Middle East and Africa Head Mounted Display Market

The head mounted display market in MEA is expected to grow from US$ 640.18 million in 2021 to US$ 4,346.77 million by 2028; it is estimated to grow at a CAGR of 31.5% from 2021 to 2028.

There has been a significant increase in the investments toward the development of HMDs, and in the use of such devices in various applications worldwide. Head mounted display market players are extensively investing in cutting-edge technologies which could reduce the weight of the devices, enhance the user’s experience, and all at comparatively low costs. Companies such as Facebook Corporation, Intel Corporation, Qualcomm, Inc., Alphabet, Inc., Comcast Ventures, and Samsung Group are investing heavily in the HMD market. Also, several research institutes are carrying out research in the AR application market for various products and applications. For instance, in January 2021, the Google Cloud platform has entered into a multi-year, multi-phased strategic cooperation agreement with Magic Leap. The partnership is aimed to meet the needs of businesses by offering spatial computing solutions to its consumers.  

Furthermore, the introduction of lightweight wearable technology has resulted innovations in the field of head-mounted displays due to which leading manufacturers began positioning them as consumer products, which contributed to the expansion of the Head-Mounted Display Market. The development of miniature systems could make these devices as light-weight as a normal goggle and technological up-gradations will further allow high resolution and ultra-high-definition projected image, increased compatibility, and a wide view of the field. The up-gradations will offer features like increased smart capabilities, compact, highly mobile, reduced latency, and high flexibility. Owing to these factors, there will be rising investment from major players for innovation of head mounted display systems which is anticipated to create a lucrative opportunity for market growth.

In the MEA, various sectors, such as automotive, healthcare industry, consumer electronics, retail, and industrial manufacturing along with many small and medium-sized enterprises (SMEs), faced difficulties in running their businesses. Manufacturing units are shut down due to continuous lockdowns, social distancing norms, and limited employees available to run production lines with all safety measures, owing to the slowdown of the head mounted display market growth in the region. Many Arab countries are mainly driven by consumer, electronics, retail, manufacturing, energy, and IT & telecom sector. The adoption of AR/VR headset technologies has been on the rise across this region due to several factors, such as booming growth in the gaming industry, industrial automation, and precise manufacturing. However, the market is expected to witness a significant growth in 2021 across the region compared to 2020 due to the rising investments across AR/VR technologies among different industries. 

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 MEA head mounted display market. The MEA head mounted display market is expected to grow at a good CAGR during the forecast period.

MEA Head Mounted Display

Market Revenue and Forecast to 2028 (US$ Million)

MEA Head Mounted Display Market Segmentation

MEA Head Mounted Display Market – By Type

• Integrated HMD
• Discrete HMD
• Slide-On HMD

MEA Head Mounted Display Market – By

Application

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

MEA Head Mounted Display Market – By Component

• Display Screens
• Controllers
• Sensors
• Cameras
• Others

MEA Head Mounted Display Market – By Technology

• Augmented Reality
• Virtual Reality
• Mixed Reality

MEA Head Mounted Display Market – By Design

• Head Mounted Display
• Wearable Glasses

MEA Head Mounted Display Market – By Connection

• Wired
• Wireless
• Hybrid

MEA Head Mounted Display Market, by Country 

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

MEA 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

Middle East and Africa Head Mounted Display Strategic Insights

Strategic insights for the Middle East and Africa 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.

Middle East and Africa Head Mounted Display Report Scope

Middle East and Africa Head Mounted Display Regional Insights

The geographic scope of the Middle East and Africa 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.