The Europe Head Mounted Display (HMD) Market would witness market growth of 27.0% CAGR during the forecast period (2023-2030).
HMDs are crucial in logistics and warehousing by providing augmented reality (AR) overlays for order picking and inventory management tasks. By placing visual cues and information directly within the field of view of workers endowed with HMDs, processes can be streamlined, and the likelihood of errors can be reduced. In maintenance and repair scenarios, HMDs offer valuable support by providing technicians with hands-free access to manuals, schematics, and step-by-step instructions. This practice optimizes the efficiency and precision of maintenance operations, diminishes periods of inactivity, and reduces reliance on tangible records.
HMDs have become instrumental in medical training, surgical planning, and patient care in the healthcare sector. Surgeons utilize augmented reality HMDs to overlay patient data and vital information during procedures, enhancing precision and reducing the risk of errors. Additionally, therapeutic applications, such as virtual reality therapy for pain management, showcase the versatility of HMDs in the healthcare domain. During surgeries, HMDs provide surgeons with critical information, such as preoperative imaging, anatomical details, and patient data, directly within their field of view.
France has a robust aerospace and defense industry with prominent companies. These companies play a significant role in the global aerospace and defense industry. The sector is characterized by innovation, advanced technology, and a focus on civilian and military applications. As per the International Trade Administration, for the year 2021, the French civil aerospace industry recorded a modest gain in revenue, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. This represents an improvement over the previous year, 2020. Thus, Europe's rising aerospace and defense sector will help expand the regional market.
The Germany market dominated the Europe Head Mounted Display (HMD) Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,953.2 million by 2030. The UK market is exhibiting a CAGR of 25.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 27.9% during (2023 - 2030).
Based on Technology, the market is segmented into Virtual Reality (VR) and Augmented Reality (AR). Based on Connectivity, the market is segmented into Standalone HMD (Wireless) and Tethered HMD (Wired). Based on Component, the market is segmented into Displays, Controllers, Processors & Memories, Lenses, Cameras, Sensors and Others. Based on Application, the market is segmented into Consumer, Aerospace & Defense, Healthcare, Enterprise, Commercial, Automotive, Energy and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Head Mounted Display (HMD) Market will Hit $33 Billion by 2030, at a CAGR of 27.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Meta Platforms, Inc. (Meta), Sony Corporation, Microsoft Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Magic Leap, Inc., Google LLC (Alphabet Inc.), DPVR, Seiko Epson Corporation, HTC Corporation, and Vuzix Corporation
By Technology
By Connectivity
By Component
By Application
By Country
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