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North America Head Mounted Display (HMD) Market Size, Share & Trends Analysis Report By Technology, By Connectivity, By Component (Displays, Controllers, Processors & Memories, Lenses, Cameras, Sensors and Others), By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 136 Pages
  • January 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5925281
The North America Head Mounted Display (HMD) Market would witness market growth of 25.6% CAGR during the forecast period (2023-2030).

The market has emerged as a technological frontier, poised to redefine how individuals perceive and interact with digital content. The convergence of innovation, increasing consumer demand for immersive experiences, and display technology advancements have propelled the market into the spotlight. The adoption of these has witnessed a seismic shift in recent years, transforming from niche applications to a burgeoning market that caters to a diverse range of industries and consumer segments. Initially championed by the gaming and entertainment sectors, HMDs have rapidly expanded their footprint, penetrating healthcare, education, manufacturing, and beyond.

Beyond entertainment, HMDs have found formidable utility in enterprise and industrial applications. From virtual training simulations for complex procedures to aid in design and prototyping processes, HMDs enhance efficiency and accuracy. Industries such as manufacturing, logistics, and maintenance have integrated HMDs to streamline operations and reduce training times. In the manufacturing sector, HMDs overlay digital information onto physical machinery, providing real-time data and instructions to operators. This improves operational efficiency by reducing the need for paper-based instructions and minimizing errors in complex assembly processes.

Increased healthcare investments in the United States could lead to medical training and education advancements. Head-mounted displays can be utilized for virtual reality (VR) or augmented reality (AR) applications in medical training, allowing healthcare professionals to practice procedures in a simulated environment. As per the data from the Government of Canada, in the 2023 federal budget, the Government invested close to $200 billion over 10 years to support the Working Together to Improve Health Care for Canadians Plan. Thus, growing healthcare investment in North America will boost the region's demand for these devices.

The US market dominated the North America Head Mounted Display (HMD) Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,620.7 million by 2030. The Canada market is experiencing a CAGR of 28.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 27.4% during (2023 - 2030).

Based on Technology, the market is segmented into Virtual Reality (VR) and Augmented Reality (AR). Based on Connectivity, the market is segmented into Standalone HMD (Wireless) and Tethered HMD (Wired). Based on Component, the market is segmented into Displays, Controllers, Processors & Memories, Lenses, Cameras, Sensors and Others. Based on Application, the market is segmented into Consumer, Aerospace & Defense, Healthcare, Enterprise, Commercial, Automotive, Energy and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Meta Platforms, Inc. (Meta), Sony Corporation, Microsoft Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Magic Leap, Inc., Google LLC (Alphabet Inc.), DPVR, Seiko Epson Corporation, HTC Corporation, and Vuzix Corporation

Scope of the Study

Market Segments Covered in the Report:

By Technology
  • Virtual Reality (VR)
  • Augmented Reality (AR)
By Connectivity
  • Standalone HMD (Wireless)
  • Tethered HMD (Wired)
By Component
  • Displays
  • Controllers
  • Processors & Memories
  • Lenses
  • Cameras
  • Sensors
  • Others
By Application
  • Consumer
  • Aerospace & Defense
  • Healthcare
  • Enterprise
  • Commercial
  • Automotive
  • Energy
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Meta Platforms, Inc. (Meta)
  • Sony Corporation
  • Microsoft Corporation
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Magic Leap, Inc.
  • Google LLC (Alphabet Inc.)
  • DPVR
  • Seiko Epson Corporation
  • HTC Corporation
  • Vuzix Corporation

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Head Mounted Display (HMD) Market, by Technology
1.4.2 North America Head Mounted Display (HMD) Market, by Connectivity
1.4.3 North America Head Mounted Display (HMD) Market, by Component
1.4.4 North America Head Mounted Display (HMD) Market, by Application
1.4.5 North America Head Mounted Display (HMD) Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter’s Five Forces Analysis
Chapter 5. North America Head Mounted Display (HMD) Market by Technology
5.1 North America Virtual Reality (VR) Market by Region
5.2 North America Augmented Reality (AR) Market by Region
Chapter 6. North America Head Mounted Display (HMD) Market by Connectivity
6.1 North America Standalone HMD (Wireless) Market by Region
6.2 North America Tethered HMD (Wired) Market by Region
Chapter 7. North America Head Mounted Display (HMD) Market by Component
7.1 North America Displays Market by Country
7.2 North America Controllers Market by Country
7.3 North America Processors & Memories Market by Country
7.4 North America Lenses Market by Country
7.5 North America Cameras Market by Country
7.6 North America Sensors Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Head Mounted Display (HMD) Market by Application
8.1 North America Consumer Market by Country
8.2 North America Aerospace & Defense Market by Country
8.3 North America Healthcare Market by Country
8.4 North America Enterprise Market by Country
8.5 North America Commercial Market by Country
8.6 North America Automotive Market by Country
8.7 North America Energy Market by Country
8.8 North America Others Market by Country
Chapter 9. North America Head Mounted Display (HMD) Market by Country
9.1 US Head Mounted Display (HMD) Market
9.1.1 US Head Mounted Display (HMD) Market by Technology
9.1.2 US Head Mounted Display (HMD) Market by Connectivity
9.1.3 US Head Mounted Display (HMD) Market by Component
9.1.4 US Head Mounted Display (HMD) Market by Application
9.2 Canada Head Mounted Display (HMD) Market
9.2.1 Canada Head Mounted Display (HMD) Market by Technology
9.2.2 Canada Head Mounted Display (HMD) Market by Connectivity
9.2.3 Canada Head Mounted Display (HMD) Market by Component
9.2.4 Canada Head Mounted Display (HMD) Market by Application
9.3 Mexico Head Mounted Display (HMD) Market
9.3.1 Mexico Head Mounted Display (HMD) Market by Technology
9.3.2 Mexico Head Mounted Display (HMD) Market by Connectivity
9.3.3 Mexico Head Mounted Display (HMD) Market by Component
9.3.4 Mexico Head Mounted Display (HMD) Market by Application
9.4 Rest of North America Head Mounted Display (HMD) Market
9.4.1 Rest of North America Head Mounted Display (HMD) Market by Technology
9.4.2 Rest of North America Head Mounted Display (HMD) Market by Connectivity
9.4.3 Rest of North America Head Mounted Display (HMD) Market by Component
9.4.4 Rest of North America Head Mounted Display (HMD) Market by Application
Chapter 10. Company Profiles
10.1 Meta Platforms, Inc. (Meta)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segment and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Sony Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 SWOT Analysis
10.3 Microsoft Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 SWOT Analysis
10.4 Samsung Electronics Co., Ltd. (Samsung Group)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 SWOT Analysis
10.5 Magic Leap, Inc.
10.5.1 Company Overview
10.5.2 SWOT Analysis
10.6 Google LLC (Alphabet Inc.)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 SWOT Analysis
10.7 DPVR
10.7.1 Company Overview
10.7.2 SWOT Analysis
10.8 Seiko Epson Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 SWOT Analysis
10.9 HTC Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expense
10.9.5 SWOT Analysis
10.10. Vuzix Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.6 SWOT Analysis

Companies Mentioned

  • Meta Platforms, Inc. (Meta)
  • Sony Corporation
  • Microsoft Corporation
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Magic Leap, Inc.
  • Google LLC (Alphabet Inc.)
  • DPVR
  • Seiko Epson Corporation
  • HTC Corporation
  • Vuzix Corporation

Methodology

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