Head Up Display Market to grow at a CAGR of 17.0% from 2021-2027 | Valuates Reports

The global Head-Up Display market size is projected to reach US$ 3291.9 million by 2027, from US$ 1286.4 million in 2020 at a Compound Annual Growth Rate (CAGR) of 17.0% during 2021-2027

The demand from the automotive vertical and the increasing opportunities for growth in the wearables sector are driving the growth of the Head Up Display Market size.

Initially, traditional head-up displays were designed for aviation and military applications. However, they are widely used in automotive applications. The major factors responsible for this growth of head up display market size are increased adoption by OEMs in display technology, reduced installation costs of head-up display systems, and increased importance given to vehicle and passenger safety systems.

Conventional HUDs are used as a secondary display device in automobiles to provide the driver with information on navigation routes, vehicle direction, fuel indication, lane-departure alert, and traffic information. HUDs power the demand from the automotive segment with enhanced benefits such as monochrome, 4-color monitor, night vision, high contrast, and color-rich virtual images. These new features are expected to fuel the HUD adoption and thereby increase the Head Up Display Market size.

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Artificial Intelligence is being introduced by the use of a cloud terminal in the Heads-up Display. AI works as a driver's digital assistant observing the driver's preferences at various times of the day and week and automatically scheduling the entertainment, navigation and other details needed at the appropriate time. This incorporation of AI in HUD is expected to increase the Head Up Display Market size.

The automotive application segment is expected to account for the largest market share over the forecast period. The section of aviation follows next due to most commercial aircraft adopting head-up display systems for optimal landing and takeoff.

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Major factors driving market growth in the North American area are the emergence of major technology firms and significant investments made in head-up display R&D. North America currently holds a large Head-Up Display Market share in the global market.

Europe's market closely follows the North American region. The market growth in this region is attributed to the increasing awareness among individuals about the benefits offered by head-up displays.

The global Asia Pacific market is expected to account for a comparatively higher CAGR due to an increasing perception among users of the benefits the technology provides.

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Major Players in the Head-Up Display Market
➣BAE Systems
➣Continental
➣DENSO
➣Elbit Systems
➣Visteon
➣Robert Bosch
➣YAZAKI
➣Others

Head Up Display Market by Type
➣Conventional HUD
➣AR-Based HUD

Head Up Display Market by Application
➣Aviation
➣Automotive

by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA

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