Head Mounted Display Market – Snapshot
Head mounted displays (HMDs) refer to projection technology or small displays that are incorporated mounted on a hat or helmet or into eyeglasses. Heads-up displays refer to a type of head-mounted displays that do not obstruct the vision of the user yet it superimposes the image on the real world view of the user. The global head mounted display market is expected to gather momentum from the growing prominence of the technology across various end use sectors.
Some of the head mounted displays integrate motion sensors to ascertain movement and direction or as the platform for an application of immersive virtual reality.
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It assists in the remote monitoring and attendance (as and when needed) of people and facilities in real time.
The augmented reality technology comes with a lot of flexibilities, which make it a leader in the enterprise application sector. This adds to its increased adoption over the long term. Both augmented reality and virtual reality technologies are estimated to drive the global head mounted display market as it serves as a new computing platform.
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Head Mounted Display Market in Brief
- The global Head Mounted Display market registered a CAGR of 22.3%% between 2019 and 2027. The market is projected to accelerate the growth of HMD market due to increase in demand for light-weight portable computing devices coupled with growing demand from consumer market segment. In addition to it, increasing demand from consumer market segment is mainly owing to advancements in display technologies, offering superior capabilities such as 3D viewing and high resolution to the end-users.
- Beside it, regulated demand from defense services and increasing use in medical practices is expected to have positive impact on the market revenue growth over the forecasted period.
Head Mounted Display Market – Definition
- The Head Mounted Display market report provides analysis of the market for the period 2019 – 2027, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
- The study on the Head Mounted Display market would help clients in understanding the adoption analysis of head mounted display among different end- users.
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North America Head Mounted Display Market – Snapshot
North America was the largest head mounted display market in 2018, accounting for over 1/3rd of the global market revenue. The demand in the region can be attributed to growing inclination for portable and wearable computing devices, especially in end-use verticals including defense, healthcare, and safety services. Furthermore, expanding application base of HMDs has enabled manufacturers in the region to invest heavily in R&D activities, thus improving the scope of the market.
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