HUD Market, by Type (Conventional HUD, AR-Based HUD, Wind-shield-based HUD), Component (Projector/Projection Unit, Video Generator, Display Unit, Software, and others), Application (Aviation, Automotive), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2030

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

The Global HUD Market is valued USD 1.76 Billion in 2021, and it is projected value USD XX Million in 2030 exhibiting a CAGR of 30.23% during the forecast period. The opaque display that provides data without the need for viewers to look away from their typical perspectives is referred to as a head-up display, or HUD. The term comes from a pilot's ability to observe information with his head "up" and facing forward, rather than tilted down and gazing at lower instruments. HUD is utilized in commercial planes, vehicles, and other (mainly professional) applications, despite its  origins in military aviation.

The growing preference for additional features in passenger automobiles, as well as safety systems that provide ease and convenience, leisure, and entertainment, is driving demand for connected vehicles. The demand for in-vehicle linked services has risen as the amount of time spent inside a car has increased due to traffic congestion. HUDs are a necessary component of connected cars. Connected vehicles deliver visual and audio enjoyment through multimedia devices, as well as convenience and safety features like navigation, real-time traffic, including parking space notifications, which improves the experience of driving.

In recent years, there has been a substantial growth in demand for semi-autonomous and electric automobiles. Thus, the semi-autonomous and electric automobiles is generating ample opportunities for the global HUD market.

Impact of COVID-19 on Global HUD Market

The economic activity declined due to lockdowns, which had an impact on the market. Due to the extended lockdown, industries have been forced to temporarily close, causing production and shipping of commodities to be hindered. COVID-19 has a narrow effect of lower capacity utilization. As health of residents is of great importance, normality is likely to depend on the government guidelines. The car manufacturing industry is the most important application of the HUD market. Manufacturing has decreased globally, which will have a direct influence on the HUD market.

TABLE 1: GLOBAL HUD MARKET OVERALL SNAPSHOT

TABLE 1: GLOBAL HUD MARKET OVERALL SNAPSHOT

Market Segmentation

The global HUD market report has been segmented by component, type, application and region.

FIGURE 2 GLOBAL HUD MARKET

FIGURE 2 GLOBAL HUD MARKET

Global HUD Market, By Component

The component segmented is divided into various segments, which include into software, video generator, display unit, projector/projection unit, and others. Among these segments, display unit captures the largest market share in global HUD market in 2021 and is anticipated to remain largest till the forecast period. The display unit processes a picture for display on the vehicle's windshield or on the combiner. Digital Micromirror Device (DMD), Liquid Crystal Display (LCD), and Liquid Crystal on Silicon (LCoS) technologies are some of the most common display panel technologies utilised in HUD, which are driving the global HUD market from past decade.  Moreover, Nematics LCoS (NLCoS) and Ferroelectric LCoS are two subsets of the LCoS. (FLCoS) and during the forecast period, the market for display units is expected to develop at the fastest rate.

Global HUD Market, By Type

Based on type, the market includes AR-based HUD, conventional HUD, Windshield-based HUD. Among these segments, Windshield-based HUD captures the largest market share in global HUD market in 2021 and is anticipated to remain largest till the forecast period. The HUD that is displayed onto the windshield is a more advanced technology. A growing number of consumers are opting for safety features, hence, the demand for windshield HUD will surge. The need for superior in-vehicle technology in advanced nations such as Germany and the U.K. is driving the growth of the windshield HUD market in Europe.

Global HUD Market, By Application

The application segment of the market is segmented into two categories, which include aviation and automotive. Among these segments, aviation captures the largest market share in global HUD market in 2021 and is anticipated to remain largest till the forecast period. HUD technology is a key value-added technology in the aviation business, where it is utilized as a major information displayer for the pilots. For several years, HUD has already been available in all big aircraft, both military/defense aviation and general aviation, which is the main factor driving in the growth of the aviation segment in HUD market. Furthermore, the majority of commercial aircraft now use HUD technology.

Global HUD Market, By Region

North America captured the largest market share in global HUD market in 2021 and is anticipated to remain largest till the forecast period. North America HUD market is divided into U.S., Canada, and Mexico. Over the last few years, the HUD market in North America has advanced significantly. Increased awareness of safety technologies in the automotive and aviation manufacturing industries, as well as a wide customer base and are driving demand for high - end luxury vehicles equipped with HUDs. Because of the existence of a number of display panel producers in the North America, the latest technologies are being adopted at a fastest rate. Hence, the market for head-up displays in North America is anticipated to grow rapidly.

TABLE 2:  Global HUD Market Overview

TABLE 2:  Global HUD Market Overview

TABLE 2:  Global HUD Market Overview

 FIGURE 3: Global HUD Market (USD MILLION), 2021–2030

Recent Developments in Global HUD Market

  • October 2019 - Nippon extended its research facility for its HUD business in Tokyo, Japan. Tasks including integrated cockpit development, next-generation HUD development, as well as design and development enhancement would be handled by the upcoming Tokyo R&D center.
  • October 2018- Continental unveiled demonstration of an automotive-specific head-up display. The display included waveguide technology and the demonstration was in collaboration with DigiLens.

Market Segmentation:

By Component

  • Video Generator
  • Projector/Projection Unit
  • Display Unit
  • Software
  • Others

By Type

  • Conventional HUD
  • AR-based HUD
  • Windshield-based HUD

By Application

  • Aviation
  • Automotive

By Region

North America HUD Market

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America, by Component
  • North America, by Type
  • North America, by Application

Europe HUD Market

  • Europe, by Country
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Europe, by Component
  • Europe, by Type
  • Europe, by Application

Asia Pacific HUD Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Asia Pacific, by Component
  • Asia Pacific, by Type
  • Asia Pacific, by Application

Middle East & Africa HUD Market

  • Middle East & Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East and Africa, by Component
  • Middle East and Africa, by Type
  • Middle East and Africa, by Application

South America HUD Market

  • South America, by Country
    • Brazil
    • Argentina
    • Rest of South America
  • South America, by Component
  • South America, by Type
  • South America, by Application

Major Companies: In this report, the major companies studied are Bosch (Germany), Continental (Germany), Denso Corporation (Japan), BAE Systems (UK), Pioneer Corporation (Japan), Yazaki (Japan), and Nippon Seiki Co., Ltd. (Japan), Visteon Corporation (US), Panasonic Corporation (Japan), Garmin (Japan).

Objectives of this Report:

  • To estimate the market size for the global HUD market on a regional and global basis.
  • To identify major segments in the global HUD market and evaluate their market shares and demand.
  • To provide a competitive scenario for the global HUD market with major developments observed by the key companies in the historic years.

Key Questioned Answered in the Study:

  • What are major growth drivers and market trends that impacting on the global HUD market?
  • What the market size both in terms of value and volume for global HUD market?
  • Who are leading market players and who are the new market players that operate in the global HUD market with an estimated market share?
  • What are the future investment pockets and opportunity in the global HUD market?
  • Impact of COVID-19 on global HUD market.

Customization:

This study can be designed as per client’s requirements:

  • By sub-segment
  • By client-specific market analysis of segments
  • Product-specific competitive analysis

For more information, contact: [email protected]