The global head-mounted display market size is expected to gain momentum backed by the increasing adoption of virtual reality (VR) and the growing number of gamers that is propelling the demand for innovative head-mounted display devices globally. This information is published by Fortune Business Insights, in its upcoming report, titled, “Head-Mounted Display Market Forecast, 2023-2030.”
This industry report offers a comprehensive analysis and deep insights into the current trends, dynamics, and opportunities of the airport passenger screening system market. It provides a holistic view of the market, covering crucial aspects like market size, growth drivers, challenges, competitive landscape, and future prospects. The report delves into various market segments, including product types, applications, and geographical regions, providing valuable information and understanding. Additionally, it sheds light on emerging market trends and the innovative strategies employed by key market players to stay ahead. The report also evaluates the regulatory landscape and examines the influence of macroeconomic factors on the market.
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List of the Companies Operating in the Global Market for Head-Mounted Display:
- BAE Systems, Inc. (The U.K.)
- Collins Aerospace, a United Technologies company (The U.S.)
- Google Inc. (The U.S.)
- HTC Corporation (Taiwan)
- Kopin Corporation, Inc. (The U.S.)
- Microsoft Corporation (The U.S.)
- Recon Instruments, Inc. (Canada)
- Samsung Electronics Co., LTD. (South Korea)
- Seiko Epson Corporation (Japan)
- Novatel Inc. (Canada)
- Thales Defense & Security, Inc. (The U.S.)
Presence of Prominent Companies in North America to Accelerate Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global head-mounted display market during the forecast period. This dominance is attributable to the presence of major companies that manufacture advanced head-mounted display devices in the region.The market in Asia-Pacific is expected to showcase considerable growth backed by the growing adoption of virtual reality technology to develop innovative head-mounted displays in the region between 2020 and 2027.
Increasing Adoption of Virtual Reality (VR) Technology to Promote Growth
The emergence of modern technologies has propelled the adoption of advanced head-mounted displays equipped with AR and VR technologies. These technologies aid in eliminating the need for presence of the user to be present physically in dangerous environments, especially, life-threatening military expeditions. The growing number of gamers further presents a significant opportunity for the adoption of these devices across the globe. According to the data by the Newzoo Analytics Platform, there ae about 2.5 billion active gamers across the globe. These factors are expected to contribute to the global head-mounted display market growth in the forthcoming years.
Product Innovation by Eminent Companies to Augment Growth
The global head-mounted display market comprises small, medium, and large companies striving to maintain a stronghold by focusing on introducing innovative head-mounted display devices. Additionally, the adoption of organic and inorganic growth strategies by other key players is expected to contribute to the growth of the market in the forthcoming years.
Inquiry Before Buying:
- October 2019 – The U.S. Air Force awarded a contract worth USD 8.5 million contract to Thales Defense and Security Inc. Under the contract, Thales will supply the advanced F-16 helmet-mounted integrated targeting system.
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