The $1.1 Billion Head-Up Display Market is Expected to Grow at a CAGR of 20.8% Between 2022 and 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Head-Up Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global head-up display market reached a value of US$ 1.1 Billion in 2021. Looking forward the market is expected to reach US$ 3.5 Billion by 2027, exhibiting a CAGR of 20.8% during 2022-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A heads-up display (HUD) is a transparent, electronic display projected onto the windshield or a separate screen that displays information directly in the line of sight (LoS) of the driver.

This helps the driver to conveniently access information, such as the speed, warning signals and indicators for navigation, thus receiving real-time information without taking eyes off the road. Owing to this, HUD is widely installed in passenger cars as well as in commercial vehicles.

The market is primarily driven by the increasing sales of automobiles across the globe. Along with this, the growing consumer preferences for luxury and premium cars that are equipped with advanced display and safety features including HUD systems is further driving the market growth.

Several manufacturers are integrating various driver assistance tools, such as augmented reality (AR) and a larger area for visuals for offering a safer driving experience, thus catalysing the product demand. Moreover, various automobile companies are introducing HUDs in mid-range car models to reach the mid- and low-income consumer base, which is expected to create a positive outlook for the market.

Additionally, rapid urbanization, rising consumer expenditure capacities, along with several technological advancements, including the utilization of liquid crystal display (LCD) and light-emitting diode (LED), are some of the other factors contributing in the growth of global heads-up display market.

Key Questions Answered in this Report:

• How has the global head-up display market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global head-up display market?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the conventional and AR-Based HUDs?
• What is the breakup of the market based on the technology?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global head-up display market and who are the key players?
• What is the degree of competition in the market?

Companies Mentioned

• BAE Systems
• Continental
• Denso
• Garmin
• Microvison
• Nippon Seiki
• Panasonic Automotive Systems
• Robert Bosch
• Thales Group
• Visteon

For more information about this report visit https://www.researchandmarkets.com/r/3zwvbb

 

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