Industry Outlook and Trend Analysis
The Head up Display (HUD) Market was worth USD 1.78 billion in the year 2012 and is expected to reach approximately USD 18.77 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 26.58% during the forecast period. The development of HUD market is fundamentally determined because of the inexpensive product and simple combination with smartphones, which improves the security of drivers by decreasing diversions. Inventive solution offerings, for example, worldwide positioning system and increased reality that can be coordinated with the head-up display framework additionally drives the interest for head-up display market. HUD is a transparent display that presents data in the driver's viewable pathway without the need to turn away from the street. HUDs were at first created for military and aviation applications; nonetheless, they are progressively being used as a part of commercial aircraft, automobiles, and different wearables. The expansion in purchasing power of people because of development in discretionary income is anticipated to fuel the development of the head-up display market. The modern-age populace is winding up more well informed and satisfactory towards products that are technologically advanced that provide more secure driving practices. Moreover, expanding awareness with respect to security is a key factor boosting the development of the head-up display market. The enhanced way of life of the worldwide populace has brought about expanded moderateness for premium autos, which thus has supported the use of head-up display for navigation purposes. Despite the fact that few car makers are presently offering head-up display systems as an extra component in cars, it might in the long run wind up noticeably essential for each car producer to execute them for enhanced security and improved experiences of consumers.
Application Outlook and Trend Analysis
On the basis of applications, the worldwide display market has been sectioned into wearables, automotive, aviation, and others. The automotive application portion is anticipated to represent a critical share of the overall industry over the conjecture time frame. The aviation section takes after next attributable to larger part of business air ship executing head-up display systems for ideal landing and departure. The expanding number of flight simulators likewise essentially drives the development of head-up display market. Furthermore, the designing of transparent display turns out to be a noteworthy challenge for sellers as the presentations are required to give improved visibility in sunlight similarly that they would around night time. The automotive fragment has additionally been sub-divided into sports cars, basic & mid-segment cars, and premium/luxury cars. The premium/luxury cars sub-fragment is anticipated to represent a noteworthy share of the overall industry in the car portion over the gauge period. The reconciliation of head-up displays with driver assistance systems, which are progressively implemented by a many automobile makers, is anticipated to drive the market development of these displays. The wearable application fragment is anticipated to represent a nominal share of the market over the figure time frame as merchants are investing vigorously in R&D to offer an improved driving background. Expanding requirement for products that are technologically advanced, which offer improved precision, is the key driving variable for the development of head-up displays market in the wearable application.
Regional Outlook and Trend Analysis
The existence of expansive technology organizations and tremendous investments made in the R&D of head-up displays are the central point driving the development of the market in the North American district. Presently, North America possesses a noteworthy share of the overall industry in the general worldwide market, which is trailed by Europe because of the expanding awareness among people about the advantages offered by head-up displays. Recent advancements in technologies as for the automotive business, for example, augmented reality and adaptive cruise control, are the real patterns which would prompt a huge ascent in the interest for the general United States head-up display market. Moreover, the area being one of the biggest auto markets worldwide is likewise anticipated that would altogether support the market income. The Asia Pacific regional market is expected to represent a similarly higher CAGR, attributable to the expanding awareness among clients with respect to the advantages offered by the innovation. Development in the way of life and discretionary income are the driving elements for the development of the market in this area.
The major players in the market are Continental AG, ROBERT BOSCH LLC, Elbit Systems, Yazaki, Visteon, BAE Systems and Denso. Head-up display systems have discovered a developing use in the automotive business by virtue of many security highlights which help in the diminishment of collision occurrence.
The global Head up Display Market is segmented as follows-
Basic & Mid-segment Cars
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?