DUBLIN--(BUSINESS WIRE)--The "Head-Up Display Market by Component (Video Generator, Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD, AR-Based HUD), Application (Aviation, Automotive), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The head-up display market is expected to reach USD 4.71 billion by 2023 from USD 1.27 billion in 2018, at a CAGR of 29.91% between 2018 and 2023.
The factors such as increase in awareness about passenger and vehicle safety, convenience offered by the combination of satellite navigation technology and HUD system, increase in demand for connected vehicles and technologically advanced HUDs drive the demand for head-up displays. However, large space requirement in the automotive cockpit and high requirement of luminance, power, and brightness restrain the growth of the market.
Conventional HUD held the largest share of the head-up display market in 2017. Conventional HUDs are widely used in commercial and defense airplanes and automobiles applications. Conventional HUDs in airplanes display information regarding position, radar information, flight path, acceleration, and real-time position, which helps pilots to react instantly.
This innovation has slowly made its way into the automotive industry and is currently being considered among the prominent driver assistance systems. Increasing adoption of the technology by OEMs, reducing installation prices of HUD systems, and increasing importance given to vehicle and passenger safety systems are the factors responsible for the growth of this market.
North America held the largest share of the head-up display market in 2017, in terms of revenue, and the similar trend is expected to continue during the forecast period. Drivers responsible for the growth of the HUD market in North America are increase in awareness about active safety systems in automobile and aircraft manufacturing business; large customer base and high disposable income of people propel the demand for premium and luxury cars equipped with HUDs, which act as value-added features for these cars.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Head-Up Display Market, By Component
8 Head-Up Display Market, By Technology
9 Head-Up Display Market, By Type
10 Head-Up Display Market, By Application
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- BAE Systems
- Elbit Systems
- Esterline Technologies
- Heads Up Display
- Honeywell Aerospace
- Nippon Seiki
- Pioneer Corporation
- Robert Bosch
- Saab AB
- Thales Group
For more information about this report visit https://www.researchandmarkets.com/research/mx5mnq/global_headup?w=4