Head-up Display Market by Component (Video Generator, Projection Unit, Display Panel, Others); Type (Conventional HUD, AR-Based HUD); Application (Aviation, Automotive, Others): Global Market Size Estimates and Forecast (2022-2030)
The head-up display market is expected to cross US$ 2.65 billion in 2022 and is projected to hit US$ 7.23 billion by 2030, recording a CAGR of 20% during the forecast period.
Rising Head-up Display based Applications Globally
Head-up displays (HUDs) are getting adopted in numerous applications including vehicle driving, flight manipulation, machine maintenance, and sports. The HUD enable the end-user to enhance situational comprehension using real-time information. Current downsizing of the display devices is projected to augment the adoption rate of HUD in more new arenas.
The conventional HUD segment by type contributes massively towards the growth of HUDs. For creating awareness for the driver about any risky events, the demand for windshield-based system in automotive industry is growing. This factor is playing a key role in boosting the growth of head-up display market.
Within the report, the market is segmented into component, type, application, and geography. Based on component, the head-up display market is segmented into video generator, projection unit, display panel, others. Based on type, the head-up display market is divided into conventional HUD, AR-based HUD. By application, the head-up display market is categorized into aviation, automotive, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Advent of HUV Integrated with More Sophisticated Technology such as VR
Head-Up Display is a digital transparent image and is projected on the windshield of a car; it displays the data that would get from the dashboard. HUD shows current speed and various temperature gauges. They are installed as a part of the car and can pull information in real-time, without the need for any GPS. A HUD meets the comfort, safety, and entertainment needs of the end-users. The growth in awareness about passenger and car safety and convenience provided by the HUD system is driving the growth of the head-up display market.
Adoption of HUDs in Automotive Industry is Projected to Grow at an Exponential Rate
In automotive industry, the demand for HUD is expected to gain momentum in the forthcoming period. With the wave of electric vehicles and semi-autonomous is getting spread globally, the demand for more HUDs is experiencing an upward trend. As advanced automotive especially cars are equipped with smart systems with partial human interference, forward collision avoidance, park assistance, and advanced cruise control, the requirement of HUDs will endure to rise.
Moreover, increasing applications in aviation industry is another factor accounted for accelerating the growth of head-up display market.
Recent Strategic Developments in Head-up Display Market
The head-up display market has undergone several significant developments, and a few of these have been mentioned below:
- In February 2022, Continental AG has introduced HUD for trams. The company’s new HUD solutions aims at making the intra-urban traffic safer by confirming that all tram drivers can emphasize fully on road.
- In June 2019, Continental has unveiled first ultra-compact and high-performance HUD that can be utilized in sports cars. The HUS is ideal for integration into the cockpits with limited installation space. Additionally, new HUD ensures reliable visualization of information to the driver and increased safety and comfort.
The head-up display market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BAE Systems; Continental AG; DENSO Corporation; Embitel; Garmin Ltd.; HUDWAY, LLC; Nippon Seiki Co., Ltd.; Panasonic Corporation; Thales Group; and Visteon Corporation are among the prominent players operating in the head-up display market.
Target audience for the report:
- HUD raw material and component providers
- HUD providers and manufacturers
- HUD -related service providers
- HUD related associations and Government bodies
- HUD distributors and third party distributors
- Target end users of HUD
Scope of the report:
In this report, the market has been segmented on the basis of:
- Component
- Video generator
- Projection unit
- Display panel
- Others
- Type
- Conventional HUD
- AR-Based HUD
- Application
- Aviation
- Automotive
- Others
- Region
- North America
- Europe
- Asia Pacific
- South & Central America
- Middle East & Africa
- Companies profiled
- BAE Systems
- Continental AG
- DENSO Corporation
- Garmin Ltd.
- Thales Group
Companies profiled
- BAE Systems
- Continental AG
- DENSO Corporation
- Garmin Ltd.
- Thales Group