The head-up display market is expected to reach USD 4.71 Billion by 2023 from USD 1.27 Billion in 2018, at a CAGR of 29.91% during the forecast period.
The factors such as increase in awareness about passenger and vehicle safety; convenience offered by combination of satellite navigation technology and HUD system; increase in demand for connected vehicles and technologically advanced HUDs drive the demand for head-up displays.
The report covers the analysis and forecast of the head-up display market based on component, type, application, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and challenges for the head-up display market. It also profiles the key players operating in the head-up display market.
The head-up display market based on type is segmented into conventional HUD and AR-based HUD. The conventional HUD segment held the largest share of the head-up display market in 2017. Conventional HUDs are widely used in commercial and defense airplanes and automotive applications. Conventional HUDs in airplanes display information regarding position, radar information, flight path, acceleration, and real-time position, which helps pilots to react instantly. This innovation has slowly made its way into the automotive industry and is currently being considered among the prominent driver assistance systems. Increasing adoption of the technology by OEMs, reducing installation prices of HUD systems, and increasing importance given to vehicle and passenger safety systems are the factors responsible for the growth of this market.
The head-up display market based on application has been segmented into aviation and automotive. The market for automotive HUDs is primarily driven by the increase in adoption of advanced driving assistance systems by OEMs across vehicle types and consumer demand for in-vehicle safety features that potentially reduce collisions and injuries caused by human-driver errors.
Head-Up Display Market
North America held the largest share of the head-up display market in 2017, in terms of revenue. Drivers responsible for the growth of the HUD market in North America are increase in awareness about active safety systems in automobile and aircraft manufacturing business, large customer base, and high disposable income of people propel the demand for premium and luxury cars equipped with HUDs, which act as value added features for these cars. Europe may surpass the head-up display market in 2023.
Large space requirement in automotive cockpit and high requirement of luminance, power, and brightness are the factors restraining the growth of the head-up display market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Major Opportunities in Head-Up Display Market 4.2 Head-Up Display Market, By Type 4.3 Head-Up Display Market in APAC 4.4 Head-Up Display Market, By Application 4.5 Head-Up Display Market, By Region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Increase in Awareness About Passenger and Vehicle Safety 220.127.116.11 Convenience Offered By Combination of Satellite Navigation Technology and HUD System 18.104.22.168 Increasing Demand for Connected Vehicles 22.214.171.124 Increasing Demand for Technologically Advanced HUDs 126.96.36.199 Augmented Reality Expected to Drive HUD Market 5.2.2 Restraints 188.8.131.52 Large Space Requirement in Automotive Cockpit 184.108.40.206 High Requirement of Luminance, Power, and Brightness 220.127.116.11 Fatal Errors in HUD Display Technology 5.2.3 Opportunities 18.104.22.168 Increasing Demand for Semi-Autonomous and Electric Vehicles 22.214.171.124 Screen-Less Display is an Emerging Technology in HUD Market 126.96.36.199 Enhanced Driving Experience Using AR-Based HUDs 5.2.4 Challenges 188.8.131.52 High Cost of Advanced Head-Up Display Systems 184.108.40.206 Laser-Based Volumetric Display as an Alternative to HUD
6 Industry Trends 6.1 Introduction 6.2 Value Chain Analysis 6.3 Regulatory Standards
7 Head-Up Display Market, By Component 7.1 Introduction 7.2 Video Generator 7.3 Projector/Projection Unit 7.3.1 Liquid Crystal on Silicon (LCOS) Projector 7.3.2 Digital Light Processing (DLP) Projector 7.3.3 Laser Beam Steering (LBS) Projector 7.4 Display Unit 7.4.1 Digital Micro Mirror Device (DMD) Display 7.4.2 Liquid Crystal Display (LCD) Technology 7.4.3 Liquid Crystal Silicon Technology 220.127.116.11 Nematics LCOS Display 18.104.22.168 Ferroelectric LCOS Display 7.5 Software 7.6 Others
8 Head-Up Display Market, By Technology 8.1 Introduction 8.2 Cathode Ray Tube 8.3 Light-Emitting Diode 8.4 Optical Waveguide 8.5 Microelectromechanical System