Head-Up Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Head-Up Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:

The global head-up display market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 19.5% during 2023-2028.

A heads-up display (HUD) is a transparent, electronic display projected onto the windshield or a separate screen that displays information directly in the line of sight (LoS) of the driver. This helps the driver to conveniently access information, such as the speed, warning signals and indicators for navigation, thus receiving real-time information without taking eyes off the road. Owing to this, HUD is widely installed in passenger cars as well as in commercial vehicles.

The market is primarily driven by the increasing sales of automobiles across the globe. Along with this, the growing consumer preferences for luxury and premium cars that are equipped with advanced display and safety features including HUD systems, is further driving the market growth. Several manufacturers are integrating various driver assistance tools, such as augmented reality (AR) and a larger area for visuals for offering a safer driving experience, thus catalysing the product demand. Moreover, various automobile companies are introducing HUDs in mid-range car models to reach the mid- and low-income consumer base, which is expected to create a positive outlook for the market. Additionally, rapid urbanization, rising consumer expenditure capacities, along with several technological advancements, including the utilization of liquid crystal display (LCD) and light-emitting diode (LED), are some of the other factors contributing in the growth of global heads-up display market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global head-up display marke report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, conventional and augmented reality, technology and application.

Breakup by Product Type:

Windshield HUD
Combiner Glass HUD
Collision Warning Only HUD

Breakup by Conventional and Augmented Reality:

Conventional HUD
Augmented Reality Based HUD

Breakup by Technology:

CRT Based HUD
Digital HUD

Optical Waveguide HUD
Digital Micromirror Device (DMD) HUD
Light Emitting Diode (LED) HUD
Others

Breakup by Application:

Aviation
Automotive

Breakup by Region:

Asia Pacific

China
Japan
India
South Korea
Others

North America

United States
Canada

Europe

Germany
France
United Kingdom
Italy
Spain
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being BAE Systems, Continental, Denso, Garmin, Microvision, Nippon Seiki, Panasonic Automotive Systems, Robert Bosch, Thales Group, Visteon, etc.

Key Questions Answered in This Report:

How has the global head-up display market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global head-up display market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the conventional and AR-based HUDs?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global head-up display market and who are the key players?
What is the degree of competition in the market?