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Head-Up Display Market Projected to reach 4.71 Billion USD by 2023 | Key players include Nippon Seiki, Continental, DENSO, BAE Systems and Visteon

01-29-2019 08:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

According to the new 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", 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 for technologically advanced HUDs drive the demand for head-up displays.

Browse 61 market data Tables and 51 Figures spread through 142 Pages and in-depth TOC on "Head-Up Display Market y - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/head-up-display-hud-market-684.html

Early buyers will receive 10% customization on this report.

Head-up display market for AR-based HUDs expected to grow at highest CAGR during forecast period

AR-based HUDs are expected to be launched in luxury and premium range of vehicles once they become commercially available in 2018. Technological advancements, as well as increasing consumer demand for advanced safety functions, are expected to drive the AR-based HUD market.

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Head-up display market for automotive application expected to grow at highest CAGR during forecast period

Head-up display systems are used for automotive applications as a secondary display unit to provide information on navigation routes, vehicle speed, fuel indication, lane-departure warning, and traffic information to the driver. The increase in adoption of advanced driving assistance systems by OEMs across various vehicle types and consumer demand for in-vehicle safety features that potentially reduce collisions and injuries caused by human-driver errors are the factors responsible for the growth of this market.

Head-up display market in APAC expected to grow at highest CAGR during forecast period

The head-up display market is rapidly expanding in APAC. The growth of the market in APAC can also be attributed to the rapidly growing demand for the mid-segment cars equipped with head-up display systems and increasing per capita income of China, Australia, South Korea, and Japan is expected to drive the head- up display market in this region.

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Some of the major players operating in the head-up display market are Nippon Seiki (Japan), Continental (Germany), DENSO (Japan), BAE Systems (UK), Visteon (US), Pioneer Corporation (Japan), MicroVision (US), Thales (France), Garmin (Switzerland), and Panasonic (Japan).

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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