Head Mounted Display Market Growth Analysis by 2026


At a CAGR of 46.0%, the Head Mounted Display Market is anticipated to increase from USD 5.5 billion in 2021 to USD 36.5 billion by 2026. The market's expansion can be attributed to a number of factors, including an increase in major companies' investments in the creation of HMDs, a rise in the use of AR and VR technologies as a result of COVID-19, the availability of affordable HMDs, technological advancements, and an increase in digitalization.

Key Players

Major players in the Head Mounted Display Market include Sony (Japan), Oculus VR (Facebook) (US), Microsoft (US), HTC (Taiwan), Google (US), and so on.

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Integrated HMDs to account for the largest share of Head Mounted Display Market in 2020
 
Integrated HMDs were expected to have the largest share of the Head Mounted Display Market in 2020 due to factors such as improved display technology, higher resolution, and increased convenience for users. These HMDs have built-in displays and computing components, making them more self-contained and easier to use than other types of HMDs.
 
Integrated HMDs to account for the largest share of Head Mounted Display Market in 2020 
 
The Head Mounted Display Industry was anticipated to be dominated by integrated HMDs in 2020. This was because they were more convenient, had better display technology, and had greater resolutions than other kinds of HMDs. Integrated HMDs are more convenient to use and incorporate built-in displays and computational elements.

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Augmented reality technology to grow at the fastest rate during the forecast period 

Due to the rising demand for augmented reality (AR) applications across a number of industries, including healthcare, retail, and education, it was anticipated that AR technology will expand at the quickest rate throughout the projected period. By adding virtual data and images to the user's real-world environment, augmented reality technology gives users fresh, engaging experiences. The rise of this technology is also anticipated to be fueled by the rising popularity of smartphones with augmented reality capabilities and improvements in augmented reality hardware and software.
 
Americas is leading the market Head Mounted Display Market in 2020
 
Due to elements including the presence of significant technological businesses, significant investments in technology and research & development, and a sizable customer base for AR and VR devices, it was anticipated that the Americas area will dominate the head-mounted display market in 2020. The region's expanding demand for AR and VR applications in sectors like healthcare, gaming, and entertainment is also anticipated to fuel the head-mounted display market's expansion in the Americas.

News Covered:

https://www.prnewswire.com/news-releases/head-mounted-display-market-worth-36-5-billion-by-2026--exclusive-report-by-marketsandmarkets-301307554.html 

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