Published: 07 February 2024
Head-mounted displays will not cross the chasm before 2030 but are projected to grow to $370 billion by 2034, with VR HMDs representing the largest opportunity. Product leaders must deliver an enterprise-capable solution with hardware, software and services to gain a competitive advantage.
The market for head-mounted displays (HMDs; augmented reality [AR] and virtual reality [VR] hardware and enterprise immersive software and services), is projected to grow to $370 billion by 2034 — up from $11.5 billion in 2024 — driven by growth in VR HMDs.
HMD hardware will take over sevenyears to cross the chasm.AR HMDs for frontline workers are projected to cross the chasm first in 2031, and VR HMDs as replacement display devices will cross the chasm by 2034.
Despite significant revenue opportunity, lack of content and lack of enterprise-ready platforms (security, manageability, integrability) are the leading adoption barriers for
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Analysts:
Tuong Nguyen, Evan Brown, Kanishka Chauhan, Ben Lee, Jon Erensen
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