Global Head-Up Display market accrued revenue worth nearly 1.9 (USD Billion) in 2019 and is set to record the CAGR of about 30.8% over the period from 2020 to 2026.
The global Head-Up Display market accrued revenue worth nearly 1.9 (USD Billion) in 2019 and is set to record the CAGR of about 30.8% over the period from 2020 to 2026. The report offers assessment and analysis of the Head-Up Display market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Head-up display is a kind of transparent display that provides information without requiring the pilots or users to drift away from their usual viewpoints. Furthermore, pilot’s eyes are not required to highlight on the outside view while using head-up display for looking at optically less-distant objects. Although, head-up displays were earlier utilized in military & aviation activities, they are now used in various other sectors such as automotive and commercial airplanes.
Furthermore, there are plethora of factors facilitating the designing of head-up-display. This encompass field of view, eye-box, boresight, collimation, luminance/ contrast, compatibility, and scaling. Moreover, on aircraft systems, the head-up displays function from two independent computer technologies.
Market Growth Dynamics
The growth of the head-up display industry over the forecast timeline can be attributed to reduced product costs along with easy integration of the product with iPhone & smartphones. Moreover, head-up-display adds to driver safety along with preventing distractions.
Apparently, onset of new technologies such as GPS and AR that can easily fitted on the head-up displays will proliferate the expansion of head-up display industry over the forecast timeline. The rise in the purchasing capacity of the end-users along with the surge in the per capita income of the customers will propel the growth rate of the market over the years ahead. Apart from this, escalating awareness among the vehicle users about safety will prop up the market expansion within the next few years.
In addition to this, the market is likely to gain traction over the forecast period subject to the huge application scope of the product in automotive and aerospace & aviation sectors. Furthermore, car manufacturer are focusing on improving the consumer experience and this will further intensify the expansion of the head-up-display industry in the near future.
North America To Contribute Sumptuously Towards Overall Market Earnings Over 2020-2026
The regional market growth over the forecast timeline is credited to large-scale presence of key industry players coupled with huge capital funding in research activities pertaining to launching of new technologies for producing head-up-displays. Additionally, rising awareness among the population of the region about benefits incurred through the product use will further embellish the surge in growth of the market in the sub-continent during the estimated timeframe.
Key players profiled in the report include Elbit Systems Ltd., Saab AB, NAVDY, Thales Group, Honeywell International Inc., PANASONIC CORPORATION, Heads Up Display, Inc., Esterline Technologies Corporation, Garmin Ltd, EXPLORIDE INC., ROBERT BOSCH GMBH, HUDWAY, LLC, Nippon Seiki Co., Ltd., BAE Systems, DENSO CORPORATION, Visteon Corporation, Delphi Technologies, Pioneer Corporation, and HOLOEYE SYSTEMS, INC.
The global head-up display market is segmented as follows:
The key growth drivers that will leverage the market growth include huge application scope of the product in automotive and aerospace & aviation sectors.
The CAGR of the industry is expected to be nearly 30.8% during the forecast timespan.
North American region will contribute remarkably towards the global market share over the estimated timeline.
The key market participants include Saab AB, Honeywell International Inc., Heads Up Display, Inc., Esterline Technologies Corporation, Garmin Ltd, ROBERT BOSCH GMBH, Thales Group, Continental AG, Nippon Seiki Co., Ltd., BAE Systems, DENSO CORPORATION, Visteon Corporation, Delphi Technologies, Pioneer Corporation, Elbit Systems Ltd., PANASONIC CORPORATION, EXPLORIDE INC., HUDWAY, LLC., NAVDY, and HOLOEYE SYSTEMS, INC.