What is driving the Head-Mounted Display market growth?
The global Head-Mounted Display market is expected to grow at a CAGR of 21% due to rising adoption in military & defense (training, tracking), consumer electronics (gaming, entertainment), and healthcare.
Which region is the biggest HMD market?
North America currently holds the largest market share, but Asia Pacific is projected to witness the highest growth due to low production costs and increasing defense spending.
Who are the key players in the Head-Mounted Display market?
Major players include BAE Systems, Elbit Systems, Oculus VR, Samsung, and Vuzix. They compete through new product launches, mergers, and partnerships.
What are the major trends shaping the consumer AR/VR HMD market?
The consumer AR/VR HMD market is witnessing increasing affordability, standalone devices like Oculus Go, and diverse applications in gaming, entertainment, education, and healthcare, propelling its growth.