How big is the HMD market | Consumer Trends & Market Size 2025

Q: What is the current size of the HMD market?

The HMD market was valued at USD 8.7 billion in 2024 and is projected to reach USD 27.4 billion by 2031.

Q: What is the growth rate of the HMD market?

The market is expected to grow at a CAGR of 17.8% during 2025–2031.

Q: What factors are driving HMD market growth?

Growing AR/VR demand, metaverse development, and enterprise adoption are key drivers.

Q: What are the main types of HMDs?

Optical see-through, video see-through, and fully immersive displays.

Q: Which industries are adopting HMDs rapidly?

Gaming, healthcare, military, education, automotive, and enterprise sectors.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA6243

Publication Date: Jul 2025

How big is the HMD Market?

According to 6Wresearch internal database and industry insights, the Global Head-Mounted Display (HMD) market was valued at approximately USD 8.2 Billion in 2024 and is expected to reach USD 25.5 Billion by 2031, growing at a compound annual growth rate of 8.00% during the forecast period (2025-2031).

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The market is rapidly expanding due to increasing demand in gaming, healthcare, military, and enterprise applications, driven by immersive technology adoption.

Key Growth Drivers of the HMD Market

Rising popularity of AR/VR gaming and entertainment
Increasing use in military training and simulation
Adoption in medical visualization and remote surgeries
Growth of metaverse and virtual collaboration platforms
Technological advances in optics and wireless connectivity

HMD Market Trends

The HMD market is witnessing a surge in lightweight, high-resolution displays for immersive experiences. Standalone and tethered HMDs are both gaining popularity, supported by 5G and cloud streaming technologies. The rise of the metaverse and virtual offices is boosting demand in enterprise settings. Eye-tracking and gesture recognition are becoming standard features, while XR (Extended Reality) integration is expanding across education, retail, and automotive industries.

Emerging Developments in the HMD Market

Key players are looking towards interiors that are ultra-lightweight, micro-LED displays, and AI-based user interface. Technological advances such as brain-computer interfaces (BCIs), foveated rendering and haptic feedback are transforming how a user experiences the system. Partnership between tech giants and the content makers is also increasing delivery of special exclusive content in VR/AR. Commercial opportunities are being released as use cases of enterprise growth scenarios, including remote assistance and immersive training.