
| 12.3. By Product Type Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Head Mounted |
| 12.3.2. Eye wear |
| 12.4. By Technology Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1. Augmented Reality |
| 12.4.2. Virtual Reality |
| 12.5. Country Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1. Brazil |
| 12.5.2. Mexico |
| 12.5.3. Argentina |
| 12.5.4. Rest of Latin America |
| 13. MEA Head Mounted Display (HMD) Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 13.1. By Connectivity Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Wired |
| 13.1.2. Wireless |
| 13.2. By Application Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Aerospace and Defense |
| 13.2.2. Automotive |
| 13.2.3. Healthcare |
| 13.2.4. Gaming |
| 13.2.5. Energy |
| 13.2.6. Others |
| 13.3. By Product Type Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Head Mounted |
| 13.3.2. Eye wear |
| 13.4. By Technology Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1. Augmented Reality |
| 13.4.2. Virtual Reality |
| 13.5. Country Analysis, 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1. GCC Countries |
| 13.5.2. South Africa |
| 13.5.3. Rest of MEA |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. High Point Aerotechnologies (HPA) |
| 14.2.2. Sony Interactive Entertainment LLC |
| 14.2.3. Thales Defense & Security, Inc. |
| 14.2.4. Excelitas Technologies Corp |
| 14.2.5. Seiko Epson Corporation |
| 14.2.6. PICO Immersive Pte.ltd. |
| 14.2.7. Samsung Electronics |
| 14.2.8. Zebra Technologies |
| 14.2.9. Collins Aerospace |
| 14.2.10. Kopin Corporation |
| 14.2.11. Valve Corporation |
| 14.2.12. Vuzix Corporation |
| 14.2.13. HTC Corporation |
| 14.2.14. Magic Leap, Inc. |
| 14.2.15. BAE Systems |
| 14.2.16. Apple Inc. |
| 14.2.17. Razer Inc |
| 14.2.18. Lenovo |
| 14.2.19. Canon |
| 14.2.20. DVPR |
| 14.2.21. Varjo |
| 14.2.22. Meta |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.
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