Global Head-up Display Market is valued at USD 2987.4 Million in 2021 and is expected to reach USD 11576.3 Million by 2028 with a CAGR of 21.35% over the forecast period.
Global Head-up Display Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: Increasing number of automobile vehicles, growing investment in the military and defense sector, and rising awareness regarding the passenger and vehicle safety are some of the major factors driving the growth of the Global Head-up Display Market.
A head-up display, also known as HUD, is any transparent display that presents data without distracting users from their usual perspective. The origin of the name enables the pilot to see the information by placing his Head-up Display and looking forward, instead of looking down at the equipment at an angle. One of the major advantages of the HUD is that the pilot's eyes do not need to refocus to see the outside view after seeing the equipment optically close. Although originally developed for military flight, HUDs are now used in commercial aircraft, automobiles, and other (mostly commercial) applications. “Head-up displays help to stay informed by focusing on the road ahead. A human can set what information to display on the windshield. It is also useful for multitasking because it allows the user to check speed and direction at a glance.
The Covid-19 pandemic has shown a negative impact on the growth of the global head-up display market. Nationwide lockdowns and suspensions of major business activities by OEMs have delayed the testing of semi-autonomous driving systems and advanced safety features. Due to Covid-19, transportation waws disturbed thus negatively impacted the market and there has been some disruption in the supply of components used for the development of head-up displays, as most research and development activities and new product launches related to head-up displays are expected to be postponed or abandoned by the end of 2022.
The Global Head-up Display Market is segmented on the basis of the type, component, technology, and region & country level. On the basis of type, the global head-up display market is classified into windshield, combiner, and AR based. By component, the market is segmented into projection units, display panels, video generators, and software. By technology, the global head-up display market is segmented into CRT, DLP, liquid crystal display (LCD), microelectromechanical systems (MEMS), waveguide, and LCOS. By application, the market is segmented into military and defense, automotive, civil & aviation, and others.
Some major key players for the global head-up display market report cover prominent players like
On May 4th,2022; BAE Systems unveiled a new lightweight, compact head-up display (HUD) for use in commercial and military aircraft.A light wave is a laptop-sized HUD mounted on a pilot's head that presents critical information such as direction, altitude, and speed directly to their vision. Being 70% smaller and lighter than a traditional HUD, the LiteWave can be fitted to a plane with the most limited cockpit space. It is up to 80% faster to install and its simple design makes maintenance quick and inexpensive.
On February 11th, 2022; Maruti Suzuki India launched its new Baleno (New Maruti Baleno Facelift Launch) and its features are coming to the fore. For the first time, Maruti offers a feature in this vehicle that they have not provided in any of their vehicles to date. Maruti Suzuki has started showing the teaser of the new Baleno 2022. This shows that the company is moving into a new car with a head-up display. At the same time, it had an infotainment screen that had never been seen in any Maruti vehicle.
On August 20th, 2019; Jaguar Land Rover, a part of Tata Motors, developed head-up display technology that beams real-time safety information in front of drivers and allows passengers to stream 3D movies directly from their seats as part of a shared, and autonomous future.
Increasing Number of Automobile Vehicles, Rising Awareness Regarding the Passenger and Vehicle Safety, and Growing Investment in the Military and Defense Sector are Some of the Major Factors Driving the Market Growth
One of the major factors driving the growth of the head-up display market is the increasing number of automobile vehicles. The growing consumer preference for luxury and premium cars, equipped with advanced displays and security features along with HUD systems, is driving the growth of the market. The most obvious reason for increasing traffic congestion everywhere is population growth. In rich nations, more people mean more vehicles. For instance; according to The International Organization of Motor Vehicle Manufacturers; the world produced 91.8 million vehicles in 2019. Thus, the increasing use of vehicles is also supplementing the demand for automobile vehicles.
In addition, rising awareness regarding the passenger and vehicle safety is also fostering the market growth. Road safety is important as road accidents are the leading cause of death in the country. As the number of vehicles on the roads increases with each passing hour, it is very important for everyone to have traffic awareness and to understand and respect all the road safety rules in the country. Everyone should know the traffic signs and the rules of the road. Traffic signs can give important information that can ensure your safety and the safety of those around you, and awareness of the rules of the road can reduce the chances of an accident. For instance, according to World Health Organization, on June 21st, 2021; an estimated 1.3 million people die each year from road accidents in the world.
Moreover, the growing investments in the military and defense sector are also boosting the market growth. Rising investment in the military and defense sectors in various countries is driving the adoption of smart and advanced HUDs in aircraft. Proper visibility, effective control, and timely warning of danger or danger are optimal for pilots operating fighter jets and official aircraft. It also encourage the manufacturers to launch advanced HUDs for the military and defense sectors. For instance; as per the news published, on May 4th, 2022; BAE Systems launched a new lightweight head-up display for use in commercial and military aircraft. Thus, investments in the military and defense sector so head-up displays for use in commercial and military aircraft are launched.
However, the high cost associated with the head-up displays may hinder the growth of the global head-up display market. In spite of that, increasing demand for semi-autonomous and electric vehicles may offer an opportunity for the further growth of the market.
Geographically, Europe is expected to dominate the global head-up display market within the forecast period due to the increasing demand for connected cars, rising technological advancement in the automotive industry, and growing presence of key players in this region. The connected vehicle can send SOS notifications and also connect to the emergency services in the event of an accident. If the vehicle breaks down, the car will be automatically connected to the roadside assistance service. For instance; as per the news published, on December 2nd, 2021; a Live trial of the 5G connected car concept is to launch in Turin, Italy. In addition, rising number of technological advancements in the automotive industry are supplementing the market growth. HUD helps drivers to see not only vehicle information but also the surrounding environment. Incoming phone calls and messages, driving speed, navigation, impending collisions, while applying the front brakes, etc are also some of the innovative features. Drivers can get alert by many such notifications. On May 4th, 2022; BAE Systems launched a new lightweight head-up display for use in commercial and military aircraft.
North America is expected to witness a significant growth the global head-up display market due to the increasing number of road accidents, rising investments in R & D, and growing adoption of advanced technologies in the automotive industry in this region. In most of the cases, accidents are caused by either negligence, discomfort, Overspeed, violation of traffic rules, drunk driving, poor vehicle maintenance, bad weather, etc. All of this adds to the growing number of accidents and road deaths. For instance; according to the association for safe international road travel, in 2022; approximately 1.35 million people die in road crashes each year.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 2987.4 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 11576.3 Million|
|Tables, Charts & Figures:||175|
|Head-Up Display Companies||Nippon Seiki, BAE Systems, Visteon, Pioneer, Denso, Continental, Bosch, Yazaki Corporation others.|
|Segments Covered||By Type, By Component, By Technology, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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