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Jersey City, New Jersey, May 06, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, ' Head Up Display Market ' By Component (Video Generator, Projector/Projection Unit, Display Unit & Software), By Type (Windshield & Combiner), By Technology (Conventional & AR Based), By End User (Aerospace & Automotive), By Sales Channel (OEM's & Aftermarket), and by Geography. According to Verified Market Research, the Global Head Up Display Market was valued at USD 1.26 Billion in 2020 and is projected to reach USD 8.03 Billion by 2028, growing at a CAGR of 26.05% from 2021 to 2028.
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202 - Pages
126 – Tables
37 – Figures
Global Head Up Display Market Overview
The foremost growth driver for the Head Up Display Market is the rise in demand of connected vehicles. Connected cars come with features such as audio and visual entertainment from infotainment units and improve the driving experience by providing convenience and safety features such as navigation, real-time traffic, and parking space updates. Bluetooth connection to a HUD is an example of a connected feature of a HUD, which assists us in looking at incoming calls, messages, and music selection with a minimal amount of distraction. Safety features are mostly provided by advanced HUD systems such as operating with an infrared camera to enable visibility in fog conditions and projecting lines on the highway. Such features, which help a driver to navigate an automobile seamlessly are the prime reason for the positive drive in the demand for connected vehicles.
A number of worldwide car registration and growing awareness regarding road safety has also been a significant market growth driver, and for the demand for Heads Up Display globally. This can be attributed majorly to the rising worldwide population and a rise in disposable income across many economies. As of 2018, there were 1.4 billion cars on the road in the world, to which 2019 has added 63.73 million passenger cars globally. Such a mammoth number of cars increases the traffic congestion, and consequently, the risk of road accidents. This further drives the demand for Heads Up Display.
Key Developments in Head Up Display Market
• Visteon Corporation, the market leader in the fast-growing cockpit domain controller segment, launched India's first Smart Core cockpit domain controller that powers the infotainment system and digital and hybrid instrument cluster variants on the Tata Harrier in 2019. The integrated digital cockpit of the future will consist of multiple displays powered by a single domain controller for instrument cluster, infotainment, connectivity, HUD and driver monitoring functions.
• In June 2019, Continental has developed a head-up display (HUD) in a project spearheaded by its development and production service provider, Continental Engineering Services. This HUD is particularly suitable for integration into cockpits with limited installation space, such as in sports cars, the company noted.
• In 2021, Volkswagen has launched an Augmented Reality Head Up display. Volkswagen has introduced the technology in the compact segment.
The major players in the market are Panasonic Corporation (Japan), Nippon Seiki Co., Ltd. (Japan), Elbit Systems Ltd. (Israel), Texas Instruments Incorporated (U.S.), Denso Corporation (Japan), BAE Systems (U.K.), Visteon Corporation (U.S.), Continental AG (Germany), Esterline Technologies (U.S.), Pioneer Corporation (Japan) among others.
Verified Market Research has segmented the Global Head Up Display Market On the basis of Component, Type, Technology, End-User and Sales Channel and Geography.
- Head Up Display Market by Component
- Video Generator
- Projector/Projection Unit
- Display Unit
- Software
- Others
- Head Up Display Market by Type
- Windshield Based
- Combiner Based
- Head Up Display Market Technology
- Head Up Display Market by End User
- Head Up Display Market by Sales Channel
- Original Equipment Manufacturers (OEM's)
- Aftermarket
- Head Up Display Market by Geography
- North America
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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