According to
the new market research report "Head-Up Display Market by Component (Video Generator,
Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD,
AR-Based HUD), Application (Aviation, Automotive), and Geography - Global
Forecast to 2023", The head-up display market is expected
to reach USD 4.71 Billion by 2023 from USD 1.27 Billion in 2018, at a CAGR of
29.91% between 2018 and 2023.
The factors
such as increase in awareness about passenger and vehicle safety, convenience
offered by the combination of satellite navigation technology and HUD system,
increase in demand for connected vehicles and for technologically advanced HUDs
drive the demand for head-up displays.
Get 10% Free
Customization on this Report
Head-up display market for AR-based HUDs expected to grow at
highest CAGR during forecast period
AR-based
HUDs are expected to be launched in luxury and premium range of vehicles once
they become commercially available in 2018. Technological advancements, as well
as increasing consumer demand for advanced safety functions, are expected to
drive the AR-based HUD market.
Head-up display market for automotive application expected to grow
at highest CAGR during forecast period
Head-up
display systems are used for automotive applications as a secondary display
unit to provide information on navigation routes, vehicle speed, fuel
indication, lane-departure warning, and traffic information to the driver. The
increase in adoption of advanced driving assistance systems by OEMs across
various vehicle types and consumer demand for in-vehicle safety features that
potentially reduce collisions and injuries caused by human-driver errors are
the factors responsible for the growth of this market.
Head-up display market in APAC expected to grow at highest CAGR
during forecast period
The head-up
display market is rapidly expanding in APAC. The growth of the market in APAC
can also be attributed to the rapidly growing demand for the mid-segment cars
equipped with head-up display systems and increasing per capita income of
China, Australia, South Korea, and Japan is expected to drive the head- up
display market in this region.
Ask for PDF Copy:
Some of the
major players operating in the head-up display market are Nippon Seiki (Japan),
Continental (Germany), DENSO (Japan), BAE Systems (UK), Visteon (US), Pioneer
Corporation (Japan), MicroVision (US), Thales (France), Garmin (Switzerland),
and Panasonic (Japan).
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche opportunities/threats
which will impact 70% to 80% of worldwide companies’ revenues. Currently
servicing 7500 customers worldwide including 80% of global Fortune 1000
companies as clients. Almost 75,000 top officers across eight industries
worldwide approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment