Global Head-Mounted Display (HMD) market to grow at a CAGR of 25.48% during the period 2018 to 2023

The HMD market has been segmented into virtual reality (VR) and augmented reality (AR). The virtual reality (VR) technology holds the largest share of the HMD market. An immersive experience has been created for users by VR headset manufacturers with products like Samsung Gear and Oculus Rift. The increasing number of players entering the HMD market is making these products affordable, which is one of the major reasons for the wide adoption of VR headsets.

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The HMD market has two types of products, known as head, mounted and eyewear. The eyewear market is to grow at the highest CAGR between 2018 and 2023. The adoption of eyewear is rising, as it provides information about the surrounding without interrupting the wearer’s normal field of view. It also helps the user by displaying driving directions, e-mails, and other notifications.

Head-mounted display (HMD) is a display device used by putting it over the head as a helmet. It has a small screen display in front of each eye. It has a transparent display that effortlessly presents information directly in front of the user’s eyes without hindering the view of the outside world. The analysts at AllTheResearch forecasted the Global Head-Mounted Display (HMD) market to grow at a CAGR of 25.48% during the period 2018 to 2023.

AR-VR: Segmentation of Global Head Mounted Display Ecosystem