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Head Mounted Devices Market Size, Share, Growth, Trends, Analysis to 2021: Research Nester
Head Mounted Devices Market
Head mounted displays (HMDs) are light weight devices that are mounted or worn by a user on head and have a small display screen in-front of the eye. With the help of HMDs, users experience a world of virtual and augmented reality by connecting these devices with external sources such as smartphones and PCs.
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Growth Drivers and challenges
Increasing demand of virtual and augmented reality in gaming, defense and other sectors is anticipated to be a key driver of the global HMDs market during the forecast period i.e. 2015-2021.
In addition to that, rising demand of lightweight wearables is also expected to garner the growth of HMDs market over next few years.
However, lack of awareness and standardization in HMDs is expected to hamper the growth of global HMDs market in the future.
Market Size and Forecast
With 36.0% share, North America held the largest HMDs market in 2014 and is further expected to witness a steady growth over the forecast period. The market in the region is likely to get propelled from rising technological advancements in wearable devices.
Europe was the second largest HMDs market, behind North America. Expansion of automotive industry in Europe is anticipated to drive the demand of HMDs over coming 4-5 years.
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Asia-Pacific HMDs market was valued at USD 80.0 Million in 2014 and is further projected to witness the highest growth rate over the forecast period i.e. 2015-2021. The market in the region is likely to get bolstered from escalating demand of HMDs from medical industry.
Key Players
Global Head Mounted Displays (HMDs) market includes some of the major organizations such as Sony Corporation, Google Corporation, Oculus VR, Samsung, Rockwell Collins, etc.
Research Nester is a global market research and consulting firm helping organizations, private entities, governments undertaking, non-legislative associations and non-profit organizations. With our decades of experience in the market research, we help our clients to gain a competitive edge over other players. Thus, helping them making strategic yet dynamic decisions for the future investments.
Ajay Daniel
Email: ajay.daniel@researchnester.com
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