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Head-Up Display Market
Head-Up Display Market Outlook 2022-2027: Industry Report, Growth Rate, Demand, Top Manufacturers, Share, Size and Forecast
SHERIDAN, WYOMING, UNITED STATES, May 23, 2022 /EINPresswire.com / -- According to the latest report by IMARC Group, titled 'Head-Up Display Market Analysis Report : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,' the global head-up display market reached a value of US$ 1.1 Billion in 2021. Head-up display (HUD) refers to a transparent display that is widely equipped in automobiles. It is an electronically operated system mounted within the vehicle's dashboard that is usually designed to project information in the line-of-sight (LoS) of the driver. It comprises a video generation computer, and combiner and projector unit that aids in providing real-time information using data and visual elements. It assists the driver in conveniently accessing information related to speed, navigation indicators and warning signals. As a result, it is extensively used in commercial and passenger vehicles to offer comfort, safety and entertainment to the users. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 3.51 Billion by 2027, growing at a CAGR of 20.80% during 2022-2027.
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Global Head-Up Display Market Trends:
The global market is primarily driven by significant growth in the automotive sector. Along with this, various technological advancements across the industry are creating a positive outlook for the market. Also, the rising integration of augmented reality (AR) and micro-display imaging technologies with the product is gaining prominence among end users. Furthermore, the increasing incidences of road accidents are compelling leading players to heavily invest in the deployment of HUD systems in mid-range car models, which is expected to favorably impact the market growth. Additionally, the widespread utilization of HUD systems in aircraft for projecting flight instrument data is acting as a major growth-inducing factor. Moreover, the increasing popularity of premium and luxury vehicles, coupled with the inflating disposable incomes levels of the masses, is positively influencing the market growth across the globe. Other factors, including continuous product innovations and extensive research and development (R&D) activities conducted by key players, are further projected to drive the market growth.
Explore Full Report with TOC & List of Figure:
Key Market Segmentation:
Top Head-Up Display Manufacturers Worldwide :
•Panasonic Automotive Systems
Breakup by Product Type:
•Combiner Glass HUD
•Collision Warning Only HUD
Breakup by Conventional and Augmented Reality:
•Augmented Reality Based HUD
Breakup by Technology:
•CRT Based HUD
oOptical Waveguide HUD
oDigital Micromirror Device (DMD) HUD
oLight Emitting Diode (LED) HUD
Breakup by Application:
Breakup by Region:
•North America (United States, Canada)
•Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
•Europe (Germany, France, United Kingdom, Italy, Spain, Others)
•Latin America (Brazil, Mexico, Others)
•Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
•Market Performance (2016-2021)
•Market Outlook (2022-2027)
•Porter's Five Forces Analysis
•Market Drivers and Success Factors
•Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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