Global Head-Mounted Display (HMD) market to grow at a CAGR of 25.48% during the period 2018 to 2023
Dublin, United States – January 13, 2020 /MarketersMedia/ —
Global Head Mounted Display Ecosystem:
In 2018, the North America Head Mounted Display market contributed over 35% to global revenue and it is expected that North America will maintain a constant growth rate throughout the forecast period. Head Mounted Display in North America is mostly used in medical, defense, and safety services. In Europe, the head mounted display industry is likely to grow at a significant CAGR because of innovations in display technologies.
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Head-mounted display (HMD) is a display device used by putting it over the head as a helmet. Head Mounted Display has a small screen display in front of each eye. It has a transparent display that effortlessly presents information directly in front of the user’s eyes without hindering the view of the outside world. The analysts at AllTheResearch forecasted the Global Head-Mounted Display (HMD) market to grow at a CAGR of 25.48% during the period 2018 to 2023.
The Head Mounted Display market has been segmented into virtual reality (VR) and augmented reality (AR). The virtual reality (VR) technology holds the largest share of the Head Mounted Display market. An immersive experience has been created for users by VR headset manufacturers with products like Samsung Gear and Oculus Rift. The increasing number of players entering the Head Mounted Display market is making these products affordable, which is one of the major reasons for the wide adoption of VR headsets.
Augmented reality (AR) Head Mounted Display is likely to grow at the highest CAGR during the forecast period. The growing importance of AR Head Mounted Displays, also known as smart glasses, in industrial applications is expected to drive the market. AR headsets are used for training videos, pictured data, 3D gaming mode, etc. Moreover, they can be used for teaching complicated maintenance processes for factory equipment, covering animation-based instructions and reference materials directly onto the physical gear.
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• Real-time Updation
• Ecosystem Mapping
• Trend Analysis – Impact + Importance + Outlook
• Allied Market Impact
• Do-IT-Yourself Analytics (DIYA)
• Interconnectivity Impact and more
Global Head Mounted Display Key Topic:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 North America Demand and Growth Details
6 Europe Demand and Growth Details
7 China Demand and Growth Details
8 Japan Demand and Growth Details
9 Southeast Asia Demand and Growth Details
10 India Demand and Growth Details
11 Central & South America Demand and Growth Details
12 International Players Profiles
13 Market Forecast 2019-2025
14 Analyst’s Viewpoints/Conclusions
Release ID: 88942603
This news is published on Reuters.