Head-Up Display (HUD) Market by Components expected to worth $8.3 Billion by 2020

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.

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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.

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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 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.

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Most of the defense, aviation, and automotive suppliers have entered into the head-up displays manufacturing business, and are contributing extensively to the R&D activities related to the head-up displays. Due to the potential perspective growth of the HUD market, all the major industry players are putting in efforts for adding new features to the HUDs and to make them more technologically upgraded in terms of information display. The prices of HUDs are projected toreduce with its (HUD’s) commercialization in both, the automotive and aviation sector.

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