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Market Leader - Head-Up Display Market


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% during the forecast period. The factors such as increase in awareness about passenger and vehicle safety, convenience offered by the combination of satellite navigation technology and HUD system, increase in the demand for connected vehicles and technologically advanced HUDs drive the demand for head-up displays. The head-up display market in APAC is expected to grow at the highest CAGR during the forecast period owing to the extensive evolution of the automotive industry in countries such as Japan, China, and India.

Based on component, the head-up display market is segmented into video generators, projectors/projection units, display units, software, and others. Projectors/projection units held a larger share of the head-up display market in 2017. The projector is a major part of HUD as it projects the information on a transparent windshield.

Based on type, the head-up display market has been segmented into conventional HUD and AR-based HUD. AR-based HUDs are expected to be launched in luxury and premium range of vehicles once they become commercially available in 2018. Technological advancements, as well as increasing consumer demand for advanced safety functions, are expected to drive the AR-based HUD market. AR-based HUDs will grow at the highest CAGR during the forecast period and will witness a higher growth after 2020.

The head-up display market based on application has been segmented into aviation and automotive application. The market for the automotive application is likely to grow at the highest CAGR during the forecast period owing to the increase in adoption of advanced driving assistance systems by OEMs across various vehicle types and consumer demand for in-vehicle safety features that potentially reduce collisions and injuries caused by human-driver errors.

The head-up display market has been broadly classified into 4 regions-North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. Rapidly growing demand for the mid-segment cars equipped with head-up display systems and increasing per capita income of China, Australia, South Korea, and Japan is expected to drive the head- up display market in this region. 

Related Reports:

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

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