Head-Up Display Market Growth Driven by Demand for Enhanced Driver Safety Features
Head-up Display
Market Growth & Trends
The global head-up display market size is expected to reach
USD 15.26 billion by 2030, registering a CAGR of 15.7% from 2023 to 2030,
according to a new report by Grand View Research, Inc. A Head Up Display is
computerized systems that projects information onto the screen in vicinity to
the viewer on screen or by means of a separate display. The HUD systems
projects data, images, and supporting information to driver or the viewer in
such a way that the viewer can view both the outside world and the information
simultaneously. Initially, the HUD displays were prominently deployed in
aviation industry seeking deployment specifically in military aircrafts. Later,
the HUD displays were hosted on to civil aircrafts by means of a secondary
screen. In recent times, HUD system finds applications in dynamic application
arenas including automobile windscreens, motorcycle helmets where the data is
displayed on the visor.
Access the Head-up Display Market Size, Share & Trends Analysis Report
By Application (Automotive, Aviation, Wearables, Others), By Region (North
America, Europe, Asia Pacific, Latin America, Middle East And Africa), And
Segment Forecasts, 2023 - 2030
Nowadays, numerous luxury car manufactures such as Daimler
AG and BMW AG have started incorporating HUD displays in their premium
automobile models. Imminent future is expected to witness standardization of
these HUD systems as they help in reducing accident proportion and ensure safer
driving. HUD displays are even deployed in numerous gaming applications that
seek deployment in conjunction with augmented reality technology. In the coming
years, the automotive sector will endure to be the major contributor to the
head up display market, nevertheless, the solicitation of HUDs in the wearables
segment will witness the highest growth during the forecast period.
The demand from the automotive vertical and the increasing
growth opportunities in the wearables sector are driving the growth of the head
up display market. Automotive manufacturers are concentrating on ensuring HUD
systems design, and economic assessment capability of deployment in basic &
mid-segment cars.
Head-up Display
Market Report Highlights
·
The automotive segment accounted for the largest
revenue share of around 77.2% in 2022.
·
North America dominated the market and accounted
for the largest revenue share of 30.3% in 2022.
·
The growing demand for HUD system can be
attributed to the ever-growing demand for efficient and safe driving
technology, across defense and civil sectors
·
Further, sports and premium car segments would
initially witness higher adoption of HUD systems, whereas over the forecasts
the HUD incorporation would increase in basic and mid-segment car segments.
Order your free sample copy of “Head-up Display Market Report 2023 -
2030, published by Grand View Research
Key Companies &
Market Share Insights
The market is highly competitive, and the players are
undertaking strategies such as forecast launches, acquisitions, and
collaborations to increase their global reach. For instance, in June 2023,
Honeywell International Inc. acquired Saab's heads-up display assets to enhance
its avionics offerings. Under the agreement, Saab will collaborate with
Honeywell to enhance and expand its HUD product line. Heads-up-display improves
pilots' situational awareness, particularly during challenging weather or
nighttime conditions. This partnership will result in safer and more
fuel-efficient flights, allowing passengers to reach their destinations more
reliably.
Key Head-up Display Companies:
·
BAE Systems
·
Continental AG
·
DENSO CORPORATION
·
Elbit Systems Ltd.
·
Visteon Corporation
·
YAZAKI Corporation
·
Robert Bosch LLC
·
Collins Aerospace
·
Thales
Explore Horizon, the world’s most expansive market research database
About Grand View
Research
Grand View Research, U.S.-based market research and
consulting company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San
Francisco, the company comprises over 425 analysts and consultants, adding more
than 1200 market research reports to its vast database each year. These reports
offer in-depth analysis on 46 industries across 25 major countries worldwide.
With the help of an interactive market intelligence platform, Grand View
Research helps Fortune 500 companies and renowned academic institutes
understand the global and regional business environment and gauge the
opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Comments
Post a Comment