Researchstore.biz recently released a Report namely, “Global Head-Up Display Market by Component (Video Generator, Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD, AR-Based HUD), Application (Aviation, Automotive), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025. The market represents the comprehensive and collaborative analysis of Head-Up Display industry during past, present and forecast period.
In 2017, the global head-up display market was USD 1.96 Billion and now it is anticipated to grow to USD 5.14 Billion by 2025 at a CAGR of 31.42% during the forecast period from 2018-2025.
Analysis and research of the global head-up display market identify significant trends and factors driving or inhibiting the market growth. The Key drivers contributing to market growth are:
- Increasing demand for connected vehicles
- Increase in awareness about passenger and vehicle safety
- Use of augmented reality
- Convenience offered by combination of satellite navigation technology and HUD system
- Increasing demand for technologically advanced HUDs
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Market Key Coverage:
HUDs provides safety screen-less information information to users through their car’s windshields screens, mirrors, or glasses. The demand for connected vehicles, technologically advanced HUDs is increasing day by day and the growing need is expected to operate head-up display market:
As mentioned above, an increasing demand for connected vehicles, the increasing requirement of passenger and vehicle safety, and augmented reality are the key driving factors for the head-up display market. Moreover, other factors that will lead to the growth of the head-up display market in near future includes satellite navigation technology and HUD system’s combination.
The growth restraining factors of this market are a high requirement of luminance, power, & brightness, and fatal errors in HUD display technology as well as large space requirement in the automotive cockpit. In addition, a growing requirement for technologically advanced HUDs in numerous industrial area is projected to boost the head-up display market over the forecast period from 2018 to 2025.
The global head-up display market Segmentation Analysis: The forenamed market has been segmented on the basis of type, sales channel, car type, application, and region
R-based HUDs valued at around USD 1.01 Billion in 2017
On the basis of type, it is segmented into conventional HUD and AR-based HUD. AR-based HUDs contributes to business growth progress functions like a motivation for business modernization and plays a key role in disrupting industry verticals. The market share increase of AR-based HUD segment depends on driving factors such as rising developments and solutions for HUD as well as increasing customers demand for advanced safety solutions.
Automotive segment expected to achieve a market share of 55.37% over the forecast period
Major Applications of this market are aviation and automotive. Head-up display devices include key measures including navigation routes, vehicle speed, fuel indication, lane-departure warning, traffic information, and connectivity feature. So automotive segment is projected to see highest CAGR. The demand and use of modern driving assistance systems have increased the market share of the automotive segment.
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Market Analysis By Region:
Regions covered in the global market includeNorth America, Europe, Asia Pacific, South America, and the Middle East and Africa. The largest market share of approximately 27.4% was held by the Asia Pacific in 2017. The fast-growing demand for the mid-segment cars furnished with head-up display systems and rise in the per capita income of China, Australia, South Korea, and Japan countries had a major contribution to the growth of head-up display market in this region.
Market Analysis By Competition:
Some major players in the global automotive head-up display systems market include Delphi, Shenzhen Sunway Industry Co., Ltd., Rockwell Collins Inc., Thales SA, Continental AG, Elbit Systems Ltd., Delphi Automotive Plc, DENSO Corporation, Nippon Seiki Co. Ltd., Panasonic, Pioneer Corporation, Continental, BAE Systems, and Visteon.
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