Middle East and Africa Head Mounted Display Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Integrated HMD, Discrete HMD, and Slide-On HMD), Application (Training & Simulation, Sports & Leisure, Imaging, Defense & Security, and Ot

Middle East and Africa Head Mounted Display Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Integrated HMD, Discrete HMD, and Slide-On HMD), Application (Training & Simulation, Sports & Leisure, Imaging, Defense & Security, and Others), Component (Display Screens, Controllers, Sensors, Cameras, and Others), Technology (Augmented Reality, Virtual Reality, and Mixed Reality), Design (Head Mounted Display and Wearable Glasses), and Connection (Wired, Wireless, and Hybrid)

The head mounted display market in MEA is expected to grow from US$ 640.18 million in 2021 to US$ 4,346.77 million by 2028; it is estimated to grow at a CAGR of 31.5% from 2021 to 2028. HMD is rapidly becoming popular in sports applications, such as drone racing, robot war, and FPV sports. Growing adoption of HMDs in sports across the world, increasing production, the introduction of high-speed drones, growing expenditure in research & development of flying technologies, the introduction of racing sports leagues across different regions, increasing awareness of reducing harmful environmental emissions from sports vehicles, and an increasing number of racing events are among the key factors driving the growth of racing drones. Due to the increasing popularity of HMD in sports applications especially in drone racing, many strategic initiatives such as collaborations, new product developments, and other initiatives taken by market players and different bodies across the world will create a future trend in the global market. For instance, in August 2019, the Drone Racing League announced the launch of a new drone named “DRL Racer4” that can speed from 0mph to 90mph in less than a second. It comes with an HMD device that provides the operator/pilot full control and visibility through the equipped camera in that drone.

Based on design, the MEA head mounted display market is bifurcated into head mounted displays and wearable glasses. The mounted display segment led the MEA head mounted display market in 2020. Head mounted displays are defined as the devices worn on the head and a display that allows the user to experience different variations of videos or information along with accessibility to control the same. Most of the AR/VR headset devices are designed in the form of head mounted displays, which is also a semi-open helmet-shaped device. The increasing demand for HMDs for gaming & entertainment purposes, training & simulation that includes aircraft and loco pilot training operations for trainees, are the major factors for growth MEA head mounted display market

In the MEA, various sectors, such as automotive, healthcare industry, consumer electronics, retail, and industrial manufacturing along with many small and medium-sized enterprises (SMEs), faced difficulties in running their businesses. Manufacturing units are shut down due to continuous lockdowns, social distancing norms, and limited employees available to run production lines with all safety measures, owing to the slowdown of the head mounted display market growth in the region. Many Arab countries are mainly driven by consumer, electronics, retail, manufacturing, energy, and IT & telecom sector. The adoption of AR/VR headset technologies has been on the rise across this region due to several factors, such as booming growth in the gaming industry, industrial automation, and precise manufacturing. However, the market is expected to witness a significant growth in 2021 across the region compared to 2020 due to the rising investments across AR/VR technologies among different industries.

The MEA head mounted display market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the MEA head mounted display market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the MEA head mounted display market. BAE Systems; Google LLC; HTC Corporation; Lenovo Group Limited; Microsoft Corporation; Samsung Electronics Co., Ltd; Seiko Epson Corporation; and Sony Corporation are among the key players operating in the market in this region.

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