Head-Up Display Market

Head-Up Display Market by Type (Conventional Head-Up Displays, AR-Based Head-Up Displays), Component (Video Generators, Projectors/ Projection Units, Display Units), Technology (CRT-based HUD, Digital HUD), Application & Region- Global Forecast to 2028

Report Code: SE 2330 Nov, 2023, by marketsandmarkets.com

[200 Pages Report] The head-up display market is expected to reach USD 3.3 billion by 2028 from 1.5 billion in 2023, at a CAGR of 16.7% during the 2023- 2028 period. Head-Up Display is a technology that projects information, data, or graphics onto a transparent surface, typically a vehicle's windshield, allowing users to access important information without looking away from their primary line of sight. Head-up display is commonly used in the automotive and aviation industries to provide drivers and pilots with real-time data such as speed, navigation directions, and other relevant information.

Head-Up Display Market

Head-Up Display Market

Head-Up Display Market Forecast to 2028

To know about the assumptions considered for the study, Request for Free Sample Report

Head-up display Market Dynamics

Driver: Enhanced Convenience and Comfort through the Integration of Satellite Navigation Technology with Head-Up Displays

The integration of satellite navigation technology with head-up displays is propelling the expansion of the automotive head-up display market. This integration enables the projection of navigation information directly onto vehicle windshields, allowing drivers to stay focused on the road while easily following navigation instructions displayed in their line of sight. Furthermore, this combination incorporates gesture control and voice recognition systems, enabling drivers to access functions like Google Maps, receive calls, and perform various tasks. Drivers can also monitor their vehicle's speed, tire pressure, and fuel level through these displays. These head-up displays equipped with satellite navigation technology offer adjustable brightness levels for both daytime and nighttime driving, as well as the ability to display images in multiple colors.

The convergence of satellite navigation technology and head-up displays has led to the development of wireless remote-control systems integrated into vehicle steering wheels. This innovation enables drivers to make adjustments to display brightness, infotainment system volume, configure navigation settings, and answer phone calls while keeping their focus on the road. Consequently, these automotive head-up displays are meticulously designed to cater to driver requirements by offering virtual image distances, minimizing visual clutter and distraction, and ensuring the necessary luminance contrast and ease of use for safe driving.

To deliver high-contrast projected images on transparent display panels, ultra-high-brightness light-emitting diodes are employed in this setup. The combination of satellite navigation technology and head-up displays incorporates an intelligent optical sensor mechanism that automatically adjusts the brightness of the displayed images. This mechanism enhances driver comfort during both daytime and nighttime driving. Previously, head-up displays struggled to meet maximum luminance contrast requirements for clear image viewing under bright daylight conditions. However, the inclusion of an intelligent optical sensor mechanism successfully addresses this challenge, ensuring optimal visibility regardless of external lighting conditions.

Restraint:The demanding need for high luminance, power, and brightness in head-up displays

The existing head-up displays available in the market face significant limitations, primarily related to their insufficient brightness, resolution, luminance, and power efficiency. Advanced head-up displays demand a high level of brightness to effectively project high-resolution, colored images. They also require a wide field of view and elevated luminance levels to ensure clear visibility of the images projected onto windshields. A major drawback of these displays is their high-power consumption, particularly because they project images over large windshield areas.

The brightness levels required for head-up displays surpass those needed for indoor displays, as head-up displays must contend with potentially bright outdoor conditions, especially when exposed to sunlight. During daytime operation, head-up displays may require luminance levels ranging from 15,000 to 30,000 units, contributing to their elevated power consumption.

While the energy received during daytime operation enables drivers to view images with appropriate brightness, the internal imagers within these displays can be susceptible to damage when exposed to direct sunlight. This susceptibility to heat-related damage results in increased operational and maintenance costs for head-up displays.

Opportunity:Utilizing head-up displays (HUDs) in sports for enhanced performance

The integration of head-up displays (HUDs) in sports has emerged as a promising opportunity to enhance athlete performance and training. Originally designed for aviation and automotive applications, these displays now offer athletes real-time data and information without distracting them from their sport. HUDs can provide critical performance metrics, such as speed, heart rate, and power output, allowing athletes to monitor and optimize their performance during training or competition. In sports involving navigation, like hiking or orienteering, HUDs can display maps and route directions, aiding athletes in staying on course. Additionally, biometric data, including heart rate and oxygen saturation, can be seamlessly integrated into HUDs, enabling athletes to monitor their physiological condition. For instance, in February 2022, ActiveLook, the smart glass-integrated head-up display technology, and Suunto, the Finnish sports watch manufacturer, announced their exclusive partnership which enabled the display of sports data collected by Suunto devices on the superlight ActiveLook AR eyewear, enhancing the performance capabilities of athletes and outdoor adventurers alike.

Furthermore, HUDs can offer video feedback, allowing athletes to see their form and technique in real time, making it a valuable tool for skill refinement in sports like golf or archery. Communication between coaches and athletes can also be facilitated through HUDs, enabling coaches to provide instructions and tactics directly to the athlete's display. For outdoor sports, environmental data like weather conditions and wind speed can be displayed, aiding athletes in making informed decisions.

Challenge: Challenge:Regulatory challenges

Head-up displays are subject to various regulations and standards, which can pose challenges for manufacturers looking to introduce innovative features and technologies. Ensuring compliance with safety standards and regulations across different regions and markets can be a complex process, requiring thorough testing and validation.

Regulations related to HUD brightness, distraction levels, and content presentation can vary, making it challenging for manufacturers to develop HUD systems that meet all requirements. Navigating these regulatory challenges while offering innovative features and maintaining a consistent user experience is a significant restraint in the head-up display market. Manufacturers must strike a balance between pushing technological boundaries and adhering to established safety standards.

Head-Up Display Market Ecosystem

The prominent players in the head-up display companis are Continental AG (Germany), DENSO CORPORATION (Japan), Robert Bosch GmbH (Germany), Visteon Corporation (US), and BAE Systems (UK). These companies not only boast a comprehensive product portfolio of head-up display but also have a strong geographic footprint.

Head-Up Display Market by Ecosystem

AR- based head-up display is expected to grow at the highest CAGR during the forecast period.

Luxury and premium range cars are anticipated to come equipped with augmented reality-based head-up displays. The demand from consumers for increased safety features along with ongoing technical improvements is anticipated to fuel the expansion of the AR-based head-up display market. Driving while watching various in-car displays might lead to accidents. By minimizing distractions and improving driving safety, augmented reality-based head-up displays let drivers drive with less cognitive strain. On windshields in the line of sight of drivers, necessary information and assistance can be seen, together with real-time traffic conditions. In order to improve the driving experience, AR-based head-up displays point out adjacent streets and indicate obstacles on projected images.

Due to the increasing pace of adoption of modern in-vehicle safety technology in developed and emerging nations alike—including the US, Germany, the UK, China, and Japan—demand for these cutting-edge technologies is predicted to rise over the projected duration.

AR-based head-up displays are now in the early stages of development and have the potential to completely transform the global automotive industry. Nippon Seiki introduced its AR-HUD in February 2021, utilizing the Digital Micro Mirror Device (DMD) technology to provide very accurate and precise real-time data. With their aspirations to build AR-based head-up displays, companies including Continental (Germany), WayRay (Switzerland), and Visteon (US) have already entered the market. Rumor has it that BMW plans to include augmented reality-based head-up displays in its next generation of luxury vehicles. There are still certain BMW 7 series models with conventional head-up displays. BMW has released an augmented reality app that gives users a visual tour of its vehicles.

Audi has also hinted that its high-end car models will come equipped with augmented reality head-up displays. Volkswagen has announced that its soon-to-be-released electric car models will feature augmented reality (AR) head-up displays. Panasonic launched AR-HUD in January 2021 and combined it with Al technology from SPYDR cockpit domain controller to render near-field and far-field content for vehicle information and object & pedestrian detection. Panasonic did this by utilizing the most recent advancements in optics, image technology, and volume optimization. The first augmented reality device to incorporate a newly patented eye-tracking system, called ETS, to improve the AR experience was Panasonic's AR-HUD 2.0, which was released in January 2022. Al-powered navigation software with 3D AR overlays, icons, and mappings is also included in this HUD.

Commercial Vehicle in the head-up display market are expected to grow at the highest CAGR during the forecast period.

The uptake of advanced technologies in commercial vehicles has been relatively slow, primarily due to concerns about the overall cost of these vehicles. However, there is a noticeable shift driven by evolving regulations and mandates related to vehicle safety, compelling the adoption of advanced safety features in commercial vehicles. One of the significant challenges in developing head-up displays for commercial vehicles lies in meeting distinct resistance and durability requirements. Unlike passenger cars, commercial vehicles typically have flat windshields that lack the necessary curvature for optimal head-up display performance. Additionally, these vehicles are subjected to higher levels of vibration and temperature variations. Continental, a German company, has emerged as a pioneer in developing head-up displays for commercial vehicles and has already implemented these displays in its Innovation Truck.

Projectors/projection units is expected to have the highest market share of head-up display market in the forecast period from 2023-2028.

In early head-up displays, refraction was used for projecting images on projectors, while in modern head-up displays, the principle of reflection is used to project images. Projectors/projection units use cathode-ray tubes, light-emitting diodes, or liquid crystal displays to project images. They can be adjusted either below or above combiners. Projectors/projection units create images through laser beams. Convex lenses or concave mirrors 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.

LCD-based HUDs exhibit limitations concerning their field of view and resolution. Expanding the field of view necessitates larger LCD panels with higher resolutions to achieve satisfactory augmented reality visuals, leading to increased electrical power consumption for illuminating the enlarged screen.

In contrast, DLP-based HUDs offer superior resolution due to their incorporation of thousands of movable micro mirrors for each pixel. These micro mirrors modulate the light source, ensuring precise reflection onto the screen with the appropriate intensity. Notably, dark pixels refrain from reflecting light, effectively mitigating the postcard effect often associated with LCD HUDs.

In laser-scanned projectors, every pixel undergoes rapid pulsing to achieve full HD resolution. A MEMS scanning mirror accurately positions the light on the screen, and as the laser beam maintains constant focus, the image can be projected onto the windshield without the need for additional refocusing optics. This substantially simplifies the optical system, reduces overall complexity and size, and eliminates the requirement for costly components and assembly. Laser projection also offers significant electrical efficiency benefits by exclusively illuminating the content that requires projection on the screen. In contrast, LCD or DLP-based systems initially illuminate the entire projection area, even for dark or inactive pixels, resulting in less power consumption efficiency.

In cars, multicolor head-up displays are available that can display images with up to four colors. They display information within a 20-degree field of view, thereby minimizing distraction caused to drivers and ensuring safety. Mostly high version Pico projectors are used in head-up displays. There are various types of projector technologies available in the market. 3M (US), Optoma (US), Coretronic (Taiwan), Syndiant (US), and MicroVision (US) are among the leading players operating in the head-up display market that offer different projectors. Pico projectors are compact with a thickness of less than 10 mm. They are equipped with both digital and analog interfaces. Pico projectors offer a broad color gamut, infinite focus, and wide projection angles. The images projected by Pico projectors are brighter than traditional head-up displays with significant contrast.

Germany is expected to have the highest market share in Europe of head-up display market in the forecast period from 2023-2028

Germany stands at the forefront of global technological innovation, boasting a robust automotive industry present in Europe. This industry is anticipated to sustain steady growth due to ongoing technological advancements. Key German automobile manufacturers, including Volkswagen, BMW, Audi, and Daimler, are contributing to an increased demand for head-up displays. As a result, Germany is poised to dominate the European head-up display market throughout the forecast period.

This market's expansion is primarily driven by the surging demand for advanced in-vehicle electronics within the automotive sector. The presence of influential automotive firms like Continental AG in Germany further bolsters the nation's first-mover advantage in advanced automotive technologies and systems. Moreover, the adoption of augmented reality- based head-up displays in commercial vehicles is expected to outpace other developed countries, while German companies employ strategic initiatives such as contracts, partnerships, and expansions to fortify their positions in the head-up display market.

Germany's thriving economic growth has resulted in an upswing in the production and sales of luxury vehicles, significantly contributing to the country's head-up display market growth. Leading German-based original equipment manufacturers (OEMs) such as Volkswagen and Daimler AG have integrated advanced features into their vehicles to enhance the overall driving experience.

In May 2020, Pioneer Corporation and Continental AG (Germany) agreed upon a strategic partnership to develop innovative cockpit solutions for the Asian market. Continental AG would integrate Pioneer’s entire infotainment subdomain into its high-performance computer for vehicle cockpits as part of the agreement. Continental has great expertise for instrument clusters and vehicle safety systems, which complements Pioneer’s car entertainment expertise of more than 40 years (in both OEM and aftermarket).

Canada is expected to be the fastest-growing market in the North America region for the head-up display market.

Key drivers of the North American head-up display market include the United States, Canada, and Mexico. In recent years, significant technological advancements have characterized the regional market, particularly in the automotive sector, focusing on vehicle technologies. The growth of head-up displays in North America is propelled by factors such as increased awareness of active safety systems integrated into automobile and aircraft manufacturing, as well as a rising demand for premium and luxury cars equipped with head-up displays.

Leading players in the North American head-up display market, including Visteon Corporation and MicroVision, are based in the US. Pioneer Corporation, a major electronic product manufacturer for automobiles, including head-up displays, operates within the US. The US market, known for high-end vehicle consumption across luxury, sports, and mid-segment cars, is expected to witness the introduction of technologically advanced head-up displays by prominent automotive companies like General Motors, Chevrolet, and Ford Motor Company, all headquartered in the US.

Furthermore, the integration of augmented reality technology into head-up displays is set to gain traction, further driving demand for these systems in North America in the foreseeable future.

Head-Up Display Market by Region

Head-Up Display Market by Region

To know about the assumptions considered for the study, download the pdf brochure

Key Market Players

The major players in the head-up display market with a significant global presence include Nippon Seiki Co., Ltd. (Japan), Continental AG (Germany), DENSO CORPORATION (Japan), Robert Bosch GmbH (Germany), Visteon Corporation (US), BAE Systems (UK), YAZAKI Corporation (Japan), Pioneer Corporation (Japan), Panasonic Holdings Corporation (Japan), Garmin Ltd. (US), Thales (France), E-LEAD ELECTRONIC CO. LTD (Taiwan), Honeywell International Inc. (US), MicroVision (US), Collins Aerospace (US), Renesas Electronics Corporation (Japan), STMicroelectronics (Switzerland), ALPS ALPINE CO., LTD. (Japan), Elbit Systems Ltd. (Israel), Saab AB (Sweden), Vuzix (US), Foryou Corporation (US), HARMAN International (US), HUDWAY, LLC (US), WayRay AG (Switzerland), Envisics (UK), Texas Instruments Incorporated (US).

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion), Volume (Million Units)

Segments Covered

By Type, By Componenet, By Technology, By Application, and By Region

Geographies covered

North America, Europe, Asia Pacific, and RoW

Companies covered

The major players in the head-up display market are Nippon Seiki Co., Ltd. (Japan), Continental AG (Germany), DENSO CORPORATION (Japan), Robert Bosch GmbH (Germany), Visteon Corporation (US), BAE Systems (UK), YAZAKI Corporation (Japan), Pioneer Corporation (Japan), Panasonic Holdings Corporation (Japan), Garmin Ltd. (US), Thales (France), E-LEAD ELECTRONIC CO. LTD (Taiwan), Honeywell International Inc. (US), MicroVision (US), Collins Aerospace (US), Renesas Electronics Corporation (Japan), STMicroelectronics  (Switzerland), ALPS ALPINE CO., LTD. (Japan), Elbit Systems Ltd. (Israel), Saab AB (Sweden), Vuzix (US),  Foryou Corporation (US), HARMAN International (US), HUDWAY, LLC (US), WayRay AG (Switzerland), Envisics (UK), Texas Instruments Incorporated (US).

Head-Up Display Market Highlights

The study segments the head- up display market based on by type, component, technology, application, and region

Segment

Subsegment

By Type

  • Conventional Head-Up Displays
    • Windshield-based HUD
    • Combiner-based HUD
  • AR-Based Head-Up Displays

By Component

  • Video Generators
  • Projectors/ Projection Units
  • Display Units
  • Software
  • Other Components

By Technology

  • CRT-based HUD
  • Digital HUD

By Application

  • Aviation
    • Civil Aviation
    • Military Aviation
  • Automotive
    • Passenger Cars
    • Commercial Vehicles

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In December 2022, Continental AG has introduced HUD Cockpit the inaugural Scenic View Head-up Display (HUD), which presents vehicle and route information in the driver's line of sight on screens, ensuring clear visibility.
  • In May 2022, BAE Systems have launched LiteWave is a laptop sized head-up display, mounted above the pilot’s head which presents critical information, such as direction, altitude, and speed, directly in their line of sight. LiteWave can be easily adjusted to suit any individual flying position and allows the pilot to maintain excellent situational awareness, even during poor weather or at night.
  • In May 2022, Nippon Seiki Co., Ltd has launched mass production on 15th April 2022 at the new company / new factory “NIPPON SEIKI POLAND Sp. Z o.o. (hereinafter NSPL), which was established and constructed in Lodz, the Republic of Poland. The first product is head-up displays for BMW Group.
  • In January 2022, Visteon Corporation delivers a high-quality intelligent cockpit experience for conventional and electric vehicles. This includes artificial intelligence-based speech recognition and camera domain integration. The SmartCore offers the instrument cluster, a head-up display (HUD), and Visteon's infotainment platform into a single domain controller.
  • In January 2022, Visteon Corporation develops a smart and connected cockpit, this app store is designed with features like mobility, parking, navigation, and infotainment apps that can be used around the world.
  • In January 2022, Visteon Corporation and Steradian Semiconductors signed a joint development agreement to enhance ADAS (advanced driver-assistance systems) for the global automotive market. As a part of the agreement, Visteon will provide advanced 4D image sensor hardware and perception software technology.
  • In January 2022, Panasonic Holdings Corporation unveiled the AR-HUD 2.0, the first product to include a new patented eye-tracking system ETS, enhancing the AR experience. This HUD also includes AI-powered navigation software with 3D AR overlays, icons, and mappings.
  • In January 2022, Panasonic Holdings Corporation and Nissan Motor Corporation have collaborated for the installation of WS HUD in Ariya from Nissan. The large-screen WS HUD (Wind Shield Head-Up Display) developed by Panasonic Holdings Corporation is installed in the new model crossover EV, the Ariya form Nissan Motors Corporation. This is the 6th car model from Nissan to use the WS HUD of Panasonic, following the Skyline, Rogue, Qashqai, Pathfinder, and QX60.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 Introduction 
    1.1. Study Objectives 
    1.2. Definition 
    1.3. Study Scope 
           1.3.1. Markets Covered
           1.3.2. Geographic Analysis
    1.4. Years Considered  
    1.5. Packaging Size 
    1.6. Currency 
    1.7. Limitations  
    1.8. Stakeholders 
    1.9. Summary Of Changes 
           1.9.1. Recession Impact
 
2 Research Methodology 
    2.1. Research Data 
    2.2. Secondary Data 
           2.2.1. Major Secondary Sources
           2.2.2. Key Data from Secondary Sources
    2.3. Primary Data 
                    2.3.1.1. Key Data from Primary Sources
                    2.3.1.2. Key participants in primary processes across value chain
                    2.3.1.3. Breakdown Of Primary Interviews
                    2.3.1.4. Key Industry Insights
    2.4. Market Size Estimation 
    2.5. Market Breakdown and Data Triangulation 
    2.6. Risk Analysis 
    2.7. Recession Impact 
    2.8. Research Assumptions and Limitations 
 
3 Executive Summary 
 
4 Premium Insights 
 
5 Market Overview  
    5.1. Introduction 
    5.2. Market Dynamics 
           5.2.1. Drivers
           5.2.2. Restraints
           5.2.3. Opportunities
           5.2.4. Challenges
    5.3. Value Chain Analysis 
    5.4. Revenue Shift and New Revenue Pockets for HUD market Players 
    5.5. Ecosystem/Market Map 
    5.6. Technology Analysis 
    5.7. Pricing Analysis 
           5.7.1. Average Selling Price Trend of Key Players, By Type
           5.7.2. Average Selling Price Trend, By Region
    5.8. Case Study Analysis 
    5.9. Patent Analysis 
    5.10. Trade Analysis 
    5.11. Porter’s Five Forces Analysis 
    5.12. Regulatory Landscape 
           5.12.1. Regional Regulatory Bodies, Government Agencies & Other Organizations
    5.13. Key Conferences and Events, 2023-2024 
    5.14. Key Stakeholders in Buying Process & Buying Criteria 
 
6 HUD Market, by Type 
    6.1. Introduction 
    6.2. Conventional Head-Up Displays 
           6.2.1. Windshield-based HUD
           6.2.2. Combiner-based HUD
    6.3. AR-Based Head-Up Displays 
 
7 HUD Market, by Component 
    7.1. Introduction 
    7.2. Video Generators 
    7.3. Projectors/ Projection Units 
    7.4. Display Units 
    7.5. Software 
    7.6. Other Components 
 
8 HUD Market, by Technology (Qualitative) 
    8.1. Introduction 
    8.2. CRT-based HUD 
    8.3. Digital HUD 
 
9 HUD Market, by Application 
    9.1. Introduction 
    9.2. Aviation 
           9.2.1. Civil Aviation
           9.2.2. Military Aviation
    9.3. Automotive 
           9.3.1. Passenger Cars
           9.3.2. Commercial Vehicles 
 
10 HUD Market, by Region 
     10.1. Introduction 
     10.2. North America 
             10.2.1. Recession Impact
             10.2.2. US
             10.2.3. Canada 
             10.2.4. Mexico
     10.3. Europe 
             10.3.1. Recession Impact
             10.3.2. Germany
             10.3.3. UK
             10.3.4. France
             10.3.5. Rest Of Europe
     10.4. Asia Pacific (APAC) 
             10.4.1. Recession Impact
             10.4.2. China
             10.4.3. Japan
             10.4.4. South Korea
             10.4.5. Australia
             10.4.6. Rest Of Asia Pacific
     10.5. Rest of the World 
             10.5.1. Recession Impact
             10.5.2. South America
             10.5.3. Middle East & Africa
 
11 Competitive Landscape 
     11.1. Overview 
     11.2. 5-Year Revenue Analysis- Top 5 Companies 
     11.3. Market Share Analysis: Head-Up Display Market (Top 5) 
     11.4. Company Evaluation Matrix, 2022 
             11.4.1. Stars
             11.4.2. Emerging Leaders
             11.4.3. Pervasive Players
             11.4.4. Participants
             11.4.5. Company Footprint  
     11.5. Startup/SME Evaluation Matrix, 2022 
             11.5.1. Progressive Companies
             11.5.2. Responsive Companies
             11.5.3. Dynamic Companies
             11.5.4. Starting Blocks
             11.5.5. Competitive Benchmarking  
     11.6. Competitive Situations and Trends 
 
12 Company Profiles  
     12.1. Introduction  
     12.2. Key Players 
             12.2.1. Nippon Seiki Co., Ltd.
                        12.2.1.1. Business Overview
                        12.2.1.2. Products Offered
                        12.2.1.3. Recent Developments 
                        12.2.1.4. MNM View
                               12.2.1.4.1. Key Strengths/Right to Win
                               12.2.1.4.2. Strategic Choices Made
                               12.2.1.4.3. Weaknesses And Competitive Threats
Note: Similar Information Would Be Provided for Top 5 (Key Players)  
             12.2.2. Continental AG
             12.2.3. DENSO CORPORATION
             12.2.4. Robert Bosch GmbH
             12.2.5. Visteon Corporation
             12.2.6. BAE Systems
             12.2.7. YAZAKI Corporation
             12.2.8. Pioneer Corporation
             12.2.9. Panasonic Holdings Corporation
             12.2.10. Thales
     12.3. Other Players 
             12.3.1. Garmin Ltd.
             12.3.2. E-LEAD ELECTRONIC CO. LTD
             12.3.3. Honeywell International Inc.
             12.3.4. MicroVision
             12.3.5. Collins Aerospace
             12.3.6. Renesas Electronics Corporation
             12.3.7. STMicroelectronics
             12.3.8. ALPS ALPINE CO., LTD.
             12.3.9. Elbit Systems Ltd.
             12.3.10. Saab AB
             12.3.11. Vuzix
             12.3.12. Foryou Corporation
             12.3.13. HARMAN International.
             12.3.14. HUDWAY, LLC
             12.3.15. WayRay AG
             12.3.16. Envisics
             12.3.17. Texas Instruments Incorporated.
Note: The above list of companies is tentative and might change during due course of research  
 
13 Appendix  
              
 

The research report includes four major activities, estimating the size of the head-up display market. Secondary research has been done to gather important information about the market and peer markets. To validate the findings, assumptions, and sizing with the primary research with industry experts across the value chain is the next step. Both bottom-up and top-down approaches have been used to estimate the market size. After this, the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments

Secondary Research

Revenues of companies offering head-up display across the world have been obtained based on the secondary data made available through paid and unpaid sources. They have also been derived by analyzing the product portfolios of key companies and rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the head-up display market. Secondary sources considered for this research study include government sources, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations. Secondary data has been collected and analyzed to determine the overall market size, further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of the head-up display industry to identify the key players based on their products and the prevailing industry trends in the head-up display market based on components, end users, and regions. It also includes information about the key developments undertaken from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources have been interviewed to obtain qualitative and quantitative information related to the market across four main regions— North America, Europe, Asia Pacific, and Row (Rest of the World). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and a few other related key executives from major companies and organizations operating in the head-up display market or related markets.

After the completion of market engineering, primary research has been conducted to gather information and verify and validate critical numbers obtained from other sources. Primary research has also been conducted to identify various market segments; industry trends; key players; competitive landscape; and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with the key strategies market players adopt. Most of the primary interviews have been conducted with the supply side of the market. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Head-Up Display Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both the top-down and bottom-up approaches have been used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed on the market engineering process to list key information/insights.

Key market players have been identified through secondary research, and their market shares have been determined through primary and secondary research. This involves studying their annual and financial reports and interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights—both quantitative and qualitative.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that may affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed input and analysis from MarketsandMarkets and presented in the report.

Market Size Estimation Methodology-Bottom-up Approach

A bottom-up approach has been employed to arrive at the overall size of the head-up display market from the calculations based on the revenues of the key players and their shares in the market. Key players in the head-up display market have been studied. The market size estimations have been carried out considering the market size of their head-up display offerings.

Head-Up Display Market  Size, and Bottom-up Approach

Market Size Estimation Methodology-Top Down Approach

In the top-down approach, the overall market size has been used to estimate the size of individual markets through percentage splits from secondary and primary research.
The most appropriate parent market size has been used to implement the top-down approach for the calculation of specific market segments.

The revenue shares used earlier in the bottom-up approach were verified by identifying and estimating the market share for each company. The overall parent market size and individual market sizes have been determined and confirmed in this study through the data triangulation process and data validation through the primaries.

Head-Up Display Market  Size, and Top Down Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been then split into several segments and sub-segments. Data triangulation has been employed to complete the market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

Head-up displays are see-through (transparent) screens that provide car drivers and aircraft pilots with vital information such as their current speed, speed limits, the gap between vehicles, fuel levels, and navigation directions. These details are projected onto windshields or affixed reflector lenses. While originally designed for military aviation, these displays are now widely employed in commercial airplanes and various automobile types, including high-end luxury and sports cars. HUDs offer both safety and convenience by placing essential vehicle data and guidance directly within the driver's or pilot's line of sight.

This report provides insights into the market for head-up display type, component, technology application. The regional market is further segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Key Stakeholders

  • Key technology providers
  • Original device manufacturers (ODM)
  • System integrators
  • Software providers
  • Electronic hardware equipment manufacturers
  • End users
  • Technical universities
  • Government/private research institutes
  • Market research and consulting firms

The main objectives of this study are as follows:

  • To define, describe, segment, and forecast the head-up display market, in terms of value, based on component, type, application, and region
  • To forecast the head-up display market, in terms of volume, based on application
  • To forecast the size of the market and its segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their key countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide detailed information regarding the key factors influencing market growth, such as drivers, restraints, opportunities, and challenges
  • To provide a detailed analysis of the head-up display supply chain
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies2
  • To analyze key growth strategies such as expansions, contracts, joint ventures, acquisitions, product launches and developments, and research and development activities undertaken by players operating in the head-up display market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Country-wise Information for Asia Pacific
  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
SE 2330
Published ON
Nov, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Head-Up Display Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback