NEW YORK, December 21, 2016 /PRNewswire/ --
Growing adoption of advanced technologies in defense, aviation and automotive sectors, coupled with declining average selling prices of head-up displays to drive global head-up display market through 2021
According to TechSci Research report, "Global Head-up Display Market By Technology, By Component, By End User, Competition Forecast and Opportunities, 2011 - 2021", global head-up display market is projected to grow at a CAGR of over 20% during 2016-2021. Growing military spending and rising adoption of latest technology by civil aviation and automotive sectors are anticipated to propel growth in global head-up display market in the coming years. Moreover, number of road traffic deaths across the globe increased from 1.2 million in 2010 to 1.33 million in 2014. Rising safety concerns are further driving demand for head-up displays from the automotive sector. Additionally, growing technological advancements is aiding head-up display manufacturers to reduce prices and sustain stiff competition in global head-up display market. Demand for head-up display devices is also emanating from various end user segments such as gaming, sports and infotainment.
Figure: Global Military Expenditure As a Percentage of GDP, By Major Country/Region, 2015
Country/Region Military Expenditure (%) Middle East & Africa 7.8 United States 3.3 India 2.4 France 2.1 United Kingdom 1.9
Source: World Bank
Browse 68 market data Tables and 106 Figures spread through 278 Pages and an in-depth TOC on
"Global Head-up Display Market"
In 2015, North America dominated global head-up display market owing to growing aviation industry and aggressively increasing defense budgets of various countries in this region. However, Asia-Pacific is projected to demonstrate the fastest growth in global head-up display market in the coming years, due to increasing demand from automotive segment and rising per capita income levels. Furthermore, major end user sectors in global head-up market are defense, automotive and civil aviation. Continuously growing fleet size of helicopters, land vehicles, airplanes, etc., is driving demand for head-up displays from the defense sector. Demand for HUDs from the automotive sector is forecast to witness robust growth over the next five years due to their rising integration in luxury cars. Moreover, launch of low cost HUDs is anticipated to further fuel adoption of these devices from low and medium range cars.
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"Head-up displays integrated with high resolution projection and enhanced picture quality technologies, and other advanced technologies such as 3D holographic projection technology is anticipated to propel growth in global head-up display market during 2016-2021. Another innovation in head-up displays are augmented reality based head-up displays that display speed or turn-by-turn directions on the windshield. Rising focus of manufacturers on technological advancements in head-up displays in line with the demands of various end user industries is projected to boost growth in the global head-up display market in the coming years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Head-up Display, By Technology, By Component, By End User Market Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of global head-up display market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global head-up display market.
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