Head-up Display Market Revenue $6.4 billion by 2027

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MarketsandMarkets Presents

Head-up Display Market Revenue 6.4 billion by
2027 Head-up Display Market by Type
(Conventional Head-up Display and Augmented
Reality (AR) Based Head-up Display), Application,
Components (Video Generators, Projectors/Projectio
n Units, Display Units, Software) and Region -
Global Forecast to 2027 https//www.marketsandmar
kets.com/Market-Reports/head-up-display-hud-market
-684.html
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According to the new research report,
the "Head-up Display Market by Type (Conventional
Head-up Display and Augmented Reality (AR) Based
Head-up Display), Application, Components (Video
Generators, Projectors/Projection Units, Display
Units, Software) and Region - Global Forecast to
2027", published by MarketsandMarkets, the
market size is projected to grow from USD 2.4
billion in 2022  to USD 6.4 billion by 2027 it is
expected to grow at a CAGR of 21.3 from 2022 to
2027. The key factors contributing to the growth
of the head-up display market include increasing
awareness about passenger and vehicle safety,
growing adoption of AR based head-up display etc.
However, space constraint in automotive cockpits
and high luminace, brightenss and power
requirements is hindering the growth of head-up
display market. Impact of COVID-19 on supply
chain and the global chip shortage possesses
ahuge challenge to the industry. However, growing
demand for electric and semi-autonomous vehicles
is the biggest opportunity in the market space
with Europe having the highest market share
and North America the highest CAGR for the
forecast period. Browse 154 market data Tables
and 68 Figures spread through 221 Pages and
in-depth TOC on "Head-up Display Market - Global
Forecast to 2027"
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AR based HUD is likely to register high CAGR The
market for AR based HUD is growing at the highest
CAGR of 84.8 during the forecast period.
AR-based head-up displays are used to reduce the
cognitive workload on drivers while driving by
reducing distraction and making driving safe.
Required information and assistance can be viewed
by drivers, along with real-time traffic
conditions, on windshields in the line of sight
of drivers. AR-based head-up displays help in
navigation routing by pointing nearby streets and
highlighting obstacles on displayed images for an
enhanced driving experience. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id684 North America exhibit the
highest CAGR during the forecast period The
market based on geography has been segmented into
4 main regions North America, Europe, APAC, and
RoW. North America is projected to grow at the
highest CAGR of 26.5 during the forecast period.
The growth of the market in North America is
attributed to the increasing awareness among
manufacturers and users about the active safety
systems deployed in automobiles and aircraft. The
US is also one of the key consumers of high-end
cars, including sports, luxury cars. Leading car
companies such as Chevrolet (US), General Motors
(US), and Ford Motor Company (US) are
headquartered in the US and are expected to come
up with advanced technology-based head-up
displays in the market.
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Projectors/ Projection Units to hold the highest
market share by the end of 2027. Projectors/projec
tion units are expected to hold 37.8 of the
market share by 2027. Projectors/projection units
use light-emitting diodes, or liquid crystal
displays and cathode-ray tubes to project images.
They can be adjusted either below or above
combiners. Concave mirrors or convex lenses are
set up with cathode-ray tubes, light-emitting
diodes, or liquid crystal displays at the focus
of projectors/projection units in typical head-up
displays. This setup produces images on surfaces
through parallel light, with observers perceived
to be at infinity. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id684 Passenger cars segment
projected to dominate head-up display market for
automotive application The passenger cars segment
is estimated to account for a large share of the
head-up display market during the forecast
period. The adoption of advanced technologies
continues to be high in passenger cars owing to
their large-scale production and greater sales
than commercial vehicles. The passenger cars
segment of the head-up display market
in Europe and North America is driven by the
increasing adoption of head-up displays in new
vehicle models sold in these regions. OEMs are
placing extreme importance on ensuring that
drivers view images directly in their field of
view and the images are distortion-free. Tier 1
suppliers ensure that head-up displays are
manufactured with a precision of thousandths of a
millimeter.
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COVID-19 Impact on the Global head-up display
market There has been a severe impact of the
COVID-19 pandemic on the growth of the head-up
display market. The supply of components used for
the development of head-up displays has witnessed
some disruptions as most of the research and
development activities and new product launches
related to head-up displays are expected to be
postponed or dropped until the end of 2022. The
global semiconductor shortage is creating
significant challenges for the global automotive
industry. The production lines of many brands
have been severely hit, which in turn has pushed
the delivery timelines of vehicles. Almost every
major automotive company has recognized the
unprecedented challenge, which may pose a threat
for at least another year, and is reworking on
set plans. BMW in Germany, for instance, is
reportedly planning to drop head-up displays from
some of the additional package options it offers
on its products. According to a report in the
German auto website Bimmer Today, the head-up
display option may be done away with from a
package that also includes feature highlights
such as laser lights, selective beam, and driving
assistant. It is reported that while the entire
package costs EUR 3,650, the plan is to price it
at EUR 2,500 if HUDs are not included.
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