Global Head-Up Display Market Projected To Grow At A CAGR Of 30.8% Over 2020-2026

Global Head-Up Display market accrued revenue worth nearly 1.9 (USD Billion) in 2019 and is set to record the CAGR of about 30.8% over the period from 2020 to 2026.

New York, United States - October 29, 2020 /MarketersMedia/ —

According to analysts at Zion Market Research, the global head-up display market is anticipated to augment from USD 1.9 billion in 2019 and recording a CAGR of almost 30.8% during 2020–2026. The aspect like surge in awareness regarding vehicle and passenger safety; convenience provided by the combination of head-up display system & satellite navigation technology; advancement in the demand for connected vehicles and technically superior head-up display system boost the demand. The head-up displays are display units that facilitate users to see from their own focus angle.

Some of the prominent players in this market are Saab AB, Honeywell International Inc., Heads Up Display, Inc., Esterline Technologies Corporation, Garmin Ltd, ROBERT BOSCH GMBH, Thales Group, Nippon Seiki Co., Ltd., BAE Systems, DENSO CORPORATION, Visteon Corporation, Delphi Technologies, Pioneer Corporation, Elbit Systems Ltd., PANASONIC CORPORATION, EXPLORIDE INC., HUDWAY, LLC, NAVDY, and HOLOEYE SYSTEMS, INC.

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Rising Demand For Head-Up Displays In Aviation & Military Segment To Boost The Global Head-Up Display Market

The driving factor for the head-up display market is development of technology in the military & aviation segment. The augment in the development of passenger traffic has resulted in augment in the demand of head-up displays across the civil aviation division. The rising demand for head-up displays so as to advance the customer experience in aircraft or vehicle to guarantee safety is also one of the key driving factors for augmentation of head-up displays in the market. The benefit of utilizing these displays is that it is time-saving for people who spend their time searching around the car for their mobiles or any other work. One of the main disadvantages of using head-up displays is that its light efficiency is quite low owing to the complex arrangement of optical system offered in head-up displays

The global head-up display market is bifurcated on the basis of component, type, application, and regional analysis. Based on the type, the market is divided into fixed-mounted and helmet-mounted. Based on the component, the market is divided into video-generator, combiner, and projector unit. Based on the application, the market is divided into automotive industry and military & civil aviation. The automotive industry segment is subdivided into sports cars, luxury/premium cars, and mid-segment cars.

The North America Region Will Witness Major Share In The Global Head-Up Display Market

Based on the geographical analysis, the global head-up display market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is projected to acquire major market share globally owing to increased awareness concerning the safety systems to be set up in aircraft & automobile systems. Europe is estimated to be the second-largest region as a result of the rising demand for luxury/premium cars & SUVs rigged with head-up display systems.

The global head-up display market is segmented as follows:

By type:

Helmet-mounted
Fixed-mounted

By component:

Combiner
Projector unit
Video-generator

By application:

Automotive industry
Sports cars
Luxury/Premium cars
Mid-segment cars
Military and civil aviation sector

By region:

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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Release ID: 88983312

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