Head-up Display Market - Global Opportunity Analysis and Industry Forecasts to 2027

The global head-up display market in terms of revenue was estimated to be worth USD 2.4 billion in 2022 and is poised to reach USD 6.4 billion by 2027, growing at a CAGR of 21.3% from 2021 to 2026. The new research study consists of an industry trend analysis of the market.

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

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=684

Opportunity: Growing demand for semi-autonomous and electric vehicles

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. Semi-autonomous vehicles are equipped with advanced functions such as park assistance, forward collision avoidance, and advanced cruise control. The head-up displays deployed in semi-autonomous vehicles display these features on windshields in the line of sight of drivers.

Challenge: Availability of laser-based volumetric displays as alternatives to head-up displays

Laser-based volumetric displays are key substitutes for head-up displays. Volumetric head-up displays represent information in a volumetric aspect. With the help of lasers, images are projected on windshields to give the illusion of depth. During the night and harsh driving conditions such as fog, low-light vision, and heavy rains, laser-based volumetric displays ensure enhanced safety and traveling information to drivers. In the automotive industry, volumetric head-up displays use laser rays to display images on windshields. In the aviation sector, volumetric displays play an important role in air traffic control.