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Head-Up Display Market by Component, Type, Application And Geography - Global Forecast to 2023

Head-Up Display Market: Global Forecast until 2023

  • April 2018
  • 144 pages
  • ID: 3336756
In this report:
The HUD market registered a shipment of ##,##.## thousand units in 2017 and is expected to reach ##,##.## thousand units by 2023, at a CAGR of ##.##% during the forecast period.
The head-up display market registered a shipment of ##,##.## thousand units in 2017 and is expected to reach ##,##.## thousand units by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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Rise in appreciation about passenger and vehicle safety drives the head-up display market

The head-up display market is forecasted to reach ~$4.7B by 2023 from ~$1.3B in 2018, at a compound annual growth rate (CAGR) of ~29.9 percent between 2018 and 2023. The Elements such as growth in appreciation about passenger and vehicle safety, convenience provided by the combination of satellite navigation technology and HUD system, growth in demand for connected vehicles and technologically advanced HUDs drive the market demand for head-up displays. Nevertheless, important space requirement in the automotive cockpit and high requirement of luminance, power, and brightness restrain the increase of the market.

Conventional HUD held the most important share of the head-up display market in 2017

Conventional HUD held the biggest share of the head-up display market in 2017.Conventional HUDs are widely used in commercial and defense airplanes and automobiles applications.

Conventional HUDs in airplanes display information regarding position, radar information, flight path, acceleration, and real-time position, which helps pilots to react instantly.This innovation has slowly made its way into the automotive sector and is currently being considered among the prominent driver assistance systems.

Growing adoption of the technology by Original equipment manufacturers, reducing installation prices of HUD systems, and rising importance given to vehicle and passenger safety systems are the factors responsible for the increase of this market.

North America (NA) is forecasted to hold the biggest share of the market during the estimate period

North America continent held the biggest share of the head-up display market in 2017, in terms of revenue, and the similar trend is anticipated to continue during the outlook period. Drivers responsible for the increase ot the HUD market in North America (NA) are rise in appreciation about active safety systems in automobile and aircraft manufacturing business; big customer base and high disposable income of people propel the industry demand for premium and luxury cars equipped with HUDs, which act as value-added features for these cars.

Breakdown of primary participants:

• By Company category: Tier 1 = 25.0 percent, Tier 2 = 35.0 percent, and Tier 3 = 40.0 percent

• By Description: C-suite executives = 35.0 percent, Directors = 25.0 percent, and Others = 40.0 percent

• By Area: EU = 43.0 percent, Asia-Pacific = 29.0 percent, North America continent = 14.0 percent, and RoW = 14.0 percent

Segment Research

In this business report, the head-up display market has been split on the basis of component, category, application, and territory.The analysis also considers the drivers, industry restraints, possibilities, and opportunities for the market increase.

It contributes a in-depth view of the market across 4 main regions-North America, Europe (EU), Asia-Pac, and RoW. Value chain study has been included in the market research, together with the key competitors and their competitive study in the head-up display ecosystem.

Why Purchasing This Study Can Help You:

• this business report includes statistics for the head-up display market established on component, category, application, and area, together with their respective market sizes.

• Value chain review and top industry trends have been provided for the industry.

• Major drivers, market restraints, alternatives, and opportunities for the head-up display market have been provided in detail in this industry report.

• this business report would benefit partners to comprehend their players better and acquire additional insights to improve their rank in the sector. The competitive outlook section includes competitor landscape and the recent development strategies approved by the top players in the market including product launches and advancements, alliances, and mergers and acquisitions.

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