Virtual Reality Segment to Dominate APAC Head Mounted Display Market during 2020–2028       

According to a new market research study on “APAC 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$ 22,266.30 million by 2028 from 2,726.07 US$ million in 2021. The market is estimated to grow at a CAGR of 35.0% from 2021 to 2028. The report provides trends prevailing in the APAC head mounted display market along with the drivers and restraints pertaining to the market growth. Rising popularity of HMD in sports application is the major factor driving the growth of the APAC head mounted display market. However, issues associated with heavy weight of HMD modules hinder the growth of APAC head mounted display market.  

APAC head mounted display market is segmented into type, application, component, technology, design and connection and country. Based on type, the APAC head mounted display market is segmented into integrated HMD, discrete HMD, and slide-on HMD. The discrete HMD segment led the APAC head mounted display market in 2020. Based on application, the APAC 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 APAC head mounted display market in 2020. The APAC 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 APAC 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 APAC 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 APAC head mounted display market is segmented into wired, wireless, and hybrid. The wireless segment led the market in 2020. Based on country, the APAC head mounted display market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.

The developing countries have insufficient health infrastructure, which led to the increase in COVID-19 cases in 2020. As per the organization for economic co-operation and development (OECD), the COVID-19 pandemic has negatively affected significant economies, such as India, Australia and Japan. Due to inadequate health and medicine facilities, government authorities had to impose restrictions, such as limited workforce at production sites. China and India witnessed an increase in the demand for AR/VR headsets in 2020. Most of the major HMD manufacturers are based in APAC. This is another major factor behind the dominance of this region in the market wherein the vendors have also faced supply chain issues in 2020 that has led to slow down in the growth of the head mounted display market. 

BAE Systems; Google LLC; HTC Corporation; Lenovo Group Limited; Microsoft Corporation; Samsung Electronics Co., Ltd; Seiko Epson Corporation; and Sony Corporation are among the leading companies in the APAC 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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