The Mixed Reality Headsets Market is segmented by Technology (Augmented Reality (AR) Headsets {Head Mounted Displays, Smart Glasses}, Virtual Reality (VR) Headset {Tethered, Untethered}), Application (Entertainment, Healthcare, Aerospace and Defense, Automotive, Retail), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Market Dynamics

The growth of the mixed reality headsets market is primarily driven by the widespread use of mixed reality headsets in applications including entertainment, healthcare, automotive and retail. Increasing adoption of advanced technologies in the gaming industry coupled with growing digitalization is likely to drive the growth of the global mixed reality headsets market at a significant rate during the review period. In addition to this, rising demand for advanced and low-cost mixed reality headsets devices is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment Analysis

Application Trends

By application, the mixed reality headsets market has been bifurcated into entertainment, healthcare, aerospace, and defense, automotive, and retail. Under these, the entertainment segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increased spending on high-tech games particularly by the millenial.

Regional Analysis

By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the significant growth of the entertainment industry in developing countries such as India and China coupled with growing digitalization and increasing per capita disposable income of the consumers. The market growth in the North American region is expected to be driven by the high adoption rate of advanced technologies coupled with the presence of key market players such as Apple Inc. (US) and Atheer, Inc. (US).

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