BURNABY, British Columbia, August 13, 2014 /PRNewswire/ --
Defense and automotive sectors would continue to be key end-users for global head-up display market during the next five years
Traditionally, HUDs have been used in defense and civil aircraft to ensure flight safety. In addition, the use of HUDs is growing in automotive sectors for displaying information such as speed, urgent warning signals and navigation directions within 1.8-2 meters of the driver's field of vision. According to a recently published TechSci Research report, "Global Head-up Display Market Forecast & Opportunities, 2019", the global market for head-up displays (HUD) is projected to reach USD5.06 billion by 2019.
The defense sector is expected to continue dominating the market due to increasing military spending, globally, coupled with growing demand for airplane, helicopter, land vehicles, etc. The automotive sector, which accounted for second largest market sharein 2013, in revenue terms, is also forecast to witness significant growth over the next 3-4 years. Moreover, the launch of affordable HUDs is anticipated to see the surge in demand for these devices in low and medium segment cars.
The Americas would maintain its dominance in the global HUD market in the forecast period, however Asia-Pacific is expected to witness higher growth during the forecast period due to high growth in emerging economies such as China, India and Indonesia.
China,presently holding second position in the global luxury car market, is projected to surpass the US by the end of the forecast period.
BAE Systems plc, Rockwell Collins Inc., Thales SA, Continental AG, Elbit Systems Ltd., Delphi Automotive Plc, DENSO Corporation and Nippon Seiki Co.,Ltd.are some of the leading manufacturers in the global HUD market.
"The launch of picoprojector based low cost and interactive head-up displays is setting a new trend in the global HUD market. Moreover, with increasing demand for high resolution and enhanced picture quality advanced display technologies such as holographic and volumetric display are expected to gain significant market share over the next five years, thus driving the HUD market across the globe.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Head-up Display Market Forecast & Opportunities, 2019" has evaluated the future growth potential of HUD market across the globe, and provides statistics and information on market structure, market trends, market size, etc. The report includes HUD market demand projections till 2019. The report is intended to provide cutting-edge market intelligence and enable decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the global head-up display market.
About TechSci Research
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SOURCE TechSci Research