ICT & Electronics Head Mounted Devices Market | Page 2

“Head
Mounted
Devices
Market:
Global
Demand
Analysis & Opportunity Outlook 2021”
The global head mounted devices market is segmented into application
such as video gaming, defense, medical, engineering, construction and
others. Among these segments, defense segment is expected to occupy the
top position in head mounted devices market during the forecast period.
Increasing utilization of head mounted displays for training and simulation
purposes is anticipated to supplement the growth of defense segment.
Furthermore, developed and developing nations such as U.S., Israel, India
and others are focusing more on the army technologies to strengthen the
defense sector of the nation. This factor is expected to drive the growth of
the head mounted devices in defense market.
Global Head Mounted Devices Market is expected to flourish at a
robust CAGR over the forecast period. Moreover, the global head mounted
devices market is anticipated to garner noteworthy revenue by the end of
2021. Wide scale application of head mounted display such as in consumer
electronics, industry application and others are believed to be the major
factor behind the growth of head mounted devices market during the
forecast period.
North America accounted for the largest market in overall head mounted
devices market in 2016. Moreover, North America is anticipated to
continue its dominance over the forecast period owing to the surging
adoption of VR and AR headsets for gaming and entertainment purposes.
Moreover, high disposable income of the population and high adoption rate
of advanced technological products are some of the key factors propelling
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