Market Leadership - Head-up Display Market
Head-up display market size is valued at USD 2.4 billion in 2022 and is anticipated to USD 6.4 billion by 2027; growing at a CAGR of 21.3% from 2022 to 2027. Factors such as increased awareness about vehicle and passenger safety and growing demand for improvement of in-vehicle experience are driving the growth of the market during the forecast period.
Nippon Seiki holds a strong product portfolio in the head-up display market. The company estimates that its order intake will be twice the existing capacity by 2030 as the company is focusing on increasing its production capacity by constructing a new facility. The company has an R&D center in Japan and 28 manufacturing plants spread across the globe. It has a strong foothold in 12 countries in Asia, the Americas, and Europe and subsidiaries in China, Japan, the US, and Brazil. The company also focuses on environmental aspects by working on reducing power consumption
Continental is among the key players in the head-up display market. With its constant innovations, quality products, and excellent customer service, the company is one of the leading HUD providers across the globe. The company gives importance to technological equilibrium with the combination of established solutions and pioneering technologies. It is focusing on the interior business, which includes HUDs, and is increasing the capacity of the division.
Bosch has been working closely on environmental techniques. Bosch, with its more than 400 locations, has been carbon neutral since February 2020. The company has achieved this goal way ahead of schedule and has also made significant investments for combating climate change. Bosch has been increasing its R&D workforce year on year. For example, 72,000 R&D associates worked across the globe in 126 locations in 2019; in 2020, this number increased to 73,000 in 129 locations.
Related Reports:
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
See Also:
Head Mounted Display (HMD) Companies
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