Head up display is a transpicuous display that shows data without necessitating users to see away from their typical viewpoints. The head up displays are widely utilized in aircraft specific applications. Use of these displays allows commercial aircraft substantial flexibility in its operations.
Apropos a Future Market Insights’ report on global head-up display market, the market is anticipated to expand at 20.3% CAGR throughout the forecast period (2017-2027). The global market for head-up displays is anticipated to reach valuation of approximately US$ 18.4 Bn by the end of forecast period, up from the valuation of nearly US$ 2.5 Bn in the year 2016.
The improvements in the technology as well as discovery of bleeding edge technologies combined with presence of number of devices connected to internet as well as acceptance of wearable devices are expanding exponentially. This trend is likely to expand the demand for head-mount and wearable displays across the globe, thereby generating market opportunities for head-up displays across different sectors. It has been expected that investment by head-up display producers in projection technologies like laser projection, MEMS and LCoS will augur well of them in foreseeable future as it is likely to result in decrease in overall size of HUD system along with growing product life.
What are the factors influencing growth of the head-up display market?
In developed as well in emerging economies, demand for improved automobiles has been grown rapidly owing to the throwaway income rising along with average individual income. Customers are expecting more and more advancements with technologies and trends taking form in the automotive sector on the basis of which it has been expected that the integration of amplified reality is going to be relatively high in the near future, thereby increasing the sakes of HUD. Along with automotive sector, civil and military aviation sectors are also developing as the potential sectors for manufacturers to invest in foreseeable future. Existing HUD in the aviation industry is about to replace in the foreseeable future with more improved and newer versions of these displays. This trend is about to gain traction in near future. The devices being developed in the near future will be equipped with improved technologies with improved visibility range.
However, high price of head-up displays is anticipated to limit the expansion of the market across some emerging economies. Head-up displays are quite distracting and can be reason for accidents. Additionally, most of the customers are not aware of utilization of head-up displays.
Why will APAC region lead the head-up display market?
Over the past couple of years, the average per head income of consumers in the APAC region is constantly increasing and this trend is anticipated to expand over the foreseeable future. ASEAN countries and India are anticipated to witness high demand for improved and latest consumer electronics and cutting edge automotive products such as head-up displays. On the basis of these factors, the APAC region is projected to showcase outstanding 29.6% CAGR over the forecast period.
The projection unit, by component type is estimated to emerge as the prominent segment by the end of assessment period. On the basis of product type, the windshield display segment is expected to continue to lead the market over the assessment period with increased market valuation. The automotive industry is anticipated to remain the largest adopter of these head-up displays in foreseeable future.
What are the leading players operating in the head-up display market?
Several leading players in the global head-up display market has been profiled in this report such as Robert Bosch, BAE Systems, Denso Corporation, Panasonic Automotive Systems, Honeywell Aerospace, and Continental AG.
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