Growth of the Head-up Display Market during 2022-2027

The Head-up display market size is valued at USD 2.4 billion in 2022 and is anticipated to USD 6.4 billion by 2027; growing at a CAGR of 21.3% from 2022 to 2027.

 

Factors such increasing awareness about passenger and vehicle safety are driving the growth of the market during the forecast period.

 

There has been a severe impact of the COVID-19 pandemic on the growth of the head-up display market. The supply of components used for the development of head-up displays has witnessed some disruptions as most of the research and development activities and new product launches related to head-up displays are expected to be postponed or dropped until the end of 2022.

 

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The global demand for semi-autonomous and electric vehicles has increased significantly in the last few years. The increased adoption of these vehicles is accelerating the demand for head-up displays. Semi-autonomous vehicles can sense their environment and navigate to the destination with the partial interference of humans. They can be operated through voice commands. These vehicles are primarily used to provide enhanced safety and convenience to drivers. 

 

Europe is projected to account for the largest size of the head-up display market from 2022 to 2027. The market in this region has been studied for Germany, the UK, France, and the Rest of Europe. Globally, Europe is considered as the prominent luxury/premium car-manufacturing region. Leading high-end car OEMs, such as Audi AG (Germany), BMW AG (Germany), Mercedes-Benz (Germany), Bentley Motors Ltd. (UK), Maserati (Italy), Skoda Auto (Malda), Ferrari s.p.a (Italy), and Bugatti Automobiles S.A.S (France), have their headquarters in Europe.

Europe is also one of the leading aircraft-manufacturing regions in the world. Key European airlines, such as Lufthansa AG (Germany), Air France (France), and Airbus (France), are the leading civil aviation aircraft manufacturers present in Europe. Gulfstream (Georgia), BAE Systems (UK), Dassault (France), Eurocopter (France), and AgustaWestland (UK) are among the key aircraft and helicopter manufacturers in the world that are based in Europe. The significant presence of automobile and aircraft manufacturers in the region is also driving the growth of the head-up display market in Europe.

 

Continental (Germany), BAE Systems (UK), Thales Group (France), Garmin (Switzerland), Bosch (Germany), and Saab AB (Sweden) are the leading players operating in the head-up display market in Europe.