Head-up Display Market worth $4.6 billion by 2025

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MarketsandMarkets Presents

Head-up Display Market worth 4.6 billion by
2025 Head-up Display Market with COVID-19 Impact
Analysis by Component (Video Generator,
Projector/Projection Unit, Display Unit,
Software), Type (Conventional HUD, AR-Based HUD),
Application (Aviation, Automotive), and Geography
- Global Forecast to 2025 https//www.marketsandm
arkets.com/Market-Reports/head-up-display-hud-mark
et-684.html
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According to the new market research
report "Head-up Display Market with COVID-19
Impact Analysis by Component (Video Generator,
Projector/Projection Unit, Display Unit,
Software), Type (Conventional HUD, AR-Based HUD),
Application (Aviation, Automotive), and Geography
- Global Forecast to 2025", published by
MarketsandMarkets, the Head-up Display Market is
projected to grow from USD 1.3 billion in 2020
to USD 4.6 billion by 2025 it is expected to
grow at a CAGR of 28.5 from 2020 to 2025. The
increase in awareness about passenger and vehicle
safety, the convenience offered by a combination
of satellite navigation technology HUD system,
increasing demand for connected vehicles,
increasing demand for technologically advanced
HUDs, and growth of the augmented reality market
are the key factors driving the head-up display
market growth. Browse 128 market data Tables
and 64 Figures spread through 190 Pages and
in-depth TOC on "Head-up Display Market with
COVID-19 Impact Analysis - Global Forecast to
2025"
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Projector units to lead the head-up display
component market during the forecast period The
projector is a major part of HUD as it projects
the information on a transparent windshield. In
early HUDs, refraction was used for projecting
images in the projector, whereas in modern HUDs,
reflection is used to project the image.
Projection units use cathode ray tubes, LEDs, or
liquid crystal displays to project the image.
Projection units can be adjusted either below or
above combiners. Projector projects image through
the laser beam. Projector units are expected to
lead the overall head-up display market. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id684 Market for AR-based head-up
displays projected to grow at a higher CAGR
during the forecast period Technological
advancements, as well as increasing consumer
demand for advanced safety functions, are
expected to drive the AR-based HUD market.
Monitoring multiple in-vehicle displays while
driving can trigger mishaps on the road. To
reduce cognitive workload while driving, AR-based
HUD systems can reduce distraction and make
driving safer. Driver information, assistance,
and attention management can be viewed, along
with real-time traffic conditions, on the
windshield in the driver's line of sight.
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APAC to lead the head-up display market during
the forecast period APAC is expected to exhibit
strong growth in the next few years owing to the
significant contribution of Japan, China,
and South Korea in the growth of HUD market. The
strong growth of the automotive application
in China and Japan is projected to boost the
automotive market in the APAC region. Request
Free Sample Pages https//www.marketsandmarkets.c
om/requestsampleNew.asp?id684 Major vendors in
the head-up display market include Bosch
(Germany), Nippon Seiki Co., Ltd. (Japan),
Continental AG (Germany), Visteon Corporation
(US), Denso Corporation (Japan), Panasonic
Corporation (Japan), BAE Systems (UK), Pioneer
Corporation (Japan), Yazaki (Japan), and Garmin
(US).
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Impact of COVID-19 on current head-up display
market size and forecast The lockdown, which has
resulted in bringing the economic activity to a
standstill, has had a greater impact across the
world. A prolonged lockdown has led to the
temporary shutting down of factories, which has
hampered the production and shipments of goods.
In the display industry, some of the product
shipments were delayed by more than eight weeks.
However, utilization rates have dropped
significantly because of factory closures. Lower
capacity utilization is a short-term impact of
COVID-19. The normalcy is likely to rely on
directives by governments as the health of
citizens is of utmost importance. The
manufacturing of automotive is most important
application of HUD market. The manufacturing has
gone down by 20-50 across the world which would
have a direct impact on the HUD
market. Opportunity Increasing demand for
semi-autonomous and electric vehicles The demand
for semi-autonomous and electric vehicles has
increased significantly in the last few years.
The development of such vehicles accelerates the
growth of the HUD market. Semi-autonomous
vehicles can sense their environment and navigate
to the destination with the partial interference
of humans and can be operated through voice
commands. Semi-autonomous cars are primarily used
to provide enhanced safety and convenience to the
driver. These cars are equipped with advanced
functions such as park assist, forward collision
avoidance, and advanced cruise control.
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