South America Head Mounted Display Market

The head mounted display market in SAM is expected to grow from US$ 299.98 million in 2021 to US$ 1,578.14 million by 2028; it is estimated to grow at a CAGR of 26.8% 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. Military HMDs generally do not display videos or media, but rather provide information and tracking as part of a vehicle’s heads-up display. Moreover, the SAM 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. Furthermore, in 2019, as part of a new effort to develop advanced technologies to enhance situational awareness and capabilities for soldiers, the U.S. Army invited Microsoft engineers and other employees to a military base in North Carolina for signing a contract of delivering AR/VR headsets. Thus, the above-mentioned initiation and development of AR/VR technologies in military sectors will drive the growth of head mounted display market.

In the SAM, Brazil had recorded the highest cases of COVID-19, followed by Ecuador, Chile, Argentina, and Peru. In 2020, the COVID-19 pandemic led to the disruption of numerous economic activities across the region. For combating the fatal effect of the deadly SARS-CoV-2, governments in South & Central America have taken an array of actions to protect the people from infection. However, the COVID-19 pandemic has positively affected the semiconductor industry and the adoption of new technologies has increased across the region, as production and sales have witnessed a growth in 2020. As growing consumer electronics demand from end-users and growth in demand for power electronics components is rising across different industries among the South American countries. Moreover, the demand for AR/VR technologies in the Brazilian healthcare sector is one of the major factors that has driven the market during FY 2020.  

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

SAM Head Mounted Display

Market Revenue and Forecast to 2028 (US$ Million)

SAM Head Mounted Display Market Segmentation

SAM Head Mounted Display Market – By Type

• Integrated HMD
• Discrete HMD
• Slide-On HMD

SAM Head Mounted Display Market – By

Application

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

SAM Head Mounted Display Market – By Component

• Display Screens
• Controllers
• Sensors
• Cameras
• Others

SAM Head Mounted Display Market – By Technology

• Augmented Reality
• Virtual Reality
• Mixed Reality

SAM Head Mounted Display Market – By Design

• Head Mounted Display
• Wearable Glasses

SAM Head Mounted Display Market – By Connection

• Wired
• Wireless
• Hybrid

SAM Head Mounted Display Market, by Country 

• Brazil
• Argentina
• Rest of SAM

SAM Head Mounted Display Market - Companies Mentioned

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

South America Head Mounted Display Strategic Insights

Strategic insights for the South America 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.

South America Head Mounted Display Report Scope

South America Head Mounted Display Regional Insights

The geographic scope of the South America 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.