The global head-mounted display market is anticipated to grow from USD 5.3 billion in 2021 to USD 38.1 billion by 2027, growing at a CAGR of 46.2% during the forecast period 2021-2027. A head-mounted display is a display device or a projection technology that is worn on the head or as a part of the helmet. It has a small display optic in front of one eye or each eye.

Factors driving the growth of the head-mounted display market are the increasing adoption of portable devices in consumer applications and the rising adoption of augmented reality (AR) and virtual reality (VR) technologies. The head-mounted display is considered a highly immersive display device, primarily used for e-learning, video games, watching movies, and other types of digital entertainment.

It provides users with a more realistic and fully immersive in-game environment. HMD is used in many applications such as games, aviation, engineering, and medicine. They have many advantages, i.e., high resolution of physical images, system response to head movements, better user experience, possible 3D views, and improved business.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/semiconductor-electronics/head-mounted-display-market/request-sample

There is an exponential rise in demand for the light-weight portable and wearable computing devices head-mounted display market. The increasing demand for consumer applications owing to development in display technologies which are offering superior capabilities such as 3D viewing and high resolution to the end-users results in the growth of the head-mounted display market.

North America is projected to hold the largest share in the head-mounted display market owing to its adoption of AR and VR technologies in the region. Moreover, the major demand for HMD originates from medical, defense, and safety services in the region. Europe is anticipated to propel high growth in the head-mounted display market by innovation in display technologies.

The industry players in the head-mounted display market are focusing on expansion, technological development, increase in investment in R&D to launch new products, mergers and acquisitions, and tie-up with government agencies and defense forces. Thus, companies are sustaining their position in a competitive market and are providing a competitive edge.

Sony has unveiled its new VR controllers that would be different from the ball-on-a-stick controllers used in PS4. Sony has also stated that the controllers will come with adaptive triggers, haptic feedback, and finger touch detection features, among others.

Some of the key players operating in the head-mounted display market: Sony Group Corporation, Google, Microsoft, HTC Corporation, Facebook Technologies, LLC, BAE Systems, Samsung, Seiko Epson Corporation, Magic Leap, Inc., and Lenovo.

Source: VynZ Research