Europe Head Mounted Display Market

The head mounted display market in Europe is expected to grow from US$ 1,902.67 million in 2021 to US$ 14,050.51 million by 2028; it is estimated to grow at a CAGR of 33.1% from 2021 to 2028.

Military operations are becoming increasingly diverse in their nature. To cope with new and more demanding tasks, the military has researched new tools for use during operations and during training for these operations. There have been numerous goals driving this research over the past several decades. Many of the military requirements and capabilities have specifically driven development of AR systems. Moreover, the Europe head mounted display market growth is primarily driven by the rising adoption of HMD for defense and military applications. Rising adoption of AR/VR headsets in the military is due to the various advantages offered such as it undertakes a huge range of simulations, without the associated costs, thus massively reducing training budgets. Thus, the above-mentioned initiation and development of AR/VR technologies in military sectors will drive the growth of head mounted display market.

In Europe, major countries that are affected by the COVID-19 pandemic are Germany, France, Italy, the UK, and the Netherlands. Due to the increasing number of COVID-19 cases, a few of these countries had to impose stringent and prolonged lockdown along with social isolation in 2020. Europe accounts for ~15% of global AR/VR spend, with European spending to be US$ 1.6 billion in 2020. Europe is among the hardest hit regions by the pandemic, showing a 58% reduction in 2020 AR/VR spending compared to the pre-COVID-19-pandemic scenario.

The COVID-19 pandemic has positively affected the European head mounted display market. However, the demand for electronic devices across different commercial industries to operate remotely while following the government restrictions and operating with limited sources. Moreover, more than ~55% of the companies across Europe have already shifted most of their operations to cloud for automating their business to continue its efficiency. This has led to the rise in investments on AR/VR technology that has directly impacted the Europe head mounted display market during FY 2020. Moreover, the increased adoption of wearable technologies during the pandemic had also helped the market to grow.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe head mounted display market. The Europe head mounted display market is expected to grow at a good CAGR during the forecast period.

Europe Head Mounted Display

Market Revenue and Forecast to 2028 (US$ Million)

Europe Head Mounted Display Market Segmentation

Europe Head Mounted Display Market – By Type

• Integrated HMD
• Discrete HMD
• Slide-On HMD

Europe Head Mounted Display Market – By

Application

• Training & Simulation
• Sports & Leisure
• Imaging
• Defense & Security
• Others

Europe Head Mounted Display Market – By Component

• Display Screens
• Controllers
• Sensors
• Cameras
• Others

Europe Head Mounted Display Market – By Technology

• Augmented Reality
• Virtual Reality
• Mixed Reality

Europe Head Mounted Display Market – By Design

• Head Mounted Display
• Wearable Glasses

Europe Head Mounted Display Market – By Connection

• Wired
• Wireless
• Hybrid

Europe Head Mounted Display Market, by Country 

• France
• Germany
• Italy
• Netherlands
• UK
• Rest of Europe

Europe Head Mounted Display Market - Companies Mentioned

• BAE Systems
• Google LLC
• HTC Corporation (VIVE)
• Lenovo Group Limited
• Microsoft Corporation
• Samsung Electronics Co., Ltd.
• Seiko Epson Corporation
• Sony Corporation

Europe Head Mounted Display Strategic Insights

Strategic insights for the Europe Head Mounted Display provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Head Mounted Display Report Scope

Europe Head Mounted Display Regional Insights

The geographic scope of the Europe Head Mounted Display refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.