Global Outlook: Head-mounted Display Market Growth Trajectory
The Head-mounted Display (HMD) market is projected to reach USD 26.4 billion by 2029 from USD 7.5 billion in 2024 at a CAGR of 28.8% during the forecast period.
Growing investments by significant key players in the development of HMD, availability of low-cost HMDs, growing demand for AR and VR, and Affordable micro display prices are some of the major factors contributing to the growth of Head-mounted Display (HMD) market. Moreover, Industry collaborations, involving HMD manufacturers, content developers, and key players, fuel market expansion, driving innovation and advancing the overall immersive technology ecosystem.