Some of the major companies include BAE Systems (U.K.), Continental AG (Germany), Delphi Automotive PLC (U.S.), Denso Corporation (Japan), Esterline Technologies Corporation (U.S.), Johnson Controls Inc (U.S.), MicroVision Inc (U.S.), Nippon Seiki Co LTD (Japan), Pioneer Corp (Japan), Rockwell Collins (U.S.), Thales Group (France), and Yazaki Corp (Japan).
Geographically, the Head-Up Display market is majorly covered by the North America, APAC, Europe, and Rest of the World (ROW) regions. The Europe market accounts for the highest market share of the HUDs. The APAC region is expected to show the highest CAGR amongst all the regions, in the coming years.
According to a new market research report “Head-Up Display (Hud) Market by Components (Video Generator, Projector, Combiner & Others) by Applications (Military & Civil Aviation and Automotive) & by Geography (North America, Europe, APAC & ROW) - Forecast & Analysis to 2013 - 2020”, is expected to grow at a CAGR of 25.8% from 2013 to 2020, and reach $8.3 Billion in 2020.
Europe, leads the market share for the HUD market, as this region accounts for a majority of new developments in terms of the adoption of the technology. APAC has the highest growth rate amongst all the geographic regions.
The report covers the brief description of the major players that are active in the HUD market. It also covers the competitive landscape of these players, which includes the key growth strategies.
Scope of the report
The research report categorizes the “Head-Up Display (HUD) market” on the basis of the different components, applications, and geographical analysis.
On the basis of Components
The various components used in the HUD systems include video generator, projector, digital combiner, display panel, and other components.
On the basis of Application
The application of HUD systems includes the aviation, automobile, and other segments and their various sub-segments.
On the basis of Geography
The geography segment includes North America, Europe, the Asia Pacific (APAC), and the Rest of the World (ROW) regions.
The overall HUD market is segmented into three major segments: application, components, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report. The HUD market is expected to reach up to $8.3 billion by 2020, at an estimated CAGR of 25.8% from 2013 to 2020.
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Demand of the HUDs will be driven by the growth in the high-end and luxury car segment, which are bound to require HUD systems to be installed in them. The growth witnessed in the Pico Projector market is also one of the driving factors for the HUD market. The Head-Up Display market is witnessing a rise in innovations and continuous developments, thus, paving the way for advanced HUDs. These advanced HUDs allow users to access key information right in front of their sight allowing them to concentrate more on their driving and, thus, providing additional driving comfort.
The gradual rise in the HUD technology is seen because of the increased focus on active safety systems and the growth of high end luxury and sports car segment. The growth has also been witnessed in the Pico projector market. The 4th generation laser technologies are being used in the HUDs, which display images with better resolutions and the desired level of brightness. The HUD systems are offering reliability, low power consumption, small space adjustment, and low cost to manufacture. The companies are coming with some advanced features in HUDs; like Mobile ‘app’ support, by which the user can access the information and navigational assistance through mobile phone with a ‘Bluetooth’ or any other wireless technology access. The manufacturers are in the process ofeffectivelyimplementing the HUD technology in other areas like health care, defense, sports, gaming, and others. This is expected to bring a wave of further developments in the HUD technology.
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