Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market. However, its high cost hampers the market. On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players.
As per the report, the global head-up display (HUD) industry was pegged at $6.07 billion in 2019, and is expected to reach $19.11 billion by 2027, growing at a 20.1% CAGR from 2020 to 2027.
COVID-19 scenario:
- As the majority of countries are still in lockdown, the demand for HUD and other display technologies is decreased.
- Most of the manufacturing companies are not working up to their full potential, which negatively impacts the market.
- Most of the raw materials and raw materials for HUD are manufactured in China. However, the ban on import-export with Chinaimposed by China have hampered the market.
The combiner-based segment dominated the market
By type, the combiner-based segment held the largest share in 2019, accounting for more than half of the global head-up display market, owing to higher penetration rate of head-up displays in the aerospace and defense sector. However, the windshield-based segment is expected to register the highest CAGR of 22.8% from 2020 to 2027, due to the development of augmented reality technology.
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The aerospace segment to manifest the highest CAGR through 2027
By end user, the aerospace segment is expected to portray the highest CAGR of 24.2% during the forecast period, owing to increasing adoption of head-up displays by commercial and business aircraft. However, the automotive segment held the largest share in 2019, contributing to around three-fourths of the global head-up display market, enhanced safety features of premium vehicles.
Europe, followed by North America, held the lion's share
By region, the global head-up display market across Europe, followed by North America, held the lion's share in 2019, accounting for nearly two-fifths of the market. Moreover, the region is expected to manifest the highest CAGR of 22.0% during the forecast period, owing to presence of a significant number of OEMs.
Major market players
- BAE Systems
- Continental AG
- Denso Corporation
- Elbit Systems Ltd.
- Nippon Seiki Co., Ltd.
- Panasonic Corporation
- Rockwell Collins
- STMicroelectronics
- Texas Instruments Incorporated
- Visteon Corporation
The augmented reality HUD overlays the external environment of the vehicle with virtual imagery that appears to be a part of the driving situation.
This type of HUD highlights the street signs, enables advanced navigation that appears as arrows flowing over the road, and detects and illuminates the vehicles ahead to alert the driver of the distance between vehicles.
These advanced HUD functions are also projected to play a significant role in developing fully autonomous driving technology.Browse in-depth TOC on "Automotive HUD Market"359 – Tables70 – Figures300 – PagesThe COVID-19 pandemic has resulted in halted production and plunging sales and has forced the key players in the global automotive field to rethink their strategies.
The development and implementation of safety features are expected to slow down as well.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=112729713D HUD segment, by technology, is estimated to be the fastest-growing Automotive HUD Market during the forecast period.The 3-D HUD technology is attractive to leading auto manufactures because it is compact, does not require eye tracking, and provides a deeper field of view than the existing HUD displays.
The 3-D AR HUD can display information at different distances depending on the driving speed (e.g., 40 m ahead when driving at 40 km/h in urban areas, 80 m ahead when driving at 80 km/h on highways).The presence of any object can be detected with the help of 3-D projecting using sensors.
The luxury car segment includes brands like Audi, BMW, Land Rover, Mercedes Benz, and Jaguar, which are priced higher than USD 50,000.
If you never own an automobile with in-car head-up display process, or can't manage to have external on board head-up display installed, tech comes with your spine also.
HUD apps are available through which you are able to observe a picture of these forcing details on your own windshield, Clicking here for more information about:https://www.emailmeform.com/builder/emf/prod/vizr-reviews
The IDA Provides Automotive Head-up Display (HUD) Market Growth Analysis 2021 Report by Key Players, Types, Applications, Countries, and Forecast.
The Final Research Insights will get the complete Pandemic Impact Analysis Till 2026This Automotive Head-up Display (HUD) Market research report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole.
The global Industry growth depends on several factors that are Rising inclusion of artificial intelligence, automation, internet of things and others are expected to make sure that the market gains good mileage.
Involving demand estimation, new product development and entry strategies, marketing and distribution strategies in the high-risk arena of new developments by helping you identify unmet needs.The global Automotive Head-up Display (HUD) Market Eminent players making significant moves in the global market have earned their reputation by launching various strategies and profiting: Continental AG, Nippon, Delphi Automotive, Bosch, Denso, Visteon Corporation, Johnson Controls, Inc, Yazaki Corporation, E-Lead, Garmin, Harman, Pioneer Corp, Coagent Enterprise, Founder, Springteq Electronics, RoadRover TechnologyMarket Segmentation:Segment by TypeWindshield Projected HUDCombiner Projected HUDSegment by ApplicationPremium CarLuxury CarMid Segment CarOthersRequest for Free Sample Pages before Purchase:https://www.industrydataanalytics.com/reports/global-automotive-head-up-display-hud-market/inquiry?Mode=rohitBy region, the Automotive Head-up Display (HUD) Market is analysed across North America, Asia Pacific, Europe, Middle East & Africa and South America.
This report forecasts revenue growth at global, regional & country level from 2021 to 2026.North America (U.S., Canada, Mexico, etc.
)More than 90% of all companies globally with tier-one (direct) suppliers in impacted regions were headquartered in the U.S. Coming in second was Canada, with 7.5%.Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.
