Dublin, Nov. 03, 2023 (GLOBE NEWSWIRE) -- The "Head-Up Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global head-up display (HUD) market has achieved a significant milestone, reaching a market size of US$ 1.3 Billion in 2022. Market experts project robust growth, with expectations that the market will surge to US$ 4.1 Billion by 2028, representing an impressive compound annual growth rate (CAGR) of 19.5% during the period from 2023 to 2028.
A heads-up display (HUD) is an electronic, transparent display projected onto a vehicle's windshield or a dedicated screen, providing drivers with crucial information in their line of sight. HUDs enable drivers to access real-time data such as speed, navigation indicators, and warning signals without diverting their attention from the road. As a result, HUDs are increasingly integrated into passenger cars and commercial vehicles.
The market's primary driver is the rising global sales of automobiles. Furthermore, consumers' growing preference for luxury and premium vehicles equipped with advanced display and safety features, including HUD systems, contributes to market growth. Many manufacturers are incorporating various driver assistance tools, including augmented reality (AR) and larger visual display areas, to enhance driving safety, driving up demand for HUD systems.
Moreover, several automobile companies are introducing HUDs in mid-range car models to cater to mid- and low-income consumers, fostering positive market prospects. Rapid urbanization, increased consumer spending power, and technological advancements such as the adoption of liquid crystal displays (LCDs) and light-emitting diodes (LEDs) are also contributing factors driving the global head-up display market.
Key Market Segmentation:
The market report provides insights into various market segments:
Breakup by Product Type:
- Windshield HUD
- Combiner Glass HUD
- Collision Warning Only HUD
Breakup by Conventional and Augmented Reality:
- Conventional HUD
- Augmented Reality-Based HUD
Breakup by Technology:
- CRT-Based HUD
- Digital HUD
- Optical Waveguide HUD
- Digital Micromirror Device (DMD) HUD
- Light Emitting Diode (LED) HUD
- Others
Breakup by Application:
- Aviation
- Automotive
Breakup by Region:
- Asia-Pacific (China, Japan, India, South Korea, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Competitive Landscape:
The report features an analysis of the competitive landscape, including profiles of key market players such as BAE Systems, Continental, Denso, Garmin, Microvision, Nippon Seiki, Panasonic Automotive Systems, Robert Bosch, Thales Group, Visteon, and more.
Key Questions Answered in This Report:
- How has the global head-up display market performed to date, and what are the growth prospects?
- What are the key regional markets?
- What is the impact of COVID-19 on the global head-up display market?
- What is the breakdown of the market by product type?
- What is the breakdown of the market by conventional and AR-based HUDs?
- What is the breakdown of the market by technology?
- What is the breakdown of the market by application?
- What are the various stages in the industry's value chain?
- What are the key driving factors and challenges in the market?
- What is the structure of the global head-up display market, and who are the key players?
- What is the degree of competition in the market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 146 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $1.3 Billion |
| Forecasted Market Value (USD) by 2028 | $4.1 Billion |
| Compound Annual Growth Rate | 19.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/gmznhr
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