Market Research Report
Head-Up Display Market by Component (Video Generator, Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD, AR-Based HUD), Application (Aviation, Automotive), and Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||243896|
|Published||Content info||144 Pages
|Head-Up Display Market by Component (Video Generator, Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD, AR-Based HUD), Application (Aviation, Automotive), and Geography - Global Forecast to 2023|
|Published: April 2, 2018||Content info: 144 Pages||
The head-up display market is expected to reach USD 4.71 billion by 2023 from USD 1.27 billion in 2018, at a CAGR of 29.91% between 2018 and 2023. The factors such as increase in awareness about passenger and vehicle safety, convenience offered by the combination of satellite navigation technology and HUD system, increase in demand for connected vehicles and technologically advanced HUDs drive the demand for head-up displays. However, large space requirement in the automotive cockpit and high requirement of luminance, power, and brightness restrain the growth of the market.
Conventional HUD held the largest share of the head-up display market in 2017. Conventional HUDs are widely used in commercial and defense airplanes and automobiles applications. Conventional HUDs in airplanes display information regarding position, radar information, flight path, acceleration, and real-time position, which helps pilots to react instantly. This innovation has slowly made its way into the automotive industry and is currently being considered among the prominent driver assistance systems. Increasing adoption of the technology by OEMs, reducing installation prices of HUD systems, and increasing importance given to vehicle and passenger safety systems are the factors responsible for the growth of this market.
North America held the largest share of the head-up display market in 2017, in terms of revenue, and the similar trend is expected to continue during the forecast period. Drivers responsible for the growth of the HUD market in North America are increase in awareness about active safety systems in automobile and aircraft manufacturing business; large customer base and high disposable income of people propel the demand for premium and luxury cars equipped with HUDs, which act as value-added features for these cars.
Some of the major players operating in the head-up display market are as follows:
In this report, the head-up display market has been segmented on the basis of component, type, application, and geography. The report also discusses the drivers, restraints, opportunities, and challenges for the market growth. It gives a detailed view of the market across 4 main regions-North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the head-up display ecosystem.
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.