Head-Up Display (HUD) Market Exhibiting a Growth Rate (CAGR) of 19.5% During 2023-2028

PRESS RELEASE

Published April 3, 2023

What is the Market Size of HUD?

IMARC Group’s latest research report, titled, “Head-Up Display (HUD) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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.

Head-Up Display Market Overview:

The head-up display (HUD) is a transparent panel that is generally equipped in vehicles that ensures vehicular safety by providing driver safety functions. It reflects information related to driver safety functions, interference-free multimedia, and real-time diagnostic and vehicle navigation functions, including battery temperature, engine heat, fuel capacity, and tire pressure indicators. It is a wireless touchscreen device that reflects data without the interference of humans that comprises a projector unit, a combiner, and a video generator that is placed directly in the line of sight of the driver and occupants in the vehicle. It is designed in different sizes and is widely utilized in the automotive, military, and civil aviation industries.

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What is the Future of Head-up Display?

The global market is majorly driven by the increasing production and sales of automobiles. Along with this, shifting consumer preferences towards premium and luxury cars equipped with advanced display systems and safety features, including HUD systems, is further propelling the market. Moreover, continuous technological advancements in HUD systems are impacting the market favorably. Furthermore, the introduction of HUDs in mid-range models and the rising awareness of safety functions are creating a positive market outlook. Due to the higher penetration rate of head-up displays in the aerospace and defense sectors, this is supporting its demand on a global level. Other factors, including rapid urbanization, and increasing number of road accidents, are also influencing the market.

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Key Market Segmentation:

Top 10 Head-Up Display Companies :

BAE Systems
Continental
Denso
Garmin
Microvison
Nippon Seiki
Panasonic Automotive Systems
Robert Bosch
Thales Group
Visteon

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:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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