Market Research Logo

AR and VR Display Market by Device Type (AR HMD, VR HMD, HUD, Projector), Technology (AR, VR), Application (Consumer, Enterprise, Commercial, Healthcare, Aerospace & Defense), Display Trends, and Geography - Global Forecast to 2024

AR and VR Display Market by Device Type (AR HMD, VR HMD, HUD, Projector), Technology (AR, VR), Application (Consumer, Enterprise, Commercial, Healthcare, Aerospace & Defense), Display Trends, and Geography - Global Forecast to 2024

“AR and VR display market projected to grow at 21.8% CAGR during 2019–2024.”
The AR and VR display market is expected to grow from USD 1.6 billion in 2019 to USD 4.4 billion by 2024, at a CAGR of 21.8% during the forecast period. Increasing adoption of AR and VR devices in various applications, increasing demand for OLED in AR and VR devices, rising technological advancement and growing use of microdisplays in AR and VR devices are the major factors fueling the growth of the overall market. However, the deployment of full-screen alternatives, competition from existing devices with traditional displays, and limited content availability are the major factors restraining the growth of the market.

“VR HMDs to lead AR and VR display market during the forecast period.”
The use of VR HMDs in gaming and entertainment in the consumer space is the primary driver for the growth of the VR HMD panel market. New entrants in the form of local vendors coming in from APAC countries would be major consumers of VR HMD panels. The commercial sector is expected to grow at the highest growth rate owing to the use of VR HMDs on a large scale in tourism and sight-seeing, as well as in the retail sector. The realistic and interactive real-time environment offered by these devices make them ideal for gaming and entertainment.

“Enterprise application to lead the AR display market during the forecast period.”
AR is a cutting-edge technology involved in the Industry 4.0 trend. The use of AR devices helps minimize human errors, improves efficiency, and reduces expenses. The AR devices have a wide range of use cases, namely in operations for installation and assembly, maintenance and remote assistance, training, quality control, safety management, and for design and visualization. There is a growing number of use cases of AR HMD for maintenance and repair, allowing a worker to repair an engine by superimposing images and information in his actual line of sight. Complex procedural repairs can be broken down into a series of simple steps offering instructions at a glance. This would help enterprise applications to lead the AR display market during the forecast period.

“APAC to register the highest CAGR in AR and VR display market by 2024”
The presence of significant AR and VR display manufacturers in countries such as China, South Korea, Japan, and Taiwan is the primary driver of the AR and VR display market. The majority of the demand for AR and VR displays is expected to derive from consumer, enterprise, commercial, and automotive applications. These applications offer huge potential for the AR and VR market because of the increasing awareness among consumers and the rising adoption of new technologies in various industries, especially in countries such as China, India, and South Korea. APAC will grow at the highest CAGR and is also expected to lead the AR and VR display market by 2024.

In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the AR and VR display marketspace. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 – 36%, Tier 2 – 44%, and Tier 3 – 20%
By Designation: C-level Executives – 61%, and Managers – 39%
By Region: North America – 35%, Europe – 32%, APAC – 21%, South America – 7%, and Middle East & Africa – 5%

The report profiles key players in the AR and VR display market with their respective market ranking analysis. Prominent players profiled in this report are Samsung Electronics (South Korea), Sony (Japan), eMagin (US), Kopin (US), LG Display (South Korea), Japan Display (Japan), Syndiant (US), AU Optronics (Taiwan), Barco (Belgium), Seiko Epson (Japan), BEO Technology (China), HOLOEYE Photonics (Germany), Himax Technologies (Taiwan), Jasper Display (Taiwan), Raontech (South Korea), Innolux (Taiwan), OLiGHTEK (China), Fraunhofer (Germany), Universal Display (US), ITRI (Taiwan), New Vision Display (China), INT Tech (Hong Kong), EverDisplay Optronics (China), and CREAL3D (Switzerland).

Research Coverage:
This research report categorizes the global AR and VR display market based on technology, device type, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities about the AR and VR display market and forecasts the same till 2024.

Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the AR and VR display market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launches, partnerships, acquisitions, collaborations, and capital funding.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION AND SCOPE
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • PACKAGE SIZE
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN AR AND VR DISPLAY MARKET
    • VR DISPLAY MARKET IN APAC, BY APPLICATION AND COUNTRY
    • AR DISPLAY MARKET: DEVELOPED VS. DEVELOPING MARKETS, 2018 AND 2024 (USD MILLION)
    • VR DISPLAY MARKET: MAJOR COUNTRIES
    • AR DISPLAY MARKET: MAJOR APPLICATIONS
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table AR AND VR DEVICES AND THEIR RESPECTIVE DISPLAY TECHNOLOGY
      • RESTRAINTS
      • OPPORTUNITIES
        • Table COMPARISON OF DIFFERENT DISPLAY TECHNOLOGIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
      • RESEARCH AND DEVELOPMENT
      • PANEL MANUFACTURING
      • PRODUCT INTEGRATION
      • INPUT SUPPLIERS
    • TRENDS
      • ARTIFICIAL INTELLIGENCE
      • MICRODISPLAY
        • Table LOMID PROJECT
        • Table MICRO-LED–BASED MICRODISPLAY MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
        • Table MICRO-LED–BASED MICRODISPLAY MARKET, BY REGION, 2017–2025 (USD MILLION)
        • Table MICRODISPLAY MARKET, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR NTE DEVICES, BY REGION, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR NTE DEVICES, BY TYPE, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR HMDS, BY REGION, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR HMDS, BY TECHNOLOGY, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR HMDS, BY TYPE, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR HUDS, BY REGION, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR HUDS, BY TECHNOLOGY, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR HUDS, BY INDUSTRY, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR PROJECTORS, BY REGION, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET FOR PROJECTORS, BY TECHNOLOGY, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
        • Table LCD MICRODISPLAY MARKET, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table LCD MICRODISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
        • Table LCOS MICRODISPLAY MARKET, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table LCOS MICRODISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
        • Table OLED MICRODISPLAY MARKET, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table OLED MICRODISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
        • Table DLP MICRODISPLAY MARKET, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table DLP MICRODISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN APAC, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN APAC, BY TECHNOLOGY, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN NORTH AMERICA, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN EUROPE, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN EUROPE, BY TECHNOLOGY, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN ROW, BY PRODUCT, 2016–2024 (USD MILLION)
        • Table MICRODISPLAY MARKET IN ROW, BY TECHNOLOGY, 2016–2024 (USD MILLION)
  • DISPLAY TRENDS OF AR AND VR DISPLAY
    • INTRODUCTION
    • LIQUID CRYSTAL DISPLAY (LCD)
    • ORGANIC LIGHT-EMITTING DIODE (OLED)
    • LIQUID CRYSTAL ON SILICON (LCOS)
    • MICRO-LED
    • DIGITAL LIGHT PROCESSING (DLP)
  • AR AND VR DISPLAY MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table AR AND VR DISPLAY MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
    • AR
      • HMDS AND HUDS TO PLAY CRUCIAL ROLE IN HIGH GROWTH OF AR TECHNOLOGY IN AR AND VR DISPLAY MARKET
    • VR
      • USE OF VR HMDS IN CONSUMER APPLICATION TO DRIVE GROWTH OF VR TECHNOLOGY IN AR AND VR DISPLAY MARKET
  • AR AND VR DISPLAY MARKET, BY DEVICE TYPE
    • INTRODUCTION
      • Table AR AND VR DISPLAY MARKET, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table AR AND VR DISPLAY MARKET, BY DEVICE TYPE, 2016–2024 (THOUSAND UNITS)
    • HMD
      • AR HMD
        • Table AR HMD PANEL MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table AR HMD PANEL MARKET, BY REGION, 2016–2024 (USD MILLION)
      • VR HMD
        • Table VR HMD PANEL MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table VR HMD PANEL MARKET, BY REGION, 2016–2024 (USD MILLION)
    • HUD
      • USE OF AR HUDS IN AUTOMOTIVE AND AEROSPACE & DEFENSE TO PLAY CRUCIAL ROLE TO DRIVE GROWTH
        • Table AR HUD PANEL MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table AR HUD PANEL MARKET, BY REGION, 2016–2024 (USD MILLION)
    • PROJECTORS
      • USE OF PROJECTORS IN COMMERCIAL APPLICATION TO DRIVE GROWTH
        • Table VR PROJECTOR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table VR PROJECTOR DISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
  • AR AND VR DISPLAY MARKET, BY APPLICATION
    • INTRODUCTION
      • Table AR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
    • AR DISPLAY APPLICATIONS
      • CONSUMER
        • Table AR DISPLAY MARKET FOR CONSUMER APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR CONSUMER APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • COMMERCIAL
        • Table AR DISPLAY MARKET FOR COMMERCIAL APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • ENTERPRISE (MANUFACTURING)
        • Table AR DISPLAY MARKET FOR ENTERPRISE APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR ENTERPRISE APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • AUTOMOTIVE
        • Table AR DISPLAY MARKET FOR AUTOMOTIVE APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR AUTOMOTIVE APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • HEALTHCARE
        • Table AR DISPLAY MARKET FOR HEALTHCARE APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • AEROSPACE & DEFENSE
        • Table AR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • ENERGY
        • Table AR DISPLAY MARKET FOR ENERGY APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR ENERGY APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • OTHERS
        • Table AR DISPLAY MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table AR DISPLAY MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
    • VR DISPLAY APPLICATIONS
      • CONSUMER
        • Table VR DISPLAY MARKET FOR CONSUMER APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table VR DISPLAY MARKET FOR CONSUMER APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • COMMERCIAL
        • Table VR DISPLAY MARKET FOR COMMERCIAL APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table VR DISPLAY MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • ENTERPRISE (MANUFACTURING)
        • Table VR DISPLAY MARKET FOR ENTERPRISE APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table VR DISPLAY MARKET FOR ENTERPRISE APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • HEALTHCARE
        • Table VR DISPLAY MARKET FOR HEALTHCARE APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table VR DISPLAY MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • AEROSPACE & DEFENSE
        • Table VR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table VR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
      • OTHERS
        • Table VR DISPLAY MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
        • Table VR DISPLAY MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table AR DISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
    • APAC
      • Table APAC AR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table APAC AR DISPLAY MARKET, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table APAC AR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
      • Table APAC VR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table APAC VR DISPLAY MARKET, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table APAC VR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • REST OF APAC
    • NORTH AMERICA
      • Table AR DISPLAY MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table AR DISPLAY MARKET IN NORTH AMERICA, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table NORTH AMERICA AR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
      • Table NORTH AMERICA VR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN NORTH AMERICA, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2024 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table EUROPE AR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table AR DISPLAY MARKET IN EUROPE, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table AR DISPLAY MARKET IN EUROPE, BY COUNTRY, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN EUROPE, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN EUROPE, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN EUROPE, BY COUNTRY, 2016–2024 (USD MILLION)
      • UK
      • GERMANY
      • FRANCE
      • REST OF EUROPE
        • Table AVERAGE INTERNET SPEED IN EUROPEAN COUNTRIES, 2018
    • ROW
      • Table AR DISPLAY MARKET IN ROW, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table AR DISPLAY MARKET IN ROW, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table AR DISPLAY MARKET IN ROW, BY REGION, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN ROW, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN ROW, BY DEVICE TYPE, 2016–2024 (USD MILLION)
      • Table VR DISPLAY MARKET IN ROW, BY REGION, 2016–2024 (USD MILLION)
      • MIDDLE EAST & AFRICA
      • SOUTH AMERICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • RANKING ANALYSIS OF PLAYERS IN THE AR AND VR DISPLAY MARKET
      • Table RANKING OF KEY PLAYERS IN AR AND VR DISPLAY MARKET, 2018
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES AND DEVELOPMENTS
      • AGREEMENTS, PARTNERSHIPS, CONTRACTS, JOINT VENTURES, AND COLLABORATIONS
      • MERGERS AND ACQUISITIONS
  • COMPANY PROFILES
    • INTRODUCTION
    • KEY PLAYERS
      • SAMSUNG ELECTRONICS
      • SONY
      • EMAGIN CORPORATION
      • KOPIN CORPORATION
      • LG DISPLAY
      • JAPAN DISPLAY (JDI)
      • SYNDIANT
      • AU OPTRONICS
      • BARCO
      • SEIKO EPSON
      • BOE TECHNOLOGY
      • HOLOEYE PHOTONICS
    • KEY INNOVATORS
      • HIMAX TECHNOLOGIES
      • INNOLUX CORPORATION
      • TRULY INTERNATIONAL
      • CREAL3D
      • INT TECH (CHUANGWANG)
      • JASPER DISPLAY CORP. (JDC)
      • OLIGHTEK
      • EVERDISPLAY OPTRONICS
      • NEW VISION DISPLAY (NVD)
      • RAONTECH
    • OTHER PLAYERS
      • UNIVERSAL DISPLAY CORPORATION
      • FRAUNHOFER FEP
      • INDUSTRIAL TECHNOLOGY RESEARCH INSTITUTE (ITRI)
      • GOOGLE
      • VUZIX
      • MAGIC LEAP
      • OCULUS
      • HTC
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook