Consumer application expected to hold major share of Head-Mounted Display Market during forecast period

MarketsandMarkets forecasts the head-mounted display market to grow from USD 3.25 billion in 2016 and is expected to USD 25.01 billion by 2022, at a CAGR of 38.8% during the forecast period. The growth of this market can be attributed to the increasing demand for lightweight HMDs, adoption of AR and VR technologies owing to technological advancements, and increasing investments by major players. The objective of the report is to define, describe, and forecasts the HMD market size based on HMD type, component, connectivity, product type, application, technology, and region.

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“Consumer application expected to hold major share of HMD market during forecast period“

The use of VR HMDs is increasing since these headsets are highly used in applications such as consumer, gaming, entertainment, museum, and theme park. VR headsets provide the user an immersive experience. The HMD market is driven because of the high demand for VR HMDs in applications such as PC games, consoles, and smartphones. In all these applications, virtual reality plays a vital role in enhancing the user’s gaming experience. The consumer application is expected to continue to lead the market for VR headsets.

“APAC expected to hold major share of HMD market between 2017 and 2025”

APAC is expected to hold the largest share of the HMD market during the forecast period. Government support and initiatives to grow AR-VR industry, growing number of start-up HMD players and increasing presence of international players in APAC, rising adoption of low cost HMDs are some of the factors that drive the growth of market. The Chinese VR market has seen huge investments, partnerships, and new ventures—wherein both local and international players have capabilities for low-cost and mass-scale manufacturing. APAC is home to many leading companies such as HTC Corporation (Taiwan), Sony Corporation (Japan), Lenovo Group Ltd. (China), Acer Inc. (Taiwan), Xiaomi, Inc. (China), and LG Electronics Inc. (South Korea).  

Major players in the HMD market are Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), HTC Corporation (Taiwan), Oculus VR, LLC (US), Microsoft Corporation (US), BAE Systems, Inc. (US), Seiko Epson Corporation (Japan), Google Inc. (US), Kopin Corporation (US), Osterhout Design Group (US), Recon Instruments, Inc. (Canada), Rockwell Collins, Inc. (US), Sensics, Inc. (US), Thales Visionix, Inc. (US), and Vuzix Corporation (US). It also includes start-up companies such as Avegant Corporation (US), Beijing ANTVR Technology Co., Ltd. (China), FOVE, Inc. (US), Magic Leap, Inc. (US), and Shoogee GmbH & Co. KG (Germany).

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