Head Up Display Market Projected to Reach US$ 4.71 Billion by 2023

Top players Head-Up Display Market are Nippon Seiki (Japan), Continental (Germany), DENSO (Japan), BAE Systems (UK), Visteon (US), Pioneer Corporation (Japan), MicroVision (US), Thales (France), Garmin (Switzerland), and Panasonic (Japan).

July 20, 2018 /MarketersMedia/

Head-Up Display Market by Component (Video Generator, Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD, AR-Based HUD), Application (Aviation, Automotive), and Geography - Global Forecast to 2023 research report on ReportsnReports.com. The Head Up Display Market is expected to reach USD 4.71 billion by 2023 from USD 1.27 billion in 2018,at a CAGR of 29.91% between 2018 and 2023.

Head-Up Display Market Main companies are Nippon Seiki (Japan), Continental (Germany), DENSO (Japan), BAE Systems (UK), Visteon (US), Pioneer Corporation (Japan), MicroVision (US), Thales (France), Garmin (Switzerland), and Panasonic (Japan).

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Target Audience:
• Original device manufacturers (ODMs)
• System integrators
• Head-up display original equipment manufacturers (OEMs)
• Raw material suppliers
• Assembly and packaging vendors
• Technical universities
• Government research agencies and private research organizations
• Research institutes and organizations
• Market research and consulting firms

“Conventional HUD held the largest share of the head-up display market in 2017”
Conventional HUD held the largest 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 industry and is currently being considered among the prominent driver assistance systems. Increasing adoption of the technology by OEMs, reducing installation prices of HUD systems, and increasing importance given to vehicle and passenger safety systems are the factors responsible for the growth of this market.

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“North America is expected to hold the largest share of the market during the forecast period”
North America held the largest share of the head-up display market in 2017,in terms of revenue, and the similar trend is expected to continue during the forecast period. Drivers responsible for the growth of the HUD market in North America are increase in awareness about active safety systems in automobile and aircraft manufacturing business; large customer base and high disposable income of people propel the demand for premium and luxury cars equipped with HUDs, which act as value-added features for these cars.

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“APAC is expected to be the fastest-growing market for data center switches during the forecast period”
The increasing government initiatives and investments from technologically developing countries in APAC, including India, Japan, China, Singapore, and Australia, are driving the establishment of data centers in the region. Also, the increasing number of small- and medium-scale enterprises and the adoption of digital technologies in them further drive the demand for data centers. Moreover, the increasing internet users in the region creates a massive amount of data that drives the demand for cloud-based services. All these parameters bring in the need for high performing switching solutions across the network infrastructure in data centers.

Breakdown of the profile of primary participants:
• By Company: Tier 1 = 45 %, Tier 2 =25%, and Tier 3 =30%
• By Designation: C-level Executives = 25%, Directors =40%, and Others =35%
• By Region: North America = 42%, Europe = 17%, APAC = 33%, and RoW = 8%

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Source: MarketersMedia

Release ID: 381375

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