The global head-up display market size is expected to reach USD 13.5 billion by 2025 at a CAGR of 25.9%, according to a new report by Grand View Research, Inc. In terms of shipments HUD systems demand would reach 34.87 million units by the year 2025.
A
Head Up Display is computerized systems that projects information onto the
screen in vicinity to the viewer on screen or by means of a separate display.
The HUD systems projects data, images, and supporting information to driver or
the viewer in such a way that the viewer can view both the outside world and
the information simultaneously. Initially, the HUD displays were prominently
deployed in aviation industry seeking deployment specifically in military
aircrafts. Later, the HUD displays were hosted on to civil aircrafts by means
of a secondary screen. In recent times, HUD system finds applications in
dynamic application arenas including automobile windscreens, motorcycle helmets
where the data is displayed on the visor.
Nowadays,
numerous luxury car manufactures such as Daimler AG and BMW AG have started
incorporating HUD displays in their premium automobile models. Imminent future
is expected to witness standardization of these HUD systems as they help in
reducing accident proportion and ensure safer driving. HUD displays are even
deployed in numerous gaming applications that seek deployment in conjunction
with augmented reality technology. In the coming years, the automotive sector
will endure to be the major contributor to the head up display market,
nevertheless, the solicitation of HUDs in the wearables segment will witness
the highest growth during the forecast period.
The
demand from the automotive vertical and the increasing growth opportunities in
the wearables sector are driving the growth of the head up display market.
Automotive manufacturers are concentrating on ensuring HUD systems design, and
economic assessment capability of deployment in basic & mid-segment cars.
Full Research Report On Head-Up Display Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/head-up-display-hud-market
Head Up Display
Market Report Highlights
- The
automotive HUD application segment dominated the market (in terms of
market size) in 2015. HUD system further find solicitations in the aviation
and wearables segments.
- North America
dominated the global market and accounted for the largest market share (in
terms of revenue) in 2015; however, Asia Pacific region is anticipated to
overgrow North America in terms of revenue by the year 2025.
- The growing
demand for HUD system can be attributed to the ever-growing demand for
efficient and safe driving technology, across defense and civil sectors
- Further,
sports and premium car segments would initially witness higher adoption of
HUD systems, whereas over the forecasts the HUD incorporation would
increase in basic and mid-segment car segments.
- The key
industry participants include BAE Systems, Continental AG, DENSO
Corporation, Elbit Systems, Visteon Corporation, Robert Bosch LLC, and
YAZAKI Corporation
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Head Up Display
Market Segmentation
Grand View Research has
segmented the head up display market based on applications, and regions:
Head Up
Display Application Outlook (Revenue, USD Million; 2014 - 2025)
- Automotive
- Premium/Luxury Cars
- Sports Cars
- Basic & Mid-segment Cars
- Aviation
- Wearables
- Other
Head Up
Display Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- The Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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