The global head-up display (HUD) market size is projected to top US$ 7,053 Mn in 2022, as per a recent market analysis by Future Market Insights (FMI). Increasing demand for autonomous vehicles is expected to push sales at a 21.4% CAGR, with the market size reaching US$ 22,600 Mn by 2028.
Ongoing technological advancements to improve safety in passenger vehicles are ushering product developments in the market. Improvements in display units, driver-assistance systems, and other navigation and safety features will continue propelling sales in the forthcoming years.
In addition to this, the integration of connective technologies such as artificial intelligence (AI) and augmented reality in HUDs to improve the driving experience and road safety will remain a chief growth driver. As per FMI, applications in the automotive sector are expected to remain high, accounting for 22% of the total head-up display market share in 2022.
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Extensive Demand from Automotive and Military and Defense Sectors to Present Lucrative Growth Prospects
The demand for advanced cars has increased substantially in developed as well as developing regions with the disposable income of consumers increasing along with the average household income. Consumers are moving forward with the trends and technologies taking shape in the automotive industry based on which it has been anticipated that the integration of augmented reality is going to be relatively high in the near future, thus pushing the sales of head-up displays. Not only is the automotive sector one of the lucrative end users, the military and civil and aviation sectors are also going to emerge as potential sectors for manufacturers to invest in the near future.
Asia Pacific to Top the Chart with High Demand for Head-up Displays
The average household income of consumers in the Asia Pacific region has been constantly increasing over the past couple of years and is expected to maintain the forward trend in the coming years as well. ASEAN countries and India are likely to exhibit a high a demand for advanced and new consumer electronics and cutting edge automotive products including head-up displays. With these factors in consideration, APAC is expected to rise at an outstanding CAGR of 29.6% over the forecast period.
Companies to Gear up with Population Specific Strategies
The manufacturers and suppliers of head-up displays should focus the middle-class population as their target consumers, mostly developing countries. The introduction of economical and feasible products will help in the expanding their consumer base and also cater to the technological needs of the developing regions. The leading companies in the market are BAE Systems, Continental AG, Denso Corporation, Honeywell Aerospace, Panasonic Automotive Systems, and Robert Bosch, among several others.
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Head-up Display Market: Segmentation
- Projection Unit
- Video Generator
- Display Panel
- Micro Electro Mechanical Systems
- Liquid Crystal Display (LCD)
- Military and Defense
- Civil and Aviation
- Others (Manufacturing,
- Wearable etc.)
- Head Mounted
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Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Global Head-Up Display Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
4.3. Value Chain
5. North America Head-Up Display Market Analysis 2012–2016 and Forecast 2017–2027
6. Latin America Head-Up Display Market Analysis 2012–2016 and Forecast 2017–2027
7. Western Europe Head-Up Display Market Analysis 2012–2016 and Forecast 2017–2027
Future Market Insights
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