Press release
Head-up Display Market to Benefit from Growing Demand from Aviation and Automotive Industries
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According to the research report, in 2014, the global market for head-up displays (HUD) was worth US$1.76 bn and is estimated to reach a value of US$7.05 bn by the end of 2022. The market is projected to exhibit a progressive 19.10% CAGR between 2015 and 2022.
The growing demand for HUDs from the aviation and automotive industries and high growth in the luxury and high-end car segment in developing economies are the major factors driving the global head-up display market. In addition, the introduction of the latest technologies, including gesture and speech recognition, is another factor that is estimated to boost the demand for HUDs in the forecast period. However, the high cost of manufacturing HUDs is the key factor hampering the growth of the global HUD market.
On the basis of type, the global market for head-up displays has been classified into windshield projected HUDs and combiner projected HUDs. Among these two types, the combiner projected HUDs segment is gaining high popularity due to its easy installation process and low cost. This segment is further projected to dominate the global HUD market throughout the forecast period.
On the basis of application, the global market for head-up displays has been segmented into automotive, aviation, and others. The automotive segment is further categorized into sports cars, mid-segment cars, and premium cars, whereas the others segment is further sub-categorized into gaming and sports. In 2014, the aviation segment led the overall market, followed by the automotive segment. The rising trend of integration of HUDs in the premium car and high-end car segments have further encouraged manufacturers of mid-segment cars to adopt HUD systems and technology to enhance the safety of drivers. As a result, the mid-segment cars segment is estimated to witness rapid growth in the next few years.
On the basis of geography, the global market for head-up displays has been divided into the Middle East and Africa, North America, Latin America, Asia Pacific, and Europe. In 2014, the North America market led the overall market, holding a 35.1% share in the global HUD market. On the other hand, the Asia Pacific HUD market is estimated to grow rapidly, exhibiting a 19.40% CAGR between 2015 and 2022. The high growth rate of the Asia Pacific market can be contributed to the growing automotive sector in several countries such as India, China, and Japan.
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Furthermore, the research report talks about the competitive landscape of the global HUD market, focusing on the company profile, products offered, financial overview, business policies, and recent developments, if any. The prominent players operating in the global HUD market include Rockwell Collins Inc., Microvision Inc., Yazaki Corporation, Delphi Automotive PLC, Esterline Technologies Corporation, Johnson Controls Inc., Thales Group, Pioneer Corporation, Continental AG, Denso Corporation, BAE Systems plc., and Nippon Seiki Co. Ltd.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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