Aviation Industry Exhibits Strongest Demand for Head-up Displays (HUDs); Market to Surpass US$7.05 bn by 2022
According to a new market report published by Transparency Market Research Head-up Display Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2022”, the global head-up displays (HUDs) market, is forecast to reach US$ 7.05 bn by 2022. A HUD is a device used to project driving-related information such as vehicle speed, fuel reading, and navigation instructions directly onto the windshield of a vehicle.
Browse the full Head-up Display Market (Type: Combiner Projected HUDs, Windshield Projected HUDs; Applications: Aviation, Automotive, Others (Sports, Gaming, etc.); Automotive: Premium Cars, Sports Cars, Mid-segment Cars) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022 report at http://www.transparencymarketresearch.com/head-up-display-market.html.
The use of this device enhances driver safety, as drivers gain access to all critical information while also keeping their eyes on the road. HUDs were initially introduced in aeronautics to facilitate pilots to see aircraft-specific data on the windshield. Currently, HUDs are found in a number of other application areas, including automotive, gaming gadgets, 3D displays, and augmented reality applications.
The global HUD market was valued at US$ 1.76 bn in 2014 and is forecast to expand at a CAGR of 19.1% from 2015 to 2022. The market for HUDs has been segmented by type into combiner-projected HUDs and windshield-projected HUDs. The growing popularity of combiner-projected HUDs, owing to their low cost and ease of installation, is anticipated to outpace windshield-projected HUDs. By application, the market has been segmented into automotive, aviation, and other applications (sports, gaming, etc.). The automotive HUD segment has been further segmented into premium cars, sports cars, and mid-segment cars. The aviation segment dominated the global HUD market in 2014, followed by automotive segment. There is a growing trend of the incorporation of HUDs in the high-end and premium car segment and the manufacturers of mid-segment cars are anticipated to adopt this technology in the near future to enhance driver safety.
Based on geography, the HUD market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In terms of regional adoption, North America was the largest contributor to the global HUD market in 2014, accounting for 35.1% share of the overall head-up display market. Asia Pacific is expected to be the fastest-growing market for HUDs during the forecast period from 2015 to 2022, expanding at a CAGR of 19.4% from 2015 to 2022. This is mainly due to high growth in the automotive sector led by countries such as China, Japan, and India.
The global HUD market is moderately consolidated. Some of the key players in the HUD market include BAE Systems plc, Continental AG, Delphi Automotive PLC, Denso Corporation, Esterline Technologies Corporation, Johnson Controls Inc., Microvision Inc., Nippon Seiki Co. Ltd., Pioneer Corporation, Rockwell Collins Inc., Thales Group, and Yazaki Corporation.
This report analyzes the global head-up display market in terms of revenue (US$ Bn). The market has been segmented as follows:
Head-up Display Market, by Type:
- Combiner Projected HUDs
- Windshield Projected HUDs
Head-up Display Market, by Applications:
- Other (Sports, Gaming, etc.)
Head-up Display Market, by Geography:
- Rest of North America
- Rest of Europe
- South Asia
- Rest of Asia Pacific
Middle East and Africa (MEA)
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
- Rest of Latin America
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