According to the research report titled ‘Global Head-mounted Display Market 2022-2028’, available with MarketStudyReport, global head-mounted display market value is projected to reach USD 33,897 million by the end of 2028, progressing at a CAGR of 27.3% during the analysis period.

The growth of global head-mounted display market is driven by several determinants such as widespread acceptance of AR & VR technologies, particularly after the COVID-19 pandemic, massive influx of investments by key players for the development of low-cost products, and swift digitization across the world. 

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For the unversed, head-mounted displays (HMDs) are small projection devices integrated in glasses or worn on the head in the form of a helmet that are embedded with novel technologies and are intended for an immersive visual experience for the user. It ensures that the display is right in front of the user’s eyes and is used in multiple segments like aviation, medicine, gaming, etc.

The report segregates the industry based on multiple verticals and offers a forecast for each of them to give the stakeholders clear insights into the current standing of the market. In terms of product type, global head-mounted display industry is classified into wearable glasses and helmet-mounted displays.

With respect to technology, the business sphere is split into virtual reality (VR), augmented reality (AR), and mixed reality (MR). Concerning connection, the market is divided into wireless, wired, and hybrid. For application scope, the industry space is categorized into military & defense, training & simulation, entertainment, and others.

To understand the geographical reach of the marketplace, the study conducts an in-depth analysis and incorporates a country-level assessment of the regions such as North America, Europe, and Asia Pacific. 

The established companies in worldwide head-mounted display market that are augmenting the competitive scope are WorldViz, Inc., Acer, Inc., Vuzix Corporation, BAE Systems plc, Vufine, Inc., Beijing ANTVR Technology Co., Ltd., Thales Defense & Security, Inc., Cinoptics, Collins Aerospace (Raytheon Technologies Corp.), Sony Corporation, Elbit Systems Ltd., Samsung Electronics Co., Ltd., Excelitas Technologies Corp., Osterhout Design Group (ODG), FOVE, Inc., Oculus VR LLC (Meta Platforms, Inc.), Google LLC, Microsoft Corporation, HTC Corporation, Magic Leap, Inc., Kopin Corporation, and Lenovo Group Limited among others.