DUBLIN, Nov. 3, 2023 (GLOBE NEWSWIRE) — The “Heads-up Display Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2023-2028” report has been added. ResearchAndMarkets.com Recruitment.
The global heads-up display (HUD) market has achieved a significant milestone with the market size reaching USD 1.3 billion in 2022. Market experts are predicting robust growth, with the market expected to soar to US$4.1 billion by 2028. The compound annual growth rate (CAGR) for the period 2023-2028 was 19.5%.
A heads-up display (HUD) is a transparent electronic display projected onto a vehicle’s windshield or a dedicated screen that provides important information within the driver’s line of sight. HUD allows drivers to access real-time data such as speed, navigation indicators and warning signals without taking their attention away from the road. As a result, HUDs are increasingly being integrated into passenger cars and commercial vehicles.
The main driver of the market is the increase in global automobile sales. Additionally, increasing consumer preference for luxury and premium vehicles with advanced display and safety features, including HUD systems, is contributing to market growth. Many manufacturers are incorporating various driver assistance tools, including augmented reality (AR) and larger visual display areas, to improve driving safety, increasing the demand for HUD systems.
Additionally, several car companies are introducing HUD in mid-range car models to cater to middle- and low-income consumers, fostering a positive outlook for the market. Rapid urbanization, increasing purchasing power of consumers, and technological advancements such as adoption of liquid crystal displays (LCDs) and light emitting diodes (LEDs) are also factors driving the global head-up display market.
Key market segmentation:
The market report provides insights on various market segments.
Breakdown by product type:
- windshield HUD
- combiner glass HUD
- Collision warning only HUD
Split by traditional reality and augmented reality:
- Traditional HUD
- Augmented reality based HUD
Breakdown by technology:
- CRT based HUD
- digital HUD
- Optical waveguide HUD
- Digital Micromirror Device (DMD) HUD
- Light emitting diode (LED) HUD
- others
Split by application:
Regional breakdown:
- Asia Pacific (China, Japan, India, Korea, Others)
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, etc.)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, etc.)
Competitive environment:
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, and Visteon.
Key questions answered in this report:
- How has the global heads-up display market progressed so far, and what are the prospects for future growth?
- What are the major regional markets?
- What is the impact of COVID-19 on the global heads-up display market?
- What is the market breakdown by product type?
- What is the market breakdown by traditional HUD and AR-based HUD?
- What is the market breakdown by technology?
- What is the market breakdown by application?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the market?
- What is the structure of the global heads-up display market and who are the key players?
- How competitive is the market?
Key attributes:
report attributes | detail |
number of pages | 146 |
Forecast period | 2022-2028 |
Estimated market value in 2022 (USD) | $1.3 billion |
Projected market value to 2028 (USD) | $4.1 billion |
compound annual growth rate | 19.5% |
Target area | global |
For more information on this report, please visit https://www.researchandmarkets.com/r/gmznhr.
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