Report : North America Head Mounted Display Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Integrated HMD, Discrete HMD, and Slide-On HMD), Application (Training & Simulation, Sports & Leisure, Imaging, Defense & Security, and Others), Component (Display Screens, Controllers, Sensors, Cameras, and Others), Technology (Augmented Reality, Virtual Reality, and Mixed Reality), Design (Head Mounted Display and Wearable Glasses), and Connection (Wired, Wireless, and Hybrid)
Discrete HMD Segment to Dominate North America Head Mounted Display Market during 2020–2028
According to a new market research study on “North America Head Mounted Display Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, Component, Technology, Design and Connection” is expected to reach US$ 13,091.35 million by 2028 from 2,271.75 US$ million in 2021. The market is estimated to grow at a CAGR of 28.4% from 2021 to 2028. The report provides trends prevailing in the North America head mounted display market along with the drivers and restraints pertaining to the market growth. Rising application of HMD in gaming is the major factor driving the growth of the North America head mounted display market. However, issues associated with heavy weight of HMD modules hinder the growth of North America head mounted display market.
North America head mounted display market is segmented into type, application, component, technology, design and connection and country. Based on type, the North America head mounted display market is segmented into integrated HMD, discrete HMD, and slide-on HMD. The discrete HMD segment led the North America head mounted display market in 2020. Based on application, the North America head mounted display market is segmented into training and simulation, sports and leisure, imaging, defense and security, and others. The sports & leisure segment led the North America head mounted display market in 2020. The North America head mounted display market by component band has been segmented into display screens, controller, sensors, cameras, and others. The sensors segment led the head mounted display market with a market share in 2020. Based on technology, the North America head mounted display market is segmented into augmented reality (AR), virtual reality (VR), and Mixed Reality (MR). The Virtual Reality (VR) segment led the market with a market in 2020. Based on design, the North America head mounted display market is bifurcated into head mounted displays and wearable glasses. The head mounted displays (HMD) segment led the market in 2020. Based on connection, the North America head mounted display market is segmented into wired, wireless, and hybrid. The wireless segment led the market in 2020. Based on country, the North America head mounted display market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
During the COVID-19 pandemic, the North American countries have faced so many challenges due to the restrictions imposed by respective governments. The demand for electronic components increased as several companies resumed their operations remotely. Therefore, to operate under an automated environment, increased deployment of electronic systems was witnessed during FY 2020. This has driven the demand for head mounted displays across the countries, such as the US, Canada, and Mexico. Moreover, the demand for consumer electronics reduced during the first half of 2020 across the US. However, the market in the US was estimated to garner a y-o-y growth of ~6% during 2020 in the North America head mounted display market.
BAE Systems; Google LLC; HTC Corporation; Lenovo Group Limited; Magic Leap, Inc.; Microsoft Corporation; Oculus VR; Samsung Electronics Co., Ltd; Seiko Epson Corporation; and Sony Corporation are among the leading companies in the North America head mounted display market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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