The growth of HUD market in the coming future is expected to be very important, with the revenue growth estimated to reach $8.36 billion by 2020, at an estimated CAGR of 25.8% from 2013 to 2020. The major players include: Continental AG (Germany), Denso Corporation (Japan), Johnson Controls Inc (U.S.), Nippon Seiki Co LTD (Japan), and Yazaki Corp (Japan).
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", published by MarketsandMarkets, is expected to grow at a CAGR of 25.8% from 2013 to 2020, and reach $8.3 Billion in 2020.
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The Head-Up Display (HUD) systems are fulfilling the safety, comfort, and entertainment needs of its users. The use of HUD offers several advantages, which includes undiverted concentration on driving, easy access to information, and fewer possibilities of accidents. HUDs were initially developed for military and aerospace applications during the 1960s, but now, the HUDs are extensively used in the commercial and civil aviation, automobile, and other sports and infotainment applications. Now, it has become an important aspect, as almost in all the aircrafts in the aviation sector, the HUDs are installed on large scale. Even the automotive sector is experiencing a rise in the application of advanced Head-Up Display systems in high end sports and luxury car segments.
Browse 83 Market Data Tables and 64 Figures spread through 300 Pages and in-depth TOC on "Head-Up Display (HUD) Market".
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The global Head-Up Display Market by application is in its growth stage; however, it contains a great potential across many industry verticals. The HUD is gaining attention due its capability to display information on the transparent windscreen, thus, helping users to access key information easily, without looking away from the front screen. The highlighting features like car speed information, engine status, navigational assistance, lane assistance, warning messages, and many more - have made HUD the best suited device in aviation and automotive industry.
The overall Head-Up Display 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.
The main drivers for the HUD market include concentrated focus on active safety systems, growth in the high-end and luxury car segment, and growth witnessed in the Pico projector market. Various innovations are taking place to develop the HUD market, which include multicolor displays, night vision mode, gesture control, voice recognition, and many more adding up to the list.
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Head-Up Display Market combined with an in-depth analysis of various market dynamics such as the drivers, restraints, and opportunities. Along with the market dynamics, the report also gives an insight on the various market parameters such as market share analysis, value chain analysis, and the recent market activities of the leading players. Market activities also include mergers & acquisition, new product developments, collaboration, joint ventures, and partnerships by the players in the market.
Geographical split for the HUD market is included in the report. It presents the HUD market share of the different geographies. This report divides the overall market on the basis of the four major geographical segments- North America, Europe, APAC, and Rest of the world (ROW). Europe is the market leader in the overall HUD market.
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