The global head-up
display market foreseen to grow by 21.6%, from USD 3.75 Billion in 2021 to USD 17.93
Billion in 2029. Enhanced convenience offered by the
combination of satellite navigation technology and head-up displays, growing
demand for connected vehicles across the world, and growing demand for
improvement of in-vehicle experience are seen to drive the market over the
forecast period. However, the high luminance, power, and brightness
requirements of head-up displays, and space constraints in automotive cockpits
yet remain one of the factors hindering the market growth over the anticipated
period.
Market Definition
What is Head-Up Display?
Head-up display
market also known as a HUD presents data without requiring users to look away
from their usual viewpoints. HUD is a transparent display projected at eye
level so that a driver or pilot sees it without looking away from the road or
course. Head-up displays help you stay informed while keeping you focused on
the road ahead.
Market Overview
The
head-up display market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the head-up display market offers valuable
perspicuity and a current scenario for making the right decision. The research
study covers the eminent players in the market with a detailed analysis of the
company and a financial overview containing their net sales, business mix and
geographical reach It mainly focuses on the key developments of the products/services
offered by the company in recent years. Besides, we at Zettabyte have the
expertise to analyses the global head-up display market player's competitive
landscape helping the client comprehend their specific strategic growth
approaches.
head-up display
market study by "Zettabyte Analytics" offers details about the market
scope, market segmentation, technological advancement in the head-up display
market and highlights the optimistic, competitive landscape and trends enduring
over the years.
Major players in
the head-up display market Alps Alpine, Bae Systems, Bosch, Collins Aerospace,
Continental, Denso Corporation, Elbit Systems, Garmin, Honeywell Aerospace,
Microvision, Nippon Seiki, Panasonic, Pioneer Corporation, Renesas Electronics,
Saab Ab, Stmicroelectronics, Thales Group, Transdigm Group, Visteon
Corporation, Yazaki Corporation, Rockwell Collins, Texas Instruments
Incorporated.
COVID-19 Impact on Global Head-Up
Display Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the head-up display market
has forced the companies to change their sourcing, pricing, and promotion
strategies. The head-up display market players are seen focusing more on
optimizing the E-commerce networks with the rising innovations in the digital
sector, which are creating new business models for the Automotive &
Transportation industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and head-up display
market future markets are analyzed to understand their impact on demand for the
forecast period. Growth rates have been estimated using correlation, regression
and time-series analysis.
Market Segmentation
For the purpose
of this report, the global head-up display market segmented on the basis of component,
type, application, and region:
Component Outlook:
On the basis of
component, the market is segmented into display units, projectors/projection
units, software, video generators, other components.
Figure 1 Head-Up Display Market Component Type
(Market Size And Forecast By Value - USD Million, 2021 & 2029)